Clean Harbors anticipates full-year 2026 Adjusted EBITDA between $1.2B and $1.26B, with adjusted free cash flow projected from $480M to $540M, reflecting continued strong demand.
Bullish
Clean Harbors reported strong Q4 revenue growth and significant margin expansion in both segments. The company also made strategic acquisitions and investments, while expanding its share buyback program, demonstrating robust capital allocation.
Bearish
Clean Harbors experienced a decline in full-year net income for 2025 and faced market headwinds, including a muted industrial backdrop and weakening base oil pricing. The Industrial Services business also expects only stabilization after two challenging years.