CLH Clean Harbors, Inc.

$CLH Q3 revenue rose 21% to a record 1.87 billion dollars and EPS rose to 3.93 dollars from 2.21 dollars. Adjusted EBITDA rose 42% to 456.1 million dollars, margin up 370 basis points to 24.4%. Field Services revenue grew more than 70%, helped by one emergency response event that alone generated about 120 million dollars. Safety-Kleen adjusted EBITDA more than tripled to 126.5 million dollars on tight base oil supply and higher re-refined pricing. Management raised the full year adjusted EBITDA guide by 80 million dollars at the midpoint, to 1.44 to 1.48 billion dollars.

$CLH reported earnings before the open today. EPS beat estimates: $3.93 vs. $3.26 expected, according to Stock Meadow. What do you think?

$CLH Is Clean Harbors' 42% Q3 EBITDA jump and $80M guidance raise built on one $120M emergency job? 🏢 Clean Harbors, the leading provider of environmental and industrial services throughout North America, reported Q3 2026 revenue up 21% to $1.87B and adjusted EBITDA up 42% to $456.1M, against a market value of about $16.54B at $312.92 a share at 16:00 ET on October 27, 2026 📈 The company raised 2026 adjusted EBITDA guidance to $1.44B–$1.48B (midpoint up $80M), sees Q4 adjusted EBITDA up 23% to 26%, deferred revenue rose 20% on a waste backlog, and EnviroServe and ES&H, bought for a combined $775M paid with cash and the $600M notes, are expected to generate about $340M of yearly revenue and about $87M of post-synergy EBITDA 📅 Next: The 9:00 a.m. (ET) call on October 28 should show what Q4 assumes for emergency work and oil prices Source: Business Wire release, Oct 28 + SEC 8-Ks, Oct 5

$CLH Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $3.93 up 77.83% YoY • Reported revenue of $1.87B up 20.66% YoY • Clean Harbors raised 2026 guidance to Adjusted EBITDA of $1.44B to $1.48B and adjusted free cash flow of $600M to $660M.

$CLH reports earnings tomorrow before the open. I’m bullish heading into the report: CLH has beaten EPS estimates in 6 of its last 8 reports, according to Stock Meadow. Analysts expect EPS of $3.26. What are you watching for?