Clean Harbors Inc. achieved a record revenue of $1.74 billion in Q2, a 12% increase, driving net income to $170.5 million, or an EPS of $3.22. This strong performance, alongside a new $600 million disposal contract, positions the company for continued growth, appealing to investors seeking reliable returns.

Key Highlights

  • Clean Harbors reported Q2 revenue of $1.74 billion, up 12% year-over-year.
  • Net income surged 34% to $170.5 million, translating to an EPS of $3.22, outperforming estimates.
  • The company secured a ten-year disposal contract worth approximately $600 million.
  • Year-to-date, Clean Harbors shares are up 34.1%, reflecting strong market performance.

Clean Harbors Inc. (NYSE: CLH) delivered impressive financial results for the second quarter, reporting record revenue of $1.74 billion, marking a 12% improvement from the same period last year. This growth translates to an earnings per share (EPS) of $3.22, surpassing the consensus estimate. The marked uptick in revenue is indicative of both segments of the company performing exceptionally well, particularly in the face of rising operational demands and strategic pricing initiatives.

As a result, Clean Harbors' stock has experienced a significant rise of 34.1% year-to-date, highlighting investor confidence.

Revenue and Income Surge

Revenue for Clean Harbors increased 12% to $1.74 billion, up from $1.55 billion in Q2 2025. This was complemented by a remarkable 34% rise in net income, reaching $170.5 million. The income from operations escalated by 28%, amounting to $268.9 million.

Furthermore, the company achieved a 22% boost in adjusted EBITDA, leading to a margin expansion of 190 basis points to 23.6%. This solid financial footing suggests Clean Harbors is effectively capitalizing on favorable market conditions and managing its operational costs efficiently.

Strategic Contracts Drive Growth

The company secured a notable ten-year disposal contract valued at approximately $600 million with a customer expanding its U.S. manufacturing operations. This contract is expected to substantially enhance Clean Harbors' revenue streams as it provides incineration and complex wastewater disposal services. Clean Harbors has announced its intent to acquire ES&H for $305 million in cash.

This strategic move will bolster its field services capabilities and geographic footprint, essential for servicing its expanding customer base. Such developments underline Clean Harbors' commitment to leveraging growth opportunities within the environmental services market.

Market Position and Stock Performance

As of now, Clean Harbors shares reflect a strong gain of 34.1% year-to-date. The wider sector showed varied movements with waste management peers experiencing slight declines, while others gained marginally. Clean Harbors' consistent revenue growth amidst a dynamic market, along with its solid EBITDA margins, places it in a favorable position compared to its peers.

The financial results and strong market performance signal a promising outlook, attracting attention from investors focused on environmental services.

Future Catalysts to Watch

Looking ahead, Clean Harbors anticipates continuous growth, projecting an adjusted EBITDA expansion for the upcoming quarters. The company's strong performance outlook prompts an upward adjustment of its guidance for both adjusted EBITDA and free cash flow. Investors should pay particular attention to upcoming reports related to operational growth and new client acquisitions, as the company navigates an expanding market environment.

The next critical gauge will be when Clean Harbors is expected to provide further updates on its financial outlook and strategic initiatives.

Peers Moving on This News

  • Waste Management Inc (WM) down 0.2%
  • Republic Services Inc (RSG) up 0.5%
  • Veralto Corp (VLTO) up 0.2%

Analysis based on the Form 8-K filed 29 July 2026; figures verified against the filing and live market data.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.