Clean Harbors Stock Price Increases 5.9% on Q1 Earnings Beat

Clean Harbors, Inc. CLH has reported impressive first-quarter 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate.Better-than-expected earnings impressed investors and the CLH stock has gained 5.9% since the release of results on April 30.CLH’s earnings of $1.09 per share outpaced the Zacks Consensus Estimate by 6.9% but decreased 15.5% from the year-ago quarter. Total revenues of $1.4 billion surpassed the consensus estimate by a slight margin and increased 4% on a year-over-year basis.The stock has gained 7.3% in a year compared with the 9.8% rise of the industry it belongs to and 7.8% growth of the Zacks S&P 500 composite.Clean Harbors, Inc. Price, Consensus and EPS Surprise  Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. QuoteCLH’s Segmental RevenuesEnvironmental Services (ES) revenues of $1.2 billion grew 3.9% from the year-ago quarter, meeting our projection. The HEPACO buyout, increasing pricing and higher incineration utilization drove this segment’s revenues.Revenues from Safety-Kleen Sustainability Solutions (SKSS) amounted to $224.8 million, increasing 4.4% year over year but missing our estimate of $230.1 million. CLH’s pricing initiatives, record containerized waste services and new products, including aqueous part washers, fueled this segment’s revenue growth.Clean Harbors’ Profitability PerformanceAdjusted EBITDA of $234.9 million grew marginally from the year-ago quarter and beat our projection of $253.2 million. The adjusted EBITDA margin was 16.4%, down 30 basis points from the year-ago quarter.Segment-wise, adjusted EBITDA for ES amounted to $274.6 million, increasing 3.8% year over year. The figure outpaced our estimate of $281.2 million. Adjusted EBITDA for SKSS was $28.3 million, down 4.9% from the year-ago quarter and missing our projection of $38.4 million.Balance Sheet & Cash Flow of CLHClean Harbors exited the quarter with cash and cash equivalents of $489.4 million compared with $687.2 million at the end of the preceding quarter. Inventories and supplies were $376 million compared with $384.7 million in the fourth quarter of 2024.Long-term debt (less current portion) was $2.8 billion, flat with the previous quarter. CLH generated $1.6 billion in net cash from operating activities. The capital expenditure amounted to $118.7 million. The adjusted free cash flow utilized was $115.7 million.Clean Harbor’s Q2 & 2025 GuidanceFor the second quarter of 2025, CLH lowers its adjusted EBITDA growth guidance to 1-3% from the preceding quarter’s view of 4-6%.For 2025, Clean Harbor’s guidance for adjusted EBITDA is $1.15-$1.21 billion. The adjusted free cash flow is expected to be $430-$490 million.CLH currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Earnings SnapshotS&P Global Inc. SPGI reported impressive first-quarter 2025 results.SPGI’s adjusted EPS of $4.37 surpassed the Zacks Consensus Estimate by 3.6% and gained 9% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Revenues of $3.8 billion beat the consensus estimate by 2% and grew 8.3% year over year.Verisk VRSK posted impressive first-quarter fiscal 2025 results.VRSK’s adjusted earnings were $1.73 per share, surpassing the Zacks Consensus Estimate by 3.6% and increasing 6.1% from the year-ago quarter. Total revenues of $753 million beat the consensus estimate marginally and increased 7% on a year-over-year basis.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clean Harbors, Inc. (CLH): Free Stock Analysis Report Verisk Analytics, Inc. (VRSK): Free Stock Analysis Report S&P Global Inc. (SPGI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks