CLEAN HARBORS INC — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Clean Harbors reported Q3 2026 revenues of $1.87B (+21% YoY), net income of $208.1M (+75%), and Adjusted EBITDA of $456.1M (+42%), with Adjusted EBITDA margin expanding 370 basis points to 24.4%. The company raised 2026 full-year guidance by $80M on both Adjusted EBITDA (now $1.44–$1.48B midpoint $1.46B) and adjusted free cash flow (now $600–$660M, midpoint $630M). Environmental Services delivered strong results including ~$120M in emergency response revenue; Safety-Kleen benefited from elevated re-refining spreads amid global supply disruptions. Leadership transition: Eric Gerstenberg becomes sole CEO on January 1, 2027; Mike Battles retires as Co-CEO and Board member December 31, 2026.
Why this rating
Strong operational beat with margin expansion and elevated guidance raise meaningful positive catalyst. Leadership transition low-risk given succession clarity and Gerstenberg's 37-year tenure. Event ~5% of market cap ($11.7B) in strategic relevance but incremental to existing investor expectations.
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