Clean Harbors (NYSE:CLH) reports upbeat Q3 2026

What happened

Clean Harbors reported Q3 2026 revenue of $1.87 billion, up 20.7% year on year and above analysts' consensus estimate of $1.73 billion. GAAP profit was $3.93 per share, 21% above the consensus estimate of $3.25.

Confirmed

Global impact / market context

Higher revenue and profit per share mean Clean Harbors earned more from each sale and beat what analysts expected. That can support investor confidence and may influence how the company funds future capital spending, which means money put into long-term assets.

Analyst inference

Strong demand for environmental services helped results, and full-year EBITDA guidance of $1.46 billion sits above consensus. EBITDA is a rough profit measure before interest, taxes, depreciation and amortization. Free cash flow margin fell to 13.2%, meaning less cash available relative to revenue.

Analyst inference

What to watch

1. Watch whether Clean Harbors meets its full-year EBITDA guidance of $1.46 billion at the midpoint, which is above analysts' consensus estimates. Confirmed
2. Watch free cash flow margin, which fell to 13.2% from 14.9% a year earlier. This measures cash available after capital spending and can affect how much money is left for debt, dividends, or reinvestment. Analyst inference
3. Watch whether management explains what drove the sizeable emergency response work cited in Environmental Services, and whether that demand continues or fades in coming quarters. Proposed

Evidence

• stockstory.org