HighGravityDataClean Harbors — Apr 30, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000822818-25-000017
Showing in the filing
Depreciation and amortization
“450 to 440”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 20
Adjusted EBITDA growth (consolidated) for Q2 FY2025
“1-3%”
Adjusted EBITDA growth (ES segment) for Q2 FY2025
“3-5%”
Adjusted EBITDA for FY2025
“$1.15 billion to $1.21 billion”
Adjusted EBITDA midpoint for FY2025
“$1.18 billion”
Adjusted EBITDA growth year over year for FY2025
“6%”
GAAP net income (basis for Adjusted EBITDA) for FY2025
“$377 million to $428 million”
Adjusted free cash flow midpoint for FY2025
“$460 million”
Adjusted free cash flow increase from prior … for FY2025
“nearly 30% increase”
Net cash from operating activities (basis fo… for FY2025
“$775 million to $865 million”
Projected GAAP net income for FY2025
“$377 to $428”
Accretion of environmental liabilities for FY2025
“15 to 14”
Stock-based compensation for FY2025
“28 to 31”
Depreciation and amortization for FY2025
“450 to 440”
Interest expense, net for FY2025
“146 to 141”
Provision for income taxes for FY2025
“134 to 156”
Projected Adjusted EBITDA for FY2025
“$1,150 to $1,210”
Additions to property, plant and equipment for FY2025
“(370) to (400)”
Cash investment in Phoenix Hub for FY2025
“15 to 15”
Proceeds from sale and disposal of fixed ass… for FY2025
“10 to 10”
Projected adjusted free cash flow for FY2025
“$430 to $490”
Exhibit 99.1 · the passage around this item
… earlier in the release
Clean Harbors • 42 Longwater Drive • PO Box 9149 • Norwell, Massachusetts 02061-9149 • 800.282.0058 • www.cleanharbors.com An itemized reconciliation between reported GAAP net cash from operating activities and adjusted free cash flow is as follows (in thousands): Three Months Ended March 31, 2025 March 31, 2024 Net cash from operating activities $ 1,605 $ 18,549 Additions to property, plant and equipment (118,695) (137,913) Proceeds from sale and disposal of fixed assets 1,343 1,008 Adjusted free cash flow $ (115,747) $ (118,356) Adjusted EBITDA Guidance Reconciliation An itemized reconciliation between projected GAAP net income and projected Adjusted EBITDA is as follows (in millions): For the Year Ending December 31, 2025 Projected GAAP net income $377 to $428 Adjustments: Accretion of environmental liabilities 15 to 14 Stock-based compensation 28 to 31 Depreciation and amortization 450 to 440 Interest expense, net 146 to 141 Provision for income taxes 134 to 156 Projected Adjusted EBITDA $1,150 to $1,210 Adjusted Free Cash Flow Guidance Reconciliation An itemized reconciliation between projected GAAP net cash from operating activities and projected adjusted free cash flow is as follows (in millions). The Company excludes significant one-time growth investments, which the Company expects to realize future long-term benefits from, as they are not indicative of free cash flow generation for the current period. For the Year Ending December 31, 2025 Projected net cash from operating activities $775 to $865 Additions to property, plant and equipment (370) to (400) Cash investment in Phoenix Hub 15 to 15 Proceeds from sale and disposal of fixed assets 10 to 10 Projected adjusted free cash flow $430 to $490 Conference Call Information Clean Harbors will conduct a conference call for investors today at 9:00 a.m. (ET) to discuss the information contained in this press release. During the call, management will discuss Clean Harbors’ financial results, business outlook and growth strategy. Investors who wish to listen to the webcast and view the accompanying slides should visit th
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other guidance in this release
Text is the filed exhibit, verbatim.