Clean 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
Adjusted EBITDA midpoint
“$1.18 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
For SKSS, our focus will remain on actively managing our collection costs and overall expenses, while advancing initiatives like our Castrol partnership and Group III production.” In the second quarter of 2025, Clean Harbors expects Adjusted EBITDA to grow 1-3% compared with the prior year, with 3-5% growth in the ES segment and lower expense in the Corporate segment more than offsetting an expected year-over-year decline in SKSS. For full-year 2025, Clean Harbors is reiterating its prior guidance and continues to expect: • Adjusted EBITDA in the range of $1.15 billion to $1.21 billion, or a midpoint of $1.18 billion, which represents 6% growth year over year. This Adjusted EBITDA range is based on anticipated GAAP net income in the range of $377 million to $428 million. • Adjusted free cash flow in the range of $430 million to $490 million, or a midpoint of $460 million, which represents a nearly 30% increase from prior year. This range is based on anticipated net cash from operating activities in the range of $775 million to $865 million. Clean Harbors • 42 Longwater Drive • PO Box 9149 • Norwell, Massachusetts 02061-9149 • 800.282.0058 • www.cleanharbors.com Non-GAAP Results Clean Harbors reports Adjusted EBITDA, which is a non-GAAP financial measure and should not be considered an alternative to net income or other measurements under generally accepted accounting principles (GAAP) but viewed only as a supplement to those measurements. Adjusted EBITDA is not calculated identically by all companies, and therefore the Company’s measurement of Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Clean Harbors believes that Adjusted EBITDA provides additional useful information to investors because the Company’s management routinely evaluates the perfo
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.