HighGravityDataClean Harbors — Oct 29, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000822818-25-000038
Showing in the filing
Projected GAAP net income
“$379 to $400”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 23
Total investment in SDA facility
“$210 million to $220 million”
Commercial launch of SDA facility for FY2028
“2028”
Annual EBITDA from SDA facility for FY2025
“$30 million to $40 million”
Annual EBITDA generated by SDA facility for the long term
“$30 million to $40 million”
Payback on SDA facility investment
“six- to seven-year”
Payback on SDA facility investment for the long term
“six- to seven-year”
Adjusted EBITDA growth for Q4 FY2025
“six to eight percent range compared with a year ago”
Adjusted EBITDA for FY2025
“$1.155 billion to $1.175 billion”
GAAP net income (basis for Adjusted EBITDA) for FY2025
“in the range of $379 million to $400 million”
Net cash from operating activities (basis fo… for FY2025
“in the range of $795 million to $865 million”
Projected GAAP net income for FY2025
“$379 to $400”
Accretion of environmental liabilities for FY2025
“15 to 14”
Stock-based compensation for FY2025
“28 to 31”
Depreciation and amortization for FY2025
“455 to 445”
Interest expense, net for FY2025
“147 to 142”
Provision for income taxes for FY2025
“131 to 143”
Projected Adjusted EBITDA for FY2025
“$1,155 to $1,175”
Projected net cash from operating activities for FY2025
“$795 to $865”
Additions to property, plant and equipment for FY2025
“(400) to (430)”
Cash investment in Solvent De-Asphalting Unit for FY2025
“30 to 30”
Cash investment in Phoenix Hub for FY2025
“15 to 15”
Proceeds from sale and disposal of fixed ass… for FY2025
“15 to 15”
Projected adjusted free cash flow for FY2025
“$455 to $495”
Exhibit 99.1 · the passage around this item
… earlier in the release
An itemized reconciliation between reported GAAP net cash from operating activities and adjusted free cash flow is as follows (in thousands): Three Months Ended Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Net cash from operating activities $ 301,987 $ 239,239 $ 511,632 $ 473,833 Additions to property, plant and equipment (94,445) (96,803) (303,169) (369,826) Cash investment in Solvent De-Asphalting Unit 11,813 — 11,813 — Cash investment in Phoenix Hub 91 — 12,527 — Proceeds from sale and disposal of fixed assets 11,187 2,058 15,250 6,353 Adjusted free cash flow $ 230,633 $ 144,494 $ 248,053 $ 110,360 Clean Harbors • 42 Longwater Drive • PO Box 9149 • Norwell, Massachusetts 02061-9149 • 800.282.0058 • www.cleanharbors.com 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 $379 to $400 Adjustments: Accretion of environmental liabilities 15 to 14 Stock-based compensation 28 to 31 Depreciation and amortization 455 to 445 Interest expense, net 147 to 142 Provision for income taxes 131 to 143 Projected Adjusted EBITDA $1,155 to $1,175 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 $795 to $865 Additions to property, plant and equipment (400) to (430) Cash investment in Solvent De-Asphalting Unit 30 to 30 Cash investment in Phoenix Hub 15 to 15 Proceeds from sale and disposal of fixed assets 15 to 15 Projected adjusted free cash flow $455 to $495 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 cal
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.