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
Annual EBITDA from SDA facility
“$30 million to $40 million”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
“For several years we have been evaluating ways to upgrade VTAE, which we currently sell to roofing and paving markets, into a more valuable and profitable product. Because of its durability and high-performance characteristics, 600N is a high-purity base oil typically used in heavy-duty industrial applications. We expect this facility to generate annual EBITDA of $30 million to $40 million, a six- to seven-year payback on the investment once completed, which rivals the returns on our incineration projects.” Business Outlook and Financial Guidance “Looking ahead, we believe that the market challenges we faced in the third quarter are temporary and brought on by macro-economic conditions. The continued growth in Technical Services and Safety-Kleen Environmental demonstrates the diversification of our end markets and continued resilience of our business model. We expect our incinerators to continue to run strong through year-end and projects to continue to feed Clean Harbors • 42 Longwater Drive • PO Box 9149 • Norwell, Massachusetts 02061-9149 • 800.282.0058 • www.cleanharbors.com our entire disposal and recycling network,” Gerstenberg said. “The North American economy has been navigating through short-term turbulence, but the economic outlook looks promising as reshoring continues. Based on conversations with our customers, we anticipate incentives to reshore and the benefits of the recent U.S. tax bill will drive a meaningful lift in American manufacturing, as well as continue to support remediation and waste projects. Spending constraints related to key verticals,
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.