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Clean Harbors — Feb 18, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000822818-26-000004
Open on SEC.gov ↗
Showing in the filing
DCI acquisition close
“first half of 2026”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 28
Expansion of share repurchase program
“$350 million”
Strategic investment in fleet expansion (vac…
“$50 million”
Strategic investment in vacuum truck fleet
“$50 million”
DCI acquisition purchase price for FY2026
“approximately $130 million”
DCI acquired businesses expected revenue for FY2025
“approximately $40 million”
Expected annual revenue from DCI acquisition for FY2025
“approximately $40 million”
DCI acquired businesses expected Adjusted EB… for FY2025
“$11 million”
Expected annual Adjusted EBITDA from DCI acq… for FY2025
“$11 million”
DCI acquisition close
“first half of 2026”
Payback on vacuum truck fleet investment
“five-year”
Payback period on fleet expansion investment for the long term
“five-year”
Adjusted EBITDA growth (ES segment) for Q1 FY2026
“4% to 7% year over year”
Adjusted EBITDA growth (consolidated) for Q1 FY2026
“up 1% to 3%”
Adjusted EBITDA for FY2026
“$1.20 billion to $1.26 billion”
GAAP net income (basis for Adjusted EBITDA) for FY2026
“$410 million to $461 million”
Net cash from operating activities (basis fo… for FY2026
“$820 million to $940 million”
Projected GAAP net income for FY2026
“$410 to $461”
Accretion of environmental liabilities for FY2026
“16 to 15”
Stock-based compensation for FY2026
“35 to 38”
Depreciation and amortization for FY2026
“450 to 440”
Interest expense, net for FY2026
“144 to 139”
Provision for income taxes for FY2026
“145 to 167”
Projected Adjusted EBITDA for FY2026
“$1,200 to $1,260”
Projected net cash from operating activities for FY2026
“$820 to $940”
Additions to property, plant and equipment for FY2026
“(465) to (525)”
Cash investments in strategic growth projects for FY2026
“110 to 110”
Proceeds from sale and disposal of fixed ass… for FY2026
“15 to 15”
Projected adjusted free cash flow for FY2026
“$480 to $540”
Exhibit 99.1 · the passage around this item
… earlier in the release
The acquired businesses operate five locations in Ohio, Louisiana and Texas and are expected to generate approximately $40 million of revenue and $11 million of Adjusted EBITDA annually. Clean Harbors will fund the acquisition with available cash and expects the transaction to close in the first half of 2026, subject to customary closing conditions. “The businesses we are acquiring offer waste handling, tank cleaning and railcar cleaning, which is a great strategic fit for Clean Harbors,” said Battles. “Additionally, two facilities have wastewater treatment and solidification capabilities. We will integrate these businesses into our facilities network within Technical Services, as well as our Field Services business, and we expect to remain active on the acquisition front in 2026.” Business Outlook and Financial Guidance “We are encouraged by the growth opportunities we are seeing across multiple parts of our business, particularly within Technical Services,” said Gerstenberg. “We expect our entire disposal and recycling network to remain in high demand in 2026 as we capitalize on reshoring, PFAS and a growing pipeline of remediation and project work. Within Safety-Kleen Environmental, we expect another year of stable growth. To support and accelerate our organic growth in this business, we are making a $50 million strategic investment to expand our Clean Harbors • 42 Longwater Drive • PO Box 9149 • Norwell, Massachusetts 02061-9149 • 800.282.0058 • www.cleanharbors.com vacuum truck f
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.