Clean Harbors — May 6, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000822818-26-000017
Showing in the filing
Net cash from operating activities (basis for adjusted free cash flow)
“in the range of $840 million to $960 million”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 10
Adjusted EBITDA growth, year over year for Q2 FY2026
“grow 5% to 9%”
Adjusted EBITDA for FY2026
“$1.24 billion to $1.30 billion”
Adjusted EBITDA midpoint for FY2026
“$1.27 billion”
GAAP net income (basis for Adjusted EBITDA) for FY2026
“in the range of $421 million to $472 million”
Adjusted free cash flow midpoint for FY2026
“$520 million”
Net cash from operating activities (basis fo… for FY2026
“in the range of $840 million to $960 million”
Projected GAAP net income for FY2026
“$421 to $472”
Projected Adjusted EBITDA for FY2026
“$1,240 to $1,300”
Projected net cash from operating activities for FY2026
“$840 to $960”
Projected adjusted free cash flow for FY2026
“$490 to $550”
Exhibit 99.1 · the passage around this item
… earlier in the release
This Adjusted EBITDA range is based on anticipated GAAP net income in the range of $421 million to $472 million. • Adjusted free cash flow in the range of $490 million to $550 million, with a midpoint of $520 million. This range is based on anticipated net cash from operating activities in the range of $840 million to $960 million. Non-GAAP Results: Adjusted EBITDA Reconciliation 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 performance of its businesses based upon levels of Adjusted EBITDA. The Company defines Adjusted EBITDA as described in the following reconciliation showing the differences between reported net income and Adjusted EBITDA for the three months ended March 31, 2026 and 2025 (in thousands, except percentages): Three Months Ended March 31, 2026 March 31, 2025 Net income $ 63,201 $ 58,680 Accretion of environmental liabilities 3,542 3,620 Stock-based compensation 9,578 7,635 Depreciation and amortization 115,799 111,980
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.