Clean Harbors Posts Record Q2 2026 Results on Strong Demand and Strategic Pricing
Event summary
- Revenues increased 12% to $1.74 billion in Q2 2026, with net income up 34% to $170.5 million.
- Environmental Services segment delivered its 17th consecutive quarter of Adjusted EBITDA margin expansion at 27.9%.
- Safety-Kleen Sustainability Solutions segment revenue surged 41%, driven by global supply disruptions and strategic initiatives.
- Secured a $600 million ten-year disposal contract with a U.S. manufacturing customer, starting Q4 2026.
- Agreed to acquire ES&H for $305 million in cash, expanding Field Services business in the Gulf region.
The big picture
Clean Harbors' strong Q2 2026 results reflect broader trends in industrial reshoring and environmental compliance, with the company positioning itself as a key player in waste management and sustainability solutions. The acquisition of ES&H and the $600 million disposal contract underscore strategic expansion efforts amid favorable market conditions.
What we're watching
- Demand Trends
- How sustained demand in Environmental Services and Safety-Kleen segments will impact H2 2026 performance.
- Integration Risk
- Whether Clean Harbors can successfully integrate ES&H to achieve expected cost synergies.
- Regulatory Environment
- The pace at which PFAS-related work and other environmental regulations will drive future growth.