Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 138

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 138
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032 (320)(2.3)27,025 26,882 143 0.5 Total depreciation and amortization$116,285 $100,504 $15,781 15.7 %$228,265 $195,569 $32,696 16.7 %

Depreciation and amortization for the three months ended June 30, 2025 increased by $15.8 million from the comparable period in 2024 due to depreciation for the Kimball incinerator, which was placed in service in December 2024, incremental depreciation for assets placed in service to support the growth of the business, higher amortization of landfill assets due to increased volumes and incremental finance lease amortization.

Depreciation and amortization for the six months ended June 30, 2025 increased by $32.7 million from the comparable period in 2024 due to depreciation of fixed assets and amortization of intangible assets acquired from the March 2024 HEPACO and Noble acquisitions, depreciation for the Kimball incinerator, which was placed in service in December 2024, incremental depreciation for assets placed in service to support the growth of the business, higher amortization of landfill assets due to increased volumes and incremental finance lease amortization.

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Table of Contents

Interest Expense, Net of Interest Income

Three Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeInterest expense, net of interest income$37,106 $36,449 $657 1.8 %$73,183 $64,988 $8,195 12.6 %

Interest expense, net of interest income for the three months ended June 30, 2025 remained relatively consistent with the comparable period in 2024.

Interest expense, net of interest income for the six months ended June 30, 2025 increased $8.2 million from the comparable period in 2024 primarily due to higher levels of outstanding debt during the period resulting from the issuance of incremental debt on March 22, 2024. Interest expense was partially offset by a $2.8 million increase in interest income in the six months ended June 30, 2025 compared to the same period in 2024. 

As of June 30, 2025,