Company: CLH
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000822818-25-000040
Chunk: 102

Company: CLEAN HARBORS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 CODM evaluates the performance of its segments is Adjusted EBITDA, which consists of net income plus accretion of environmental liabilities, stock-based compensation, depreciation and amortization, net interest expense and provision for income taxes and excludes other transactions not deemed representative of fundamental segment results and other (income) expense, net. Transactions between the segments are accounted for at the Company’s best estimate based on similar transactions with outside customers. The CODM uses Adjusted EBITDA to enhance their understanding of segment operating performance, which represents the Company’s performance in the ordinary, ongoing and customary course of operations. The reportable segment operating performance Adjusted EBITDA is used by the CODM to make key operating decisions such as the allocation of resources. Total assets by segment are not used by the CODM to assess the performance of, or allocate resources to, the Company’s segments. Therefore total assets by segment are not disclosed.The tables below present total Reportable Segment Adjusted EBITDA and the relevant significant segment expenses provided to the CODM by reported segment (in thousands):For the Three Months Ended September 30, 2025Environmental ServicesSafety-Kleen Sustainability SolutionsTotal Reportable SegmentsDirect Revenues$1,331,300 $218,037 $1,549,337 Cost of Revenues871,487 158,545 1,030,032 Selling, General and Administrative Expenses102,584 18,555 121,139 Total Reportable Segment Adjusted EBITDA$357,229 $40,937 $398,166 

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For the Three Months Ended September 30, 2024Environmental ServicesSafety-Kleen Sustainability SolutionsTotal Reportable SegmentsDirect Revenues$1,297,187 $232,139 $1,529,326 Cost of Revenues874,414 171,120 1,045,534 Selling, General and Administrative Expenses90,271 19,793 110,064 Total Reportable Segment Adjusted EBITDA$332,502 $41,226 $373,728 For the Nine Months Ended September 30, 2025Environmental ServicesSafety-Kleen Sustainability SolutionsTotal Reportable SegmentsDirect Revenues$3,892,448 $638,507 $4,530,955 Cost of Revenues2,592,300 476,550 3,068,850 Selling, General and Administrative Expenses292,134 54,