Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 57

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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count management actions implemented early in the second quarter of  2025 helped to partially offset rising costs, including inflation-driven increases in labor expenses.

Environmental Services SG&A expenses for the six months ended June 30, 2025 decreased $1.4 million from the comparable period in 2024, and remained relatively consistent as a percentage of revenues. The results for the six months ended June 30, 2025 include the impact of reducing the estimated costs to remediate a site by approximately $10 million in the first quarter of 2025 to reflect our conclusion that a loss was no longer probable based on recent evaluation of available evidence. This benefit was partially offset by higher labor and benefits related costs of $11.7 million as a result of the HEPACO acquisition and other investments in our employees.

Safety-Kleen Sustainability Solutions

Three Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeSG&A expenses$18,850$21,327$(2,477)(11.6)%$35,900$40,823$(4,923)(12.1)%As a % of Direct revenues9.5 %8.8 %0.7 %8.5 %9.1 %(0.6)%

SKSS SG&A expenses for the three months ended June 30, 2025 decreased $2.5 million and, despite the revenue decreases noted above, remained relatively consistent, as a percentage of revenues, when compared to the same period in 2024. Labor and benefit related costs decreased $2.6 million in the three months ended June 30, 2025 when compared to the same period in 2024, mainly driven by cost reduction initiatives that were executed late in 2024 and strategic headcount management actions implemented early in the second quarter of 2025.

SKSS SG&A expenses for the six months ended June 30, 2025 decreased $4.9 million and, despite the revenue decreases noted above, remained relatively consistent, as a percentage of revenues, when compared to the same period in 2024. Labor and benefit related costs decreased $4.2 million in the six months ended June 30, 2025 when compared to the same period in 2024, mainly driven by the cost reduction initiatives noted above.

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