Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 49

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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23

new business opportunities and aggressively implement strategic sourcing and logistics solutions, while also continuing to optimize our management and operating structure in an effort to manage our operating margins.

Environmental ServicesThree Months EndedMarch 31,2025 over 2024(in thousands, except percentages)20252024Change% ChangeCost of revenues$839,942$812,898$27,0443.3 %As a % of Direct revenues69.5 %69.3 %0.2 %

Environmental Services cost of revenues for the three months ended March 31, 2025 increased $27.0 million from the comparable period in 2024, and remained relatively consistent as percentage of revenues. Commensurate with the revenue growth in the business and recent acquisitions discussed above, labor and benefit related costs increased $25.1 million and equipment and supply costs increased $6.5 million for the three months ended March 31, 2025 when compared to the three months ended March 31, 2024. The remaining increase was spread across various cost categories and was driven by acquisitions. Partially offsetting these cost increases were decreases in third-party labor costs of $7.9 million and external transportation, vehicle and fuel related costs of $2.1 million for the three months ended March 31, 2025 when compared to the three months ended March 31, 2024. 

Safety-Kleen Sustainability Solutions

Three Months EndedMarch 31,2025 over 2024(in thousands, except percentages)20252024Change% ChangeCost of revenues$177,438$154,887$22,55114.6 %As a % of Direct revenues79.7 %75.9 %3.8 %

SKSS cost of revenues for the three months ended March 31, 2025 increased $22.6 million from the comparable period in 2024 and increased 3.8% as a percentage of revenues. The cost increase is primarily due to additional expenses from the Noble operations. As a percentage of revenues, these costs increased primarily due to the higher cost per gallon of base oil products sold, the overall mix of product sales and market related pricing decreases discussed in the revenue section during the three months ended March 31, 2025 as compared to the same period in the prior year.

Selling, General and Administrative Expenses 

We aim to manage our selling, general and administrative (“SG&A”) expenses in line with the overall performance of our segments and corresponding