Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 132

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 132
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27,1663.2 %$1,720,813$1,666,603$54,2103.3 %As a % of Direct revenues65.2 %65.2 %— %67.2 %67.2 %— %

Environmental Services cost of revenues for the three months ended June 30, 2025 increased $27.2 million from the comparable period in 2024, and remained consistent as a percentage of revenues. Commensurate with the revenue growth in the business, equipment and supply costs increased $9.1 million and labor and benefit related costs increased $8.9 million for the three months ended June 30, 2025 when compared to the three months ended June 30, 2024. The remaining cost increase was spread across various cost categories. Partially offsetting these cost increases was a decrease of $4.3 million in third-party labor costs for the three months ended June 30, 2025 when compared to the three months ended June 30, 2024 due to labor internalization efforts.

Environmental Services cost of revenues for the six months ended June 30, 2025 increased $54.2 million from the comparable period in 2024, and remained consistent as a percentage of revenues. Commensurate with the revenue growth in the business and the acquisition of HEPACO discussed above, labor and benefit related costs increased $34.8 million and equipment and supply costs increased $11.7 million for the six months ended June 30, 2025 when compared to the six months ended June 30, 2024. The remaining cost increase was spread across various cost categories and was largely driven by the HEPACO acquisition. Partially offsetting these cost increases was a decrease of $12.2 million in third-party labor costs due to labor internalization efforts.

Safety-Kleen Sustainability Solutions

Three Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeCost of revenues$140,567$170,434$(29,867)(17.5)%$318,005$325,321$(7,316)(2.2)%As a % of Direct revenues71.1 %70.1 %1.0 %75.6 %72.7 %2.9 %

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