Company: CLH
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000822818-25-000040
Chunk: 67

Company: CLEAN HARBORS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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982)2,431 Interest expense, net of interest income35,700 35,779 108,883 100,767 Provision for income taxes42,027 40,181 103,641 111,741 Adjusted EBITDA$320,159 $301,814 $891,250 $859,725 As a % of Direct revenues20.7 %19.7 %19.7 %19.3 %

Depreciation and Amortization

Three Months EndedNine Months EndedSeptember 30,2025 over 2024September 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeDepreciation of fixed assets and amortization of landfills and finance leases$101,292 $86,201 $15,091 17.5 %$302,532 $254,888 $47,644 18.7 %Permits and other intangibles amortization13,437 13,862 (425)(3.1)40,462 40,744 (282)(0.7)Total depreciation and amortization$114,729 $100,063 $14,666 14.7 %$342,994 $295,632 $47,362 16.0 %

Depreciation and amortization for the three months ended September 30, 2025 increased by $14.7 million from the comparable period in 2024 due to higher amortization of landfill assets due to increased volumes, depreciation for the new Kimball incinerator, which was placed in service in December 2024, incremental depreciation for assets placed in service to support the growth of the business and higher finance lease amortization.

Depreciation and amortization for the nine months ended September 30, 2025 increased by $47.4 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, higher amortization of landfill assets due to increased volumes, depreciation for the new Kimball incinerator, which was placed in service in December 2024, incremental depreciation for assets placed in service to support the growth of the business, and higher finance lease amortization.

32

Interest Expense, Net of Interest Income

Three Months EndedNine Months EndedSeptember