Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 95

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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190,900 40,823 231,723 Total Reportable Segment Adjusted EBITDA$624,390 $81,176 $705,566 The following table presents Total Reportable Segment Adjusted EBITDA reconciled to income from operations before provision for income taxes (in thousands): Three Months EndedSix Months EndedJune 30,June 30, 2025202420252024Adjusted EBITDA:  Environmental Services$376,194 $359,915 $650,785 $624,390 Safety-Kleen Sustainability Solutions38,313 51,476 66,565 81,176 Total Reportable Segment Adjusted EBITDA414,507 411,391 717,350 705,566 Reconciliation to Consolidated Statements of Operations:  Corporate Costs(1)78,270 83,575 146,259 147,655 Accretion of environmental liabilities3,591 3,304 7,211 6,521 Stock-based compensation6,063 8,515 13,698 14,853 Depreciation and amortization116,285 100,504 228,265 195,569 Income from operations210,298 215,493 321,917 340,968 Other expense, net603 167 1,535 1,308 Interest expense, net of interest income37,106 36,449 73,183 64,988 Income from operations before provision for income taxes$172,589 $178,877 $247,199 $274,672 ________________(1)    Corporate Costs include certain revenue, cost of revenues and selling, general and administrative expenses not managed through the Company’s operating segments. These costs are not captured within the Company’s Reportable Segment Adjusted EBITDA but are included in the Company’s total Adjusted EBITDA balances.

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Table of Contents

ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 

Forward-Looking Statements 

In addition to historical information, this Quarterly Report on Form 10-Q contains forward-looking statements, which are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “aims,” “will,” “should,” “estimates,”