Company: CLH
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000822818-25-000007
Chunk: 57

Company: CLEAN HARBORS INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 57
---
 General and Administrative Expenses(3):   Environmental Services371,263346,791315,67424,4727.131,1179.9Safety-Kleen Sustainability Solutions78,57578,08972,7624860.65,3277.3Corporate261,810225,578212,11136,23216.113,4676.3Total711,648650,458600,54761,1909.449,9118.3Adjusted EBITDA:     Environmental Services1,267,4621,101,608953,053165,85415.1148,55515.6Safety-Kleen Sustainability Solutions147,006172,873306,327(25,867)(15.0)(133,454)(43.6)Corporate(297,534)(261,911)(237,252)(35,623)(13.6)(24,659)(10.4)Total$1,116,934$1,012,570$1,022,128$104,36410.3%$(9,558)(0.9)%Adjusted EBITDA as a % of Direct Revenues:Environmental Services(4)25.3 %24.4 %22.8 %0.9 %1.6 %Safety-Kleen Sustainability Solutions(4)16.6 %19.3 %30.8 %(2.7)%(11.5)%Corporate(5)(5.1)%(4.8)%(4.6)%(0.3)%(0.2)%Total19.0 %18.7 %19.8 %0.3 %(1.1)%

___________________________________

N/M = not meaningful

(1)Direct revenue is revenue allocated to the segment performing the provided service.

(2)Cost of revenues is shown exclusive of (i) accretion of environmental liabilities and (ii) depreciation and amortization which are presented separately on the consolidated statements of operations. Additionally, in 2024, cost of revenue is shown exclusive of $4.3 million of Kimball startup costs which are presented in Cost of revenue on the Company’s Consolidated Statements of Operations but are not included in the Company’s measurement of Adjusted EBITDA. See Adjusted EBITDA section below for a reconciliation of net income to Adjusted EBITDA.

(3)Selling, general and administrative expenses is shown exclusive of stock