Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 99

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 the management of our related operating costs. Overall product pricing as well as revenues generated and/or costs incurred in connection with the collection of used oil and other raw materials associated with the segment’s oil related products can also be volatile and can be impacted by global events and their relative impact on commodity products and pricing. The overall market price of oil and regulations that change the possible usage of used oil or burning of used oil as a fuel, impact the premium the segment can charge for used oil collections. 

Highlights

Total direct revenues for the three and six months ended June 30, 2025 were $1,549.9 million and $2,981.8 million, compared with $1,552.7 million and $2,929.4 million for the three and six months ended June 30, 2024, respectively. For the three months ended June 30, 2025, our Environmental Services segment direct revenues increased $42.7 million or 3.3% from the comparable period in 2024, driven by strong growth in Safety-Kleen core services and Technical Services, offset by fewer large scale emergency response events for our Field and Emergency Response Services operations. For the six months ended June 30, 2025, our Environmental Services segment direct revenues increased $79.3 million or 3.2% from the comparable period in 2024, driven by growth in Field and Emergency Response Services, specifically incremental contributions from the acquisition of HEPACO, as well as growth in our Technical Services and Safety-Kleen core services, offset by lower contributions from the Industrial Services organization. For the three and six months ended June 30, 2025, our SKSS segment direct revenues decreased $45.5 million and $26.9 million or 18.7% and 6.0%, respectively, from the comparable periods in 2024, driven by lower sales of base and blended oil products. These decreases were partially offset by higher charge for oil revenue and incremental contributions from Noble. Foreign currency translation of our Canadian operations negatively impacted our consolidated direct revenues by $1.8 million and $10.0 million in the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024.

Income from operations for the three and six months ended June 30, 2025 was $210.3 million and $321.9 million, compared with $215.5 million and $341.0 million in the three and six months