Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 49

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 compared with $215.5 million and $341.0 million in the three and six months ended June 30, 2024, representing decreases of 2.4% and 5.6% respectively, primarily due to increased depreciation and amortization expense in 2025, as compared to the comparable periods in 2024. Net income for the three and six months ended June 30, 2025 was $126.9 million and $185.6 million, decreases of $6.4 million and $17.5 million, or 4.8% and 8.6% as compared with net income of $133.3 million and $203.1 million in the three and six months ended June 30, 2024, respectively.

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Adjusted EBITDA, which is the primary financial measure by which we evaluate the operating performance of our segments, increased $8.4 million and $13.2 million or 2.6% and 2.4%, from $327.8 million and $557.9 million in the three and six months ended June 30, 2024 to $336.2 million and $571.1 million in the three and six months ended June 30, 2025. Additional information regarding Adjusted EBITDA, which is a non-GAAP measure, including a reconciliation of net income to Adjusted EBITDA, appears below under “Adjusted EBITDA.”

Net cash from operating activities for the six months ended June 30, 2025 decreased $24.9 million from $234.6 million in 2024 to $209.6 million in 2025 primarily due to increased working capital balances. Adjusted free cash flow, which management uses to measure our financial strength and ability to generate cash, was an inflow of $17.4 million in the six months ended June 30, 2025 as compared to an outflow of $34.1 million in the comparable period of 2024, mainly due to lower cash paid for additions to property, plant and equipment. Additional information regarding adjusted free cash flow, which is a non-GAAP measure, including a reconciliation of net cash from operating activities to adjusted free cash flow, appears below under “Adjusted Free Cash Flow.”

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Segment Performance

The primary financial measure by which we evaluate the performance of our segments is Adjusted EBITDA. The following table sets forth certain financial information associated with our results