Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 46

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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of Operations Three Months EndedMarch 31, 20252024Change% ChangeDirect Revenues (1):Environmental Services$1,209,113$1,172,510$36,6033.1%Safety-Kleen Sustainability Solutions222,740204,08318,6579.1Corporate97102(5)N/MTotal1,431,9501,376,69555,2554.0Cost of Revenues (2):  Environmental Services839,942812,89827,0443.3Safety-Kleen Sustainability Solutions177,438154,88722,55114.6Corporate4,5043,2851,219N/MTotal1,021,884971,07050,8145.2Selling, General & Administrative Expenses (3):  Environmental Services94,58095,137(557)(0.6)Safety-Kleen Sustainability Solutions17,05019,496(2,446)(12.5)Corporate63,58260,8972,6854.4Total175,212175,530(318)(0.2)Adjusted EBITDA:  Environmental Services274,591264,47510,1163.8Safety-Kleen Sustainability Solutions28,25229,700(1,448)(4.9)Corporate(67,989)(64,080)(3,909)(6.1)Total$234,854$230,095$4,7592.1%Adjusted EBITDA as a % of Direct Revenues:Environmental Services (4)22.7 %22.6 %0.1 %Safety-Kleen Sustainability Solutions (4)12.7 %14.6 %(1.9)%Corporate (5)(4.7)%(4.7)%— %Total16.4 %16.7 %(0.3)%________________

N/M = not meaningful

(1)Direct revenues are revenues 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.

(3)Selling, general and administrative expenses is shown exclusive of stock-based compensation which is presented in Selling, general and administrative expenses on the Company’s Consolidated Statements of Operations but is not included in the Company’s measurement of Adjusted EBITDA. See Adjusted EBITDA section