Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 83

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 Intersegment revenues (expense), net11,231 (11,231)— — — Direct revenues$1,172,510 $204,083 $1,376,593 $102 $1,376,695 The primary financial measure by which the CODM evaluates the performance of its segments is Adjusted EBITDA, which consists of net income plus accretion of environmental liabilities, stock-based compensation, depreciation and amortization, net interest expense, loss on early extinguishment of debt and provision for income taxes and excludes other transactions not deemed representative of fundamental segment results and other expense, net. Transactions between the segments are accounted for at the Company’s best estimate based on similar transactions with outside customers. The CODM uses Adjusted EBITDA to enhance their understanding of segment operating performance, which represents the Company’s performance in the ordinary, ongoing and customary course of operations. The reportable segment operating performance Adjusted EBITDA is used by the CODM to make key operating decisions such as the allocation of resources. Total assets by segment are not used by the CODM to assess the performance of, or allocate resources to, the Company’s segments. Therefore total assets by segment are not disclosed.The tables below present total Reportable Segment Adjusted EBITDA and the relevant significant segment expenses provided to the CODM by reported segment (in thousands):For the Three Months Ended March 31, 2025Environmental ServicesSafety-Kleen Sustainability SolutionsTotal Reportable SegmentsDirect Revenues$1,209,113 $222,740 $1,431,853 Cost of Revenues839,942 177,438 1,017,380 Selling, General and Administrative Expenses94,580 17,050 111,630 Total Reportable Segment Adjusted EBITDA$274,591 $28,252 $302,843 

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For the Three Months Ended March 31, 2024Environmental ServicesSafety-Kleen Sustainability SolutionsTotal Reportable SegmentsDirect Revenues$1,172,510 $204,083 $1,376,593 Cost of Revenues812,898 154,887 967,785 Selling, General and Administrative Expenses95,137 19,496 114,633 Total Reportable Segment Adjusted EBITDA$264,475 $29,700 $294,175 The following table presents Total Reportable Segment Adjusted EBITDA reconciled to