Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 39

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 effect on its financial condition, results of operations or cash flows.

17

(16) SEGMENT REPORTING 

Segment reporting is prepared on the same basis that the Company’s chief operating decision maker (“CODM”), which is a committee comprised of the Company’s Co-Chief Executive Officers, manages the business, makes operating decisions and assesses performance. The Company is managed and reports as two operating segments; (i) the Environmental Services segment and (ii) the Safety-Kleen Sustainability Solutions segment.Third-party revenue is revenue billed to outside customers by a particular segment. Direct revenue is revenue allocated to the segment providing the product or service. Intersegment revenues represent the sharing of third-party revenues among the segments based on products and services provided by each segment as if the products and services were sold directly to the third-party. The intersegment revenues are shown net. The operations not managed through the Company’s operating segments described above are recorded as “Corporate.” Although such transactions are excluded from the business segment results, they are included in reported consolidated earnings. The following tables reconcile third-party revenues to direct revenues by Reportable Segment (in thousands): For the Three Months Ended March 31, 2025 EnvironmentalServicesSafety-Kleen Sustainability SolutionsTotalSegment RevenuesCorporateTotal Consolidated RevenuesThird-party revenues$1,207,038 $224,815 $1,431,853 $97 $1,431,950 Intersegment revenues (expense), net2,075 (2,075)— — — Direct revenues$1,209,113 $222,740 $1,431,853 $97 $1,431,950  For the Three Months Ended March 31, 2024 EnvironmentalServicesSafety-Kleen Sustainability SolutionsTotalSegment RevenuesCorporateTotal Consolidated RevenuesThird-party revenues$1,161,279 $215,314 $1,376,593 $102 $1,376,695 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