Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 130

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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 same period in 2024. Direct revenues for Canadian operations of the Environmental Services segment decreased by $1.5 million due to foreign currency translation.

Environmental Services direct revenues for the six months ended June 30, 2025 increased $79.3 million from the comparable period in 2024 driven by acquisitive growth and incremental revenues from our legacy operations. Field and emergency response service revenues for the six months ended June 30, 2025 increased $42.1 million from the comparable period in 2024 driven by incremental revenue from the acquisition of HEPACO in late March 2024, partially offset by fewer large-scale emergency response events in the current year period. Technical services revenue increased $38.5 million from the comparable prior year period driven primarily by higher incineration volumes. On a comparative basis and excluding the impacts of the new incinerator in Kimball, Nebraska, utilization at our incinerators was 89% in the first six months of 2025 as compared to 83% in the same period in 2024. Including the new Kimball incinerator, utilization at our incinerators was 84% during the six months ended June 30, 2025. Revenues from Safety-Kleen core services for the six months ended June 30, 2025 grew by $32.9 million from the comparable period in 2024 due to improved pricing for our containerized waste, vacuum and parts washer services. Revenue from our industrial services operations declined $34.9 million due to lower turnaround activity and related high-value services, predominately early in 2025 when compared to 2024. Direct revenues for Canadian operations of the Environmental Services segment decreased by $8.0 million due to foreign currency translation.

Safety-Kleen Sustainability Solutions

Three Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeDirect revenues$197,730 $243,237 $(45,507)(18.7)%$420,470 $447,320 $(26,850)(6.0)%

In the three months ended June 30, 2025, SKSS direct revenues decreased $45.5 million compared to the same period in 2024. Revenues from the sale of base and blended oil products decreased $32.7 million and $15.5 million, respectively, resulting