Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 60

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 100,504 228,265 195,569 Other expense, net603 167 1,535 1,308 Interest expense, net of interest income37,106 36,449 73,183 64,988 Provision for income taxes45,684 45,597 61,614 71,560 Adjusted EBITDA$336,237 $327,816 $571,091 $557,911 As a % of Direct revenues21.7 %21.1 %19.2 %19.0 %

Stock-based CompensationThree Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeStock-based compensation$6,063 $8,515 $(2,452)(28.8)%$13,698 $14,853 $(1,155)(7.8)%

Stock-based compensation for the three and six months ended June 30, 2025 decreased $2.5 million and $1.2 million, respectively, due to higher expense in 2024 for the achievement of performance awards granted in prior periods coupled with a longer recognition period for performance awards granted in 2025 and higher forfeitures in 2025. These expense decreases were partially offset by higher expense for the ESPP which commenced in July 2024.

Depreciation and Amortization

Three Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeDepreciation of fixed assets and amortization of landfills and finance leases$102,573 $86,472 $16,101 18.6 %$201,240 $168,687 $32,553 19.3 %Permits and other intangibles amortization13,712 14,032 (320)(2.3)27,025 26,882 143 0.5 Total depreciation and amortization$116,285 $100,504 $15,781 15.7 %$228,265 $195,569 $32,696 16.7 %

Depreciation and amortization for the three months ended June 30,