Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 91

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 coupled with improved pricing. On a comparative basis and excluding the impacts of the new incinerator in Kimball, Nebraska, which is not expected to be running at full utilization until 2026, utilization at our incinerators was 88% in the first three months of 2025 as compared to 79% in the same period in 2024. Including the new Kimball incinerator, utilization at our incinerators was 81% during the three months ended March 31, 2025. Revenues for Safety-Kleen core service offerings for the three months ended March 31, 2025 grew by $11.9 million from the comparable period in 2024 due to improved pricing for our containerized waste, vacuum and parts washer services despite fewer parts washer services compared to the same period in 2024. Revenue from our industrial services operations declined $37.0 million due to lower turnaround activity and related high-value services for the three months ended March 31, 2025 compared to the same period in 2024. Direct revenues for Canadian operations of the Environmental Services segment decreased by $6.5 million due to foreign currency translation.

Safety-Kleen Sustainability Solutions

Three Months EndedMarch 31,2025 over 2024(in thousands, except percentages)20252024Change% ChangeDirect revenues$222,740 $204,083 $18,657 9.1 %

In the three months ended March 31, 2025, SKSS direct revenues increased $18.7 million compared to the same period in 2024. This growth was mainly due to a $20.0 million increase in revenues from vacuum gas oil and specialty refinery products, driven by the acquisition of Noble, and a $5.9 million increase in revenues from the collection of used oil, attributed to higher pricing for these collection services and increased volumes collected. These increases were partially offset by a $5.9 million decline in base oil sales driven by lower pricing despite increased volumes sold and a $3.7 million decline in blended oil sales which was driven by lower volumes sold and, to a lesser extent, lower pricing. Direct revenues for Canadian operations of the SKSS segment decreased by $1.7 million due to foreign currency translation.

Cost of Revenues 

We believe that management of operating costs is vital to our ability to remain price competitive. We continue to experience inflationary pressures across several cost categories, but most notably related to internal and external labor, transportation, maintenance and