Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 58

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 58
---
 Months EndedSix Months EndedJune 30,2025 over 2024June 30,2025 over 2024(in thousands, except percentages)20252024Change% Change20252024Change% ChangeSG&A expenses$66,300$72,271$(5,971)(8.3)%$129,882$133,168$(3,286)(2.5)%As a % of Total Company Direct revenues4.3 %4.7 %(0.4)%4.4 %4.5 %(0.1)%

We manage our Corporate SG&A expenses commensurate with the overall total Company performance and direct revenue levels. Corporate SG&A expenses for the three months ended June 30, 2025 decreased $6.0 million when compared to the same period in the prior year and remained relatively consistent as a percentage of total Company revenues. The overall decrease in Corporate SG&A expenses for the three months ended June 30, 2025 when compared to the prior year was primarily driven by $5.2 million of lower environmental and legal reserve related costs, including a $2.9 million increase in a remedial liability for a Superfund site which occurred in the three months ended June 30, 2024 and did not recur in 2025. During the three months ended June 30, 2025 strategic headcount management actions implemented early in the second quarter of 2025 helped to partially offset rising costs, including inflation-driven increases in labor costs.

Corporate SG&A expenses for the six months ended June 30, 2025 decreased $3.3 million when compared to the same period in the prior year and remained consistent as a percentage of total Company revenues. The decrease in Corporate SG&A expenses was primarily driven by $5.3 million of lower environmental and legal reserve related cost, noted above, partially offset by increased spending on systems investments and severance and integration costs of $4.2 million as compared to $3.1 million in the same period in 2024. During the six months ended June 30, 2025 strategic headcount management actions implemented early in the second quarter of 2025 helped to partially offset rising costs, including inflation-driven increases in labor costs.

Adjusted EBITDA 

Management considers Adjusted EBITDA to be a measurement of performance which provides useful information to both management and investors. Adjusted EBITDA should not be considered an alternative to net income or other measurements under generally accepted accounting principles (“