Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 102

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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3056.3(146,259)(147,655)1,3960.9Total$336,237$327,816$8,4212.6%$571,091$557,911$13,1802.4%Adjusted EBITDA as a % of Direct Revenues:Environmental Services (4)27.8 %27.5 %0.3 %25.4 %25.2 %0.2 %Safety-Kleen Sustainability Solutions (4)19.4 %21.2 %(1.8)%15.8 %18.1 %(2.3)%Corporate (5)(5.1)%(5.4)%0.3 %(4.9)%(5.0)%0.1 %Total21.7 %21.1 %0.6 %19.2 %19.0 %0.2 %________________

N/M = not meaningful

(1)Direct revenues are allocated to the segment performing the provided service or selling the product.

(2)Cost of revenues are shown exclusive of (i) accretion of environmental liabilities and (ii) depreciation and amortization which are presented separately on the Consolidated Statements of Operations.

(3)Selling, general and administrative expenses are shown exclusive of stock-based compensation which is presented in Selling, general and administrative expenses on the Company’s Consolidated Statements of Operations but is not included in the Company’s measurement of Adjusted EBITDA. See Adjusted EBITDA section below for a reconciliation of net income to Adjusted EBITDA.

(4)Calculated as a percentage of individual segment direct revenue.

(5)Calculated as a percentage of total Company direct revenue.

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Table of Contents

Direct Revenues

There are many factors which can impact our revenues including, but not limited to: overall levels of industrial activity and economic growth in North America, competitive industry pricing, overall market incineration capacity including captive incineration closures, changes in the regulatory environment including those related to per- and polyfluoroalkyl substances (“PFAS”), impacts of acquisitions and divestitures, the level of emergency response services, government infrastructure investment, reshoring of domestic manufacturing, existence or non-existence of large scale environmental waste and remediation projects, weather related events, the number of parts washers placed at customer sites, miles driven and related lubricant demand, base and blended oil pricing, market