Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 89

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 to an outflow of $118.4 million in the comparable period of 2024. Additional information regarding adjusted free cash flow, which is a non-GAAP measure, including a reconciliation of net cash from operating activities to adjusted free cash flow, appears below under “Adjusted Free Cash Flow.”

Segment Performance

The primary financial measure by which we evaluate the performance of our segments is Adjusted EBITDA. The following table sets forth certain financial information associated with our results of operations (in thousands, except percentages):

 Summary of Operations Three Months EndedMarch 31, 20252024Change% ChangeDirect Revenues (1):Environmental Services$1,209,113$1,172,510$36,6033.1%Safety-Kleen Sustainability Solutions222,740204,08318,6579.1Corporate97102(5)N/MTotal1,431,9501,376,69555,2554.0Cost of Revenues (2):  Environmental Services839,942812,89827,0443.3Safety-Kleen Sustainability Solutions177,438154,88722,55114.6Corporate4,5043,2851,219N/MTotal1,021,884971,07050,8145.2Selling, General & Administrative Expenses (3):  Environmental Services94,58095,137(557)(0.6)Safety-Kleen Sustainability Solutions17,05019,496(2,446)(12.5)Corporate63,58260,8972,6854.4Total175,212175,530(318)(0.2)Adjusted EBITDA:  Environmental Services274,591264,47510,1163.8Safety-Kleen Sustainability Solutions28,25229,700(1,448)(4.9)Corporate(67,989)(64,080)(3,909)(6.1)Total$234,854$230,095$4,7592.1%Adjusted EBITDA as a % of Direct Revenues:Environmental Services (4)22.7 %22.6 %0.1 %Safety-Kleen Sustainability Solutions (4)12.7 %14.6 %(1.9)%Corporate (5)(4.7)%(4.7)%— %Total16.4 %16.7 %(0.3)%________________

N/M = not meaningful

(1)Direct revenues are revenues