Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 127

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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 and equipment. 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.”

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Table of Contents

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 EndedSix Months EndedJune 30,June 30, 20252024Change% Change20252024Change% ChangeDirect Revenues (1):    Environmental Services$1,352,035$1,309,383$42,6523.3%$2,561,148$2,481,893$79,2553.2%Safety-Kleen Sustainability Solutions197,730243,237(45,507)(18.7)420,470447,320(26,850)(6.0)Corporate8999(10)N/M186201(15)N/MTotal1,549,8541,552,719(2,865)(0.2)2,981,8042,929,41452,3901.8Cost of Revenues (2):      Environmental Services880,871853,70527,1663.21,720,8131,666,60354,2103.3Safety-Kleen Sustainability Solutions140,567170,434(29,867)(17.5)318,005325,321(7,316)(2.2)Corporate12,05911,403656N/M16,56314,6881,875N/MTotal1,033,4971,035,542(2,045)(0.2)2,055,3812,006,61248,7692.4Selling, General & Administrative Expenses (3):     Environmental Services94,97095,763(793)(0.8)189,550190,900(1,350)(0.7)Safety-Kleen Sustainability Solutions18,85021,327(2,477)(11.6)35,90040,823(4,923)(12.1)Corporate66,30072,271(5,971)(8.3)129,882133,168(3,286)(2.5)Total180,120189,361(9