Clean Harbors, Inc. announced Q4 and full-year 2025 results, with full-year revenue reaching a record $6.03 billion and Adjusted EBITDA of $1.17 billion. The company also authorized a $350 million expansion of its share repurchase program and signed an agreement to acquire environmental businesses from Depot Connect International for approximately $130 million.
Key takeaways
Full-year 2025 revenue was $6.03 billion, a 2% increase from $5.89 billion in 2024.
Q4 2025 Adjusted EBITDA increased 8% to $278.7 million, with full-year Adjusted EBITDA up 5% to $1.17 billion.
The Board authorized a $350 million expansion of the share repurchase program, adding to the approximately $250 million remaining availability as of December 31, 2025.
The company signed an agreement to acquire certain businesses of Depot Connect International (DCI) for approximately $130 million.
Full-year 2026 guidance projects Adjusted EBITDA in the range of $1.20 billion to $1.26 billion.
Full-year 2025 Adjusted Free Cash Flow was a record $509.3 million, up from $357.9 million in 2024.