★ Analysts see FY2026 revenue reaching $6.5B — +8.3% growth in a single year.
What Moves the Stock
01Hazardous waste volumes and incineration utilization rates (target 80-85% for optimal margins)
02Base oil spreads and re-refined oil pricing in Safety-Kleen segment, driven by crude oil price differentials
03Industrial production activity driving plant turnarounds, maintenance spending, and emergency response demand
04M&A activity and facility permitting progress expanding disposal capacity in constrained markets
05Pricing realization on contract renewals, particularly in Environmental Services where 3-5 year contracts reset
06Environmental Services (~65% of revenue): hazardous waste disposal, incineration, landfill operations, and TSDF (treatment, storage, disposal facility) services with long-term contracts
07Safety-Kleen (~35% of revenue): parts washer services, oil re-refining, vacuum services, and containerized waste collection serving automotive and industrial customers
08Emergency response and industrial cleaning services providing high-margin project work during plant turnarounds and environmental incidents
value - The stock trades at reasonable multiples (2.5x P/S, 13.7x EV/EBITDA) relative to essential infrastructure assets with regulatory…
Low direct impact as debt/equity of 0.10 indicates minimal leverage and limited refinancing risk.
Watch on earnings: Industrial Production Index (INDPRO) as leading indicator for hazardous waste generation and turnaround activity, WTI crude oil prices and base oil spreads affecting Safety-Kleen re-refining margins and used oil collection economics, Chemical industry capacity utilization rates driving waste volumes from manufacturing processes.
One Sentence Summary:
Clean Harbors: the story is balanced — hazardous waste volumes and incineration utilization rates (target 80-85% for optimal margins).
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.
