The company now expects 9% EBITDA growth this year, up from 5%, driven by PFAS remediation and base oil pricing strength.
Clean Harbors raised its full-year EBITDA growth forecast to about 9%, from 5% previously, after a stronger-than-expected first quarter. The revision reflects broad-based strength across most business lines, though industrial services remain weak.
Management highlighted PFAS remediation as a key growth driver, projecting 25% to 35% revenue growth in 2024. Regulatory support for incineration as a disposal method is expected to bolster margins over time. Base oil pricing and captive incinerator discussions also contributed to the outlook upgrade.
Despite the positive guidance, executives noted the stock’s reaction was disappointing. Potential turnaround activity improvements may not materialize until late 2026 or early 2027.