Clean Harbors sees FY24 adjusted EBITDA $1.05B-$1.11B

The company said, “Adjusted EBITDA in the range of $1.05 billion to $1.11 billion or a midpoint of $1.08 billion, which represents 7% growth year-over-year. This guidance assumes no contribution from the previously announced acquisition of HEPACO. This Adjusted EBITDA range is based on anticipated GAAP net income in the range of $365 million to $415 million. Adjusted free cash flow in the range of $340 million to $400 million, or a midpoint of $370 million, which includes approximately $65 million of spending related to the Kimball incinerator and $20 million for the strategic expansion of a mid-Atlantic location. This range is based on anticipated net cash from operating activities in the range of $730 million to $820 million.”