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Clean Harbors, Inc. (CLH) Presents at 28th Annual Needham Growth Conference Transcript


Clean Harbors, Inc. (CLH) 28th Annual Needham Growth Conference January 13, 2026 10:15 AM EST

Company Participants

Michael Battles – Co-CEO, Co-President & Director

Conference Call Participants

James Ricchiuti – Needham & Company, LLC, Research Division

Presentation

James Ricchiuti
Needham & Company, LLC, Research Division

Good morning. We’re going to — first of all, welcome to the 28th Annual Needham Growth Conference. The next presentation is a fireside with Clean Harbors. Pleased to have with us today from the company, the Co-CEO, Mike Battles. And we also have in the front row, Jim Buckley, who is SVP, Investor Relations, Corporate Communications. My name is Jim Ricchiuti, Senior Analyst in the Equity Research Department at Needham, covering companies in the industrial technology space.

I think most of the audience is familiar with Clean Harbors. So Jim, Mike, thanks for joining us at the Needham Growth Conference.

Question-and-Answer Session

James Ricchiuti
Needham & Company, LLC, Research Division

So why don’t we start off by recapping what occurred through the first 9 months of ’25. Probably fair to say that the year, and this is not always a surprise for companies, didn’t go exactly as planned with full year adjusted EBITDA guidance narrowing as the year progressed. What were some — Mike, what were some of the puts and takes that led to the tightening of that range towards the lower end?

Michael Battles
Co-CEO, Co-President & Director

Yes. So first of all, thanks, Jim, for having us. Thanks for the Needham Group to have us. It’s really quite an honor to come here and present. And I really like this time of year, it forces me as the CEO of the company — co-CEO of the company to reflect on the year and think about 2026. And so having this conference as a way to force you to kind of the forcing



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