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Clean Harbors Inc . (NYSE:CLH), a leader in hazardous waste management with a market capitalization of $12.2 billion and strong financial health according to InvestingPro analysis, announced the outcomes of its 2025 Annual Meeting of Shareholders held on Wednesday. The company, which generated nearly $6 billion in revenue over the last twelve months and maintains a healthy current ratio of 2.37, continues to demonstrate solid operational performance. The meeting saw the election of five Class III members to the company’s Board of Directors, who will serve until the 2028 annual meeting. Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers and ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
The election of directors resulted in Michael L. Battles, Eric W. Gerstenberg, Andrea Robertson, Lauren C. States, and Robert J. Willett securing their positions with substantial majority votes in their favor. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 12 additional exclusive tips and a detailed Pro Research Report, helping you make more informed investment decisions. The advisory approval of executive compensation passed with over 45 million votes for and approximately 2 million against. The ratification of Deloitte & Touche LLP as the company’s auditor for the upcoming fiscal year received an overwhelming majority of the votes, with over 48 million for and around 1.2 million against.
The meeting, which had a quorum of 49,747,173 shares of common stock present or represented, was detailed in a definitive proxy statement filed with the Securities and Exchange Commission on April 11, 2025. All proposals were outlined in this document prior to the meeting. The company’s SEC filing also included the election results, with the number of votes for, withheld, and broker non-votes provided for each director nominee.
This information is based on the latest SEC filing by Clean Harbors Inc.
In other recent news, Clean Harbors Inc. reported its first-quarter 2025 earnings, revealing a mixed financial performance. The company exceeded earnings per share (EPS) expectations with $1.09 compared to the forecast of $1.07, but revenue fell short at $1.43 billion against an expected $1.45 billion. Despite the revenue miss, Clean Harbors maintained a strong cash position with nearly $600 million in cash and marketable securities. BMO Capital Markets raised its price target for Clean Harbors from $260 to $264, maintaining an Outperform rating, citing robust demand and pricing power as positive factors.
The firm also pointed out the company’s solid balance sheet as a potential advantage for mergers and acquisitions. Clean Harbors is expected to benefit from ongoing cleanup efforts related to per- and polyfluoroalkyl substances (PFAS) and the expansion of industrial capacity in the United States. The company projects its adjusted EBITDA for 2025 to be between $1.150 billion and $1.210 billion, indicating a 6% annual growth. Clean Harbors continues to see growth in its environmental services segment, with adjusted EBITDA reported at $235 million for the quarter. Additionally, the company is optimistic about its strategic partnerships and the potential for future profitability in its oil re-refining segment.
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