Clean Harbors Presents Growth Targets For 2027, CEO Alan McKim To Become CTO

(RTTNews) - Clean Harbors, Inc. (CLH), while announcing five-year vision 2027 growth targets on Wednesday, the company said it expects to generate 2027 adjusted EBITDA of ~$1.4 billion and adjusted free cash flow of ~$600 million. This projection is based on expected revenue growth of 100-300 basis points above U.S. GDP and expected adjusted EBITDA growth of 200-300 basis points above revenue growth.

The company looks ahead to a model combining both organic growth and acquisitions.

The company plans to invest in acquisitions using a mix of cash and debt that enables the company to maintain a net debt leverage of ~2.0X.

As part of a planned transition, Clean Harbors Founder Alan McKim will step down as president and CEO on March 31 and will become the executive chairman and chief technology officer.