Clean Harbors Announces Fourth Quarter and Year End Results.

BRAINTREE, Mass.--(BUSINESS WIRE)--Jan. 31, 1996---Clean Harbors, Inc. (NASDAQ:CLHB) today announced its results for the fourth quarter and year ended December 31, 1995.

Revenues for the fourth quarter were $52,803,000 with a net loss of $5,306,000 or $(.57) per common share, after a $4,247,000 nonrecurring charge during the quarter, as compared to revenues of $52,847,000 with a net loss of $1,235,000 or $(.14) per common share for the prior year, which included a $1,035,000 nonrecurring charge. See Note 1 to the Consolidated Statements of Income below.

Revenues for the year 1995 set a new Company record of $209,250,000 with a net loss of $6,893,000 or $(.77) per common share, as compared to revenues of $207,073,000 with income, before an extraordinary loss related to early retirement of debt, of $1,695,000 or $.13 per common and common equivalent share, and net income of $475,000 or $.00 per common and common equivalent share after the extraordinary item for the year 1994. See Note 2 to the Consolidated Statements of Income below.

Alan S. McKim, Chairman and CEO, said: "A significant portion of our loss in 1995 resulted from reduced pricing in the marketplace; start-up losses at our hazardous waste incinerator in Kimball, Nebraska, and our expanded Chicago waste treatment facility; and the costs of our two-year long reengineering effort. We believe pricing has stabilized in our market areas and that the Kimball and Chicago facilities will be accretive to earnings in 1996."

"Through reengineering, which began in January 1994, we have significantly reduced our cost structure while improving our service quality and competitiveness in the marketplace. Our reengineering and cost control efforts have identified over $10,000,000 in cost reductions which will be realized in 1996. These savings will be achieved through introducing new computer systems to strengthen our business processes, exiting non-core businesses, and reducing both the number of offices and the amount of space we rent. We are confident that cost reductions will enable our Company to return to profitability in 1996. We are now positioned to reap the benefits of major investments during the past two years in expanding our product lines and service capabilities."

The nonrecurring charge of $4,247,000 resulted primarily from the reengineering program, which identified more efficient methods of servicing customers as well as certain assets and field locations which are no longer integral to the Company's operations. Included in the charge are $2,400,000 of non-cash items. Since September 1995, the Company has resized its workforce to reflect these operational changes, and reduced its rental of corporate offices and satellite field service locations by approximately $1,160,000 per year. In addition to the $10,000,000 in cost reductions, the Company will realize expected net cash savings of $3,300,000, primarily from the tax savings of the nonrecurring charge and the sale of certain office and maintenance facilities.

The principal services provided by the Company fit within three categories: treatment and disposal of industrial wastes; field services provided at customer sites; and specialized repackaging, treatment and disposal services for laboratory chemicals and household hazardous wastes ("CleanPack Services").

                           Revenues By Product Line
                           (in thousands; unaudited)
                 ----------------------------------------------
                        Quarter Ended 12/31              Full Year
                        -------------------         ------------------
Type of Service            1995       1994            1995       1994
---------------          -------    -------         -------    -------

Treatment and Disposal   $22,984    $23,696         $92,005   $ 84,523

Field Services            22,727     22,501          87,898     94,360

CleanPack Services         7,092      6,650          29,347     28,190
                         -------    -------        --------   --------
      Total              $52,803    $52,847        $209,250   $207,073

    Clean Harbors, Inc. provides a wide range of industrial waste
management services to a diversified customer base across the United
States.  The Company is one of the largest providers of industrial
waste management services in the Northeast and Mid-Atlantic regions,
with a growing presence in the Central, Midwest, and Southern
regions.  The Company currently has service centers and sales offices
located in 24 states and Puerto Rico, and operates 12 waste
management facilities.

                                  Clean Harbors, Inc.
                          Service Center Revenues By Region
                   For The Eight Quarters Ended December 31, 1995
                              (in thousands; unaudited)

                  -----------------------1994-----------------------
                  3/31/94   6/30/94   9/30/94  12/31/94    Full Year
                  -------   -------   -------  --------    ---------

     Northeast    $17,216   $20,703   $23,012   $21,460      $82,391

     Mid-Atlantic  21,382    16,602    15,689    17,188       70,861

     Central        6,413     6,678     8,084     8,672       29,847

     Midwest        6,274     5,700     6,473     5,527       23,974
                  -------   -------   -------   -------     --------
           Total  $51,285   $49,683   $53,258   $52,847     $207,073

                  -----------------------1995-----------------------
                  3/31/95   6/30/95   9/30/95  12/31/95    Full Year
                  -------   -------   -------  --------    ---------

     Northeast    $19,693   $21,449   $20,275   $21,362      $82,779

     Mid-Atlantic  15,367    16,817    17,317    16,817       66,318

     Central        7,138     9,450     9,388     8,936       34,912

     Midwest        4,952     7,183     7,418     5,688       25,241
                  -------   -------   -------   -------     --------
           Total  $47,150   $54,899   $54,398   $52,803     $209,250

-0-

                             Clean Harbors, Inc.
                      Consolidated Statements of Income
                    (in thousands, except per share data)

                             Three months ended
                                December 31,       Twelve months ended
                             ------------------        December 31,
                               1995      1994      -------------------
                                 (unaudited)         1995       1994
                             --------  --------    --------   --------
Revenues.....................$ 52,803  $ 52,847    $209,250  $207,073

Cost of revenues.............. 41,307    39,368     156,779   146,132

Selling, general and
  administrative expenses.....  9,826    10,008      39,574    38,910

Depreciation and amortization
  of intangible assets........  2,529     2,553      10,081    10,250

Nonrecurring charges--Note 1..  4,247     1,035       4,247     1,035
                              --------  --------    --------  -------

Income (loss) from operations. (5,106)     (117)     (1,431)   10,746

Interest expense (net)........  2,195     1,904       8,657     7,432
                              --------  --------    --------  -------
Income (loss) before provision
  for income taxes and
  extraordinary item.......... (7,301)   (2,021)    (10,088)    3,314

Provision (benefit)
  for income taxes............ (1,995)     (786)     (3,195)    1,619
                              --------  --------    --------  -------
Income (loss) before
  extraordinary item.......... (5,306)   (1,235)     (6,893)    1,695

Extraordinary loss related to
  early retirement of debt,
  net of income tax benefit
  of $823,000--Note 2.........    --         --         --      1,220
                              --------  --------    --------   -------
     Net income (loss)........$(5,306)  $(1,235)   $ (6,893)  $   475
                              ========  ========    ========   =======
Net income (loss) per common
  and common equivalent share
  before extraordinary item... $ (.57)   $ (.14)     $ (.77)    $ .13
                               =======   =======     =======    =====

Extraordinary item............    --        --          --      $(.13)
                               =======   =======     =======    ======
Net income (loss) per common
  and common equivalent share. $ (.57)   $ (.14)     $ (.77)    $ .00
                               =======   =======     =======    =====
Weighted average common
  and common equivalent
  shares outstanding (000's)..  9,529     9,538       9,475     9,635
                                =====     =====       =====     =====

Note 1--Nonrecurring Charge

    During the fourth quarter of 1995, the Company recorded a
$4,247,000 nonrecurring charge in connection with the reengineering
of the Company's operations and the write down of non-performing
assets, as well as the anticipated losses on the sale of certain
non-core properties.  Under the reengineering program, the Company
has closed or downsized small, satellite offices; reduced employment
levels; downsized and relocated its analytical laboratory; and will
be relocating its corporate headquarters to a new location in
Braintree, Massachusetts in the Spring of 1996.  The components of
the nonrecurring charge are as follows:

               Severance and related costs           $ 1,097,000
               Write-off of non-performing asset       1,110,000
               Real estate related expenses            2,040,000
                                                     -----------
                                                     $ 4,247,000

    During the fourth quarter of 1994, the Company renegotiated its
lease on its corporate headquarters in Quincy, Massachusetts, such
that the lease would terminate on or before December 31, 1995.  In
addition, the Company has vacated laboratory space it rents in
Bedford, Massachusetts, and is subleasing the space.  As a result,
the Company recorded a one-time, noncash charge of $1,035,000 before
taxes for the write-off of leasehold improvements at the two
locations.

Note 2--Extraordinary Item

    During the third quarter of 1994, the Company completed a public
offering of $50 million of Senior Notes, and used the net proceeds to
prepay substantially all of the Company's debt.  The refinancing
resulted in approximately $2,043,000 of expense relating to the early
retirement of the outstanding debt, and an extraordinary charge of
$1,220,000 ($.13 per share), net of income tax benefit, for
redemption premiums paid to the holders of the prepaid debt and for
the write-off of deferred financing costs.

CONTACT: Stephen H. Moynihan, Vice President and Treasurer

[phone] ext. 4454