Q2 earnings results for major waste and recycling companies
Follow the latest results from Republic Services, WM, GFL Environmental, Casella, Stericycle and more as they release their midyear earnings reports.
-
WM lowers 2023 guidance due to commodity prices but reports ‘solid results’ despite headwinds
By Megan Quinn • July 26, 2023
WM CEO Jim Fish said he was pleased with how the company managed inflation, commodity and volume headwinds to end the second quarter. Read the full article ➔
-
Republic expects higher revenues amid plans for polymer centers, environmental solutions growth
By Jacob Wallace • Aug. 1, 2023
Republic Services’ leaders shared new details about its polymer centers and continued integration of US Ecology, but noted it may have found the ceiling for price increases in certain markets. Read the full article ➔
-
Waste Connections caps Q2 with acquisition of Arrowhead waste-to-rail network
By Megan Quinn • Aug. 3, 2023
Waste Connections sees Arrowhead’s rail-served MSW landfill in Alabama as “one of our most strategic assets” to open up more integration and M&A opportunities in the Northeast. Read the full article ➔
-
GFL Environmental raises 2023 guidance, pays down debt after divestitures
By Jacob Wallace • July 27, 2023
The Canada-based company is using higher-than-expected proceeds from three separate asset sales to improve its leverage ratio and invest more in sustainability projects. Read the full article ➔
-
Casella raises revenue guidance; net income takes hit with one-time costs
By Megan Quinn • July 28, 2023
The $525M deal to acquire GFL assets, along with other recently completed acquisitions, are now reflected in Casella's updated guidance. A separate deal to acquire Twin Bridges is under attorney general review. Read the full article ➔
-
Clean Harbors sees opportunity in PFAS as environmental solutions segment buoys growth
By Jacob Wallace • Aug. 2, 2023
Executives said a recent Department of Defense announcement that it would resume PFAS incineration validates the company’s earlier work on the material and represents a significant growth opportunity. Read the full article ➔
-
Stericycle meets debt leverage ratio goal, maintains 2023 guidance
By Megan Quinn • July 27, 2023
The company also continues to divest from international businesses and says it’s moving toward “greater investment flexibility” in the future. Read the full article ➔
-
Large waste companies spent nearly $2B on acquisitions through Q2
By Cole Rosengren • Aug. 10, 2023
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared M&A outlooks for the rest of 2023. Read the full article ➔
Recommended Reading
- Q1 earnings results for major waste and recycling companies By Waste Dive Staff • Updated May 23, 2023
