Inflation and labor were also cited as notable challenges during recent reports. Catch up on our takeaways from key public companies.
The U.S. waste and recycling industry's largest public companies recently reported third-quarter earnings results that reflected continuing signs of economic recovery, but also some notable headwinds from inflation and staffing challenges. Many also called out heightened M&A activity, with expectations for that to continue into 2022.
Catch up on results and takeaways from Waste Management, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems.
Casella, GFL, Republic, Waste Connections and Waste Management addressed the impact of labor constraints on their ability to take on new business, the role of automation, and related pricing changes and costs. Read the full article ➔
The company raised revenue guidance again but faced a challenging quarter. During one recent week an estimated 900 employees were out due to COVID-19 at the same time as volumes increased due to the economic rebound. Read the full article ➔
The company is also making investments in landfill gas projects and expanding its environmental solutions business as it caps off a quarter that saw some volumes exceed pre-pandemic levels. Read the full article ➔
The company upped its outlook thanks to economic recovery trends and M&A but reported inflationary pressures. CEO Worthing Jackman also described potential vaccine mandates as a notable labor headwind. Read the full article ➔
Having acquired assets worth an estimated C$735 million in annual revenue to date, GFL intends to keep up its pace for the foreseeable future and raised 2021 guidance. Read the full article ➔
