Q1 earnings results for major waste and recycling companies

Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Rubicon as they kick off 2023 earnings.

By Waste Dive Staff • Updated May 23, 2023

GFL Environmental CEO says company is ‘just getting started’ after record pricing, divestiture plans

Coming off a record quarter for pricing, along with positive growth in multiple lines of business, GFL touted momentum in its latest earnings report. On M&A, CEO Patrick Dovigi said he sees new opportunities for at least the next decade.

By Cole Rosengren • April 28, 2023

Republic sees growing returns from US Ecology acquisition, eyes additional M&A opportunities

CEO Jon Vander Ark said the environmental solutions business was exceeding expectations, and he sees continued opportunity for growth through cross-selling and pricing increases.

By Jacob Wallace • April 28, 2023

Waste Connections anticipates another busy M&A year as Mittelstaedt outlines long-term plans

In his first report since returning as CEO, Ron Mittelstaedt shared updates on labor, inflation and M&A. Amid ongoing economic uncertainty, executives said they’ve already locked in price increases for a majority of business.

By Cole Rosengren • April 27, 2023

New York’s Brookhaven Landfill is closing soon. Is Long Island ready?

A prime destination for incinerator ash and C&D will soon be out of capacity. Winters Bros. Waste Systems has acquired rail transfer assets with plans to build a new site and is looking to play a lead role in the region’s next chapter.

By Cole Rosengren • April 26, 2023

Casella Waste to acquire $525M worth of GFL assets in 3 states

Pending regulatory approval, the transaction would mark a major collection expansion for the Northeastern company into a region where it had already been developing new landfill capacity.

By Cole Rosengren • April 24, 2023

Covanta enters deal with Kinderhook to acquire Circon, its largest acquisition in decades

The private equity-backed firm is adding more than 20 facilities to its portfolio, expanding its geographic reach as well as its environmental services business.

By Jacob Wallace • April 3, 2023

RTS acquires RecycleSmart, Canada’s largest waste broker

The purchase of RecycleSmart and its Pello sensor technology is the latest in a series of deals by RTS and part of a broader trend in the broker space.

By Cole Rosengren • March 30, 2023

Republic Services acquires first anaerobic digester as California organics recycling market heats up

The facility, located about 70 miles north of Sacramento, allows the company to further vertically integrate its collection services. Republic has been scaling its infrastructure as the state mandates organics recycling.

By Jacob Wallace • March 27, 2023

Rubicon CEO on the company’s next chapter and the challenges of going public

Phil Rodoni, previously chief technology officer, took the helm during an eventful period for the company. He discusses Rubicon’s efforts to become profitable, grow its software business and compete in the sector.

By Cole Rosengren • March 22, 2023

CARDS Recycling acquired by private equity firm Kinderhook Industries

The Arkansas-based hauler and transfer station operator, which was founded in 2017, has expanded to reach five states via acquisitions. An influx of private equity capital is expected to accelerate that growth.

By Cole Rosengren • March 20, 2023

GreenWaste CEO envisions ‘stronger presence’ for company in California following private equity investment

Over a year after selling to a Macquarie fund, CEO Tracy Adams reports a “great partnership.” He discusses the company’s targeted acquisition strategy, the state’s SB 1383 organics recycling law and more.

By Cole Rosengren • March 16, 2023

WM acquires large Minnesota composting company as part of Midwest organics recycling growth

WM says its purchase of Specialized Environmental Technologies positions the company to meet rising demand in the Twin Cities area, where local policies are requiring diversion.

By Megan Quinn • March 13, 2023

Major solid waste and recycling companies spent nearly $6.3B on acquisitions in 2022

The multiyear trend of heightened deal spending continues. Catch up on financial details and 2023 M&A outlooks from WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems.

By Cole Rosengren • March 8, 2023

Waste Harmonics CEO sees company at an ‘inflection point’ as it grows with latest acquisition

The company, which provides third-party services and tech offerings, is pacing ahead of growth targets set during a private equity recapitalization as ESG drives customers to want more data, says CEO Michael Hess.

By Cole Rosengren • Feb. 24, 2023

Casella previews ‘robust’ year of pricing to offset inflation; notes more acquisitions ahead

The Vermont-based company reported favorable Q4 results. Executives also previewed upcoming RNG projects, investment in a rail-served landfill and further growth through acquisitions.

By Megan Quinn • Feb. 17, 2023

Q4 earnings results for major waste and recycling companies

Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors, Stericycle and Rubicon as they close out 2022 reports and give guidance for 2023.

Updated March 9, 2023

Waste Connections ends 2022 favorably despite headwinds; spent $2.3B on acquisitions

Waste Connections executives expect a strong start to 2023 due to anticipated acquisitions activity, as well as minor improvements in recycled commodity and energy credit values.

By Megan Quinn • Feb. 16, 2023

Republic says it’s ready for any economy; M&A remains a priority after spending $2.7B in 2022

Executives said they anticipate growing revenue potential from the company’s environmental solutions division. The company also previewed upcoming plastic recycling center investments and acquisition plans.

By Cole Rosengren • Feb. 16, 2023

RTS acquires Cycle in effort to broaden reverse vending systems at sports stadiums and events

Recycle Track Systems will offer Cycle’s RVMs as part of its expanding stadium and recycling rewards business. The companies recently debuted a new machine at the Super Bowl.

By Megan Quinn • Feb. 15, 2023

Waste and recycling industry leaders discuss the operational impact of corporate ESG trends

LRS CEO Alan Handley and Vanguard Renewables Chief Sustainability Officer David Darr recently joined Waste Dive for a live discussion about investment trends, sustainability reporting, customer expectations and more.

By Waste Dive Staff • Feb. 15, 2023

Sonoco reports ‘pivotal year’ of growth driven by consumer packaging demand and M&A

During a recent earnings call, CEO Howard Coker touted the importance of the company’s metal packaging acquisition — its largest ever — and why he thinks it “feels like we are in a recession.” 

By Katie Pyzyk • Feb. 13, 2023

BP CEO describes Archaea acquisition as a ‘game changer’ for boosting biogas volumes

In their first earnings call since completing the purchase of a leading landfill gas project developer, BP executives outlined plans to ramp up capital spending and pursue new offtake options for the Archaea platform.

By Cole Rosengren • Feb. 8, 2023

Denali Water Solutions promotes Todd Mathes to CEO

The fast-growing organics recycler's founder and previous CEO, Andy McNeill, will focus on long-term strategy and acquisitions as the private equity-backed company continues to expand.

By Cole Rosengren • Feb. 7, 2023

WestRock notes global paper market headwinds but touts sustainability investments as growing opportunity

WestRock reported lower Q1 income and withdrew full-year guidance due to market uncertainty. CEO David Sewell said increased packaging revenue and a focus on plastic packaging replacement projects are positive signs, however.

By Megan Quinn • Feb. 2, 2023