Q1 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems and Clean Harbors as they kick off 2023 earnings.
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WM sees more cost cutting opportunities through labor attrition, new truck deliveries
By Megan Quinn • April 27, 2023
The industry’s largest company saw increased expenses during Q1 but remains confident in hitting its annual guidance through pricing and cost reduction efforts. Executives also previewed an upcoming Toronto MRF project. Read the full article ➔
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Republic sees growing returns from US Ecology acquisition, eyes additional M&A opportunities
By Jacob Wallace • April 28, 2023
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. Read the full article ➔
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Waste Connections anticipates another busy M&A year as Mittelstaedt outlines long-term plans
By Cole Rosengren • April 27, 2023
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. Read the full article ➔
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GFL Environmental CEO says company is ‘just getting started’ after record pricing, divestiture plans
By Cole Rosengren • April 28, 2023
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. Read the full article ➔
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Casella sees ‘significant’ Mid-Atlantic expansion opportunities after GFL deal
By Megan Quinn • April 28, 2023
Casella offered more details on its pending acquisition of GFL assets in three new states, including plans to internalize volumes at its forthcoming McKean Landfill site in Pennsylvania. Read the full article ➔
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Clean Harbors says disposal demand and $110M Thompson Industries deal position it well for 2023
By Megan Quinn • May 5, 2023
The company touted strong performance in its Environmental Services segment, high disposal demand and improving incinerator utilization, which it hopes will even out cost pressures in the more challenged Safety Kleen sector. Read the full article ➔
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Rubicon sees ‘record high’ profit margin as its efforts continue to bolster company finances
By Cole Rosengren • May 23, 2023
While the company is still working to complete a refinancing plan and improve liquidity, executives said the high-margin software business and their price increase plans will further improve earnings by Q4. Read the full article ➔
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