Q2 earnings results for major waste and recycling companies
Catch up on the latest round of financial results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Stericycle.
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Recession or not, waste and recycling companies say outlooks remain strong
By Cole Rosengren, Maria Rachal and Megan Quinn • Aug. 8, 2022
Regardless of the direction of the economy, industry execs on earnings calls pointed to waste volume trends, wage rates, price increase acceptance, and experience with past downturns to express confidence. Read the full article ➔
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Public waste companies have spent nearly $3.9B on M&A so far this year
By Cole Rosengren • Aug. 10, 2022
WM plans to get back in the mix with a greater level of spending, while Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems remain quite active. Read the full article ➔
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Q2 recycling report: Commodity price peak may have subsided, MRF upgrades an ongoing priority
By Cole Rosengren and Megan Quinn • Aug. 3, 2022
Follow the latest insights about market trends and investment priorities from executives at WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems. Read the full article ➔
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WM raises 2022 guidance, plans to restart notable M&A spending
By Cole Rosengren • July 27, 2022
CEO Jim Fish said during the company’s July 27 earnings call that even if an economic slowdown occurs, WM is well-positioned to gain market share. New investments in RNG projects and MRF automation are also progressing. Read the full article ➔
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Republic Services eyes $600M in 2022 acquisition spending outside of US Ecology
By Maria Rachal • Aug. 5, 2022
With the recently purchased environmental solutions business delivering on planned cost savings, Republic’s future pipeline will focus primarily on recycling and solid waste transactions, execs said during their earnings call. Read the full article ➔
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Waste Connections expects to acquire at least $470M in revenue this year, pricing drives Q2 results
By Megan Quinn • Aug. 3, 2022
CEO Worthing Jackman previewed what he estimates will be “double-digit revenue growth in 2023” due to further M&A activity, solid waste pricing increases and revenues from E&P waste services. Read the full article ➔
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GFL Environmental largely overcomes inflation through pricing and fuel charges, raises 2022 revenue guidance
By Cole Rosengren • July 28, 2022
Executives outlined ongoing efforts to recover direct fuel costs, similar to existing programs by major competitors, and shared an updated outlook on acquisition strategy given the inflationary environment. Read the full article ➔
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Casella hits $1B in annual revenue, updates guidance for second time this year
By Megan Quinn • Aug. 1, 2022
CEO John Casella attributed the “best quarter in company history” to pricing programs that covered cost inflation and growth from 11 acquisitions this year. Recycling and disposal capacity projects are also progressing. Read the full article ➔
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Clean Harbors says industrial reshoring is helping waste pipeline, reports Georgia acquisition
By Cole Rosengren • Aug. 3, 2022
The environmental services company saw significant growth in its latest results, touting signs it thinks will continue in the months ahead. During their earnings call, executives also discussed capacity expansion, PFAS and ESG impacts. Read the full article ➔
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Stericycle bounces back in Q2 after slow start to the year
By Megan Quinn • Aug. 5, 2022
CEO Cindy Miller says a stronger labor pool, pricing levers and new infrastructure efficiency projects such as an automated sharps processing system will help improve business for the rest of 2022. Read the full article ➔
Recommended Reading
- Q1 earnings results for major waste and recycling companies By The Waste Dive Team • Updated May 6, 2022
