Q3 earnings results for major waste and recycling companies
Follow the latest round of financial results from WM, Republic Services, Casella Waste Systems, Waste Connections, GFL Environmental and more.
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WM spent nearly $200M on acquisitions in Q3, outlines future potential of big ESG investments
By Cole Rosengren • Oct. 26, 2022
Recycling revenues are taking a hit, but executives said their updated contract models will provide insulation. CEO Jim Fish also shared a goal to eventually expand margins via price increases, not just recover costs. Read the full article ➔
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Republic Services pricing at record highs as it fights recycled commodity price declines and cost inflation
By Maria Rachal • Oct. 28, 2022
The company is still integrating US Ecology while returning M&A focus to solid waste and recycling. Leaders also noted in an earnings call the opportunity to work with BP, which is buying renewable natural gas projects partner Archaea. Read the full article ➔
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Waste Connections says pricing strategy helped achieve solid Q3
By Megan Quinn • Nov. 3, 2022
Higher activity in waste treatment services related to oil and gas, up 52% from last quarter, was a strong point amid inflation and “precipitous” declines in recycled commodity prices, especially for OCC, CEO Worthing Jackman said. Read the full article ➔
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GFL Q3 revenue jumps, ESG targets to come this month
By Maria Rachal • Nov. 3, 2022
GFL Environmental’s revenue bump came amid economic headwinds and notable costs related to fuel, trucks and MRF fires, as discussed on its earnings call Thursday. Read the full article ➔
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Casella reports 13 acquisitions in 2022, sees M&A opportunity in potential recession
By Cole Rosengren • Oct. 28, 2022
The Vermont-based company said its pricing and fee strategy have worked well in a tight economic environment. Executives also previewed upcoming plans for acquisition and landfill expansion spending. Read the full article ➔
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Top waste companies spent $1.1B on Q3 acquisitions, with more to come
By Cole Rosengren • Nov. 4, 2022
Here’s what executives at the industry’s largest companies had to say about the M&A environment this year — and how much each has spent. Read the full article ➔
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Facing falling recycled commodity prices, waste companies pivot in Q3
By Megan Quinn • Nov. 4, 2022
After enjoying increasing recycled commodity values for the first half of 2022, industry operators faced major commodity price declines. Read the full article ➔
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Clean Harbors names co-CEOs in first major leadership change since its founding
By Maria Rachal • Nov. 2, 2022
Founder Alan McKim, who has led the environmental services company for 42 years, said he’ll still help drive M&A strategy and will pass off current responsibilities to multiple leaders. Read the full article ➔
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Rubicon pledges ‘progress to profitability’ and shares plans to grow company’s earnings potential
By Cole Rosengren • Nov. 10, 2022
In Rubicon’s first earnings call since going public and seeing its founder step down, CEO Phil Rodoni named “profitability as the core tenet of our strategy and corporate culture going forward” and announced a new company president. Read the full article ➔
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Archaea revenue grows, RNG output rises ahead of sale to BP
By Cole Rosengren • Nov. 14, 2022
The Texas-based company, which specializes in creating energy from gas at landfills and other sites, continues to ramp up operations. A date has also been set for shareholders to approve its $4.1 billion sale to BP. Read the full article ➔
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PureCycle touts upcoming PP facility in Ohio but reports challenges at Georgia and Florida locations
By Megan Quinn • Nov. 11, 2022
During its Q3 earnings call, the polypropylene recycler said its flagship location will open next year, but funding or environmental justice concerns could complicate plans at other locations. Read the full article ➔
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