Q3 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste, Clean Harbors and Stericycle.
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WM reports inflation headwinds are easing, shifts timing for certain sustainability projects
By Megan Quinn • Oct. 25, 2023
WM reported “strong results” in Q3, citing its pricing strategy as well as revenue growth in the collection and disposal lines and cost savings from attrition. Read the full article ➔
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Republic Services touts momentum into 2024, including Indianapolis polymer center
By Cole Rosengren • Oct. 27, 2023
CEO Jon Vander Ark said recent price increases and upcoming investments should position the company for favorable margin expansion next year. The company also shared updates on its electric vehicle infrastructure. Read the full article ➔
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Waste Connections reports Q3 growth despite costs from landfill and employee safety incidents
By Megan Quinn • Oct. 26, 2023
An ongoing odor issue at a California landfill and a slope failure in Texas could cost about $20M in Q4. Meanwhile, the company is planning employee training to reduce safety incident rates. Read the full article ➔
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GFL at ‘inflection point’ regarding debt leverage, executives say
By Jacob Wallace • Nov. 2, 2023
The Canada-based company reported slightly elevated debt numbers as it continued to engage in M&A. But executives now believe GFL has a clear path to a better ratio into next year and see more profit potential from EPR. Read the full article ➔
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Casella reports ‘pivotal and exciting’ Q3 due to recent acquisitions and strong pricing
By Megan Quinn • Nov. 3, 2023
Casella raised revenue guidance and predicted a strong Q4 due to its retrofitted Boston MRF and operations it acquired from GFL. Read the full article ➔
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Clean Harbors revises down guidance but expects better results in 2024
By Jacob Wallace • Nov. 2, 2023
A difficult year for base oil pricing has dragged down the overall business, but executives are optimistic about continued margin expansion in environmental services and the upcoming completion of a major new project. Read the full article ➔
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Stericycle announces ‘workforce reduction’ plan, lowers guidance
By Megan Quinn • Nov. 6, 2023
Stericycle expects future efficiencies from its new ERP system but is facing headwinds from commodity volatility. It also divested businesses in the Netherlands and UAE. Read the full article ➔
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Leading waste and recycling companies spent $986M on M&A in Q3
By Cole Rosengren • Nov. 7, 2023
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared their outlooks on the deal environment heading into 2024. Read the full article ➔
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Rubicon marks progress 1 year after profitability plan, including contract with Austin, Texas
By Cole Rosengren • Nov. 9, 2023
The waste broker and technology company said it has reduced expenses by $55 million on an annualized basis, among other trends that executives described as promising. Earnings are still on track to turn positive in Q4. Read the full article ➔
Recommended Reading
- Q2 earnings results for major waste and recycling companies By Waste Dive Staff • Updated Aug. 10, 2023
