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 and give 2023 guidance.
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WM boosts planned MRF and RNG spending by $590M, sees signs of inflation easing
By Cole Rosengren • Feb. 1, 2023
Volumes may be flat, and recycling values are down, but executives hope cost control measures and long-term investments will offset headwinds. They said federal regulations are driving an attractive environment for RNG projects. Read the full article ➔
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Republic says it’s ready for any economy; M&A remains a priority after spending $2.7B in 2022
By Cole Rosengren • Feb. 16, 2023
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. Read the full article ➔
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Waste Connections ends 2022 favorably despite headwinds; spent $2.3B on acquisitions
By Megan Quinn • Feb. 16, 2023
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. Read the full article ➔
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GFL says ‘exceptional year’ of growth driven by acquisitions, but M&A expected to slow in 2023
By Katie Pyzyk • Feb. 22, 2023
Getting the first RNG plants online is a priority this year, executives said. Strong earnings are expected in 2023, although volume predictions are conservative considering economic uncertainty. Read the full article ➔
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Casella previews ‘robust’ year of pricing to offset inflation; notes more acquisitions ahead
By Megan Quinn • Feb. 17, 2023
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. Read the full article ➔
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Major solid waste and recycling companies spent nearly $6.3B on acquisitions in 2022
By Cole Rosengren • March 8, 2023
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. Read the full article ➔
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Waste companies shake off lackluster Q4 commodity prices with recycling investment plans for 2023
By Megan Quinn • March 1, 2023
While companies such as WM, Republic Services and Waste Connections saw an annual decline in overall recycling revenues, updated contract structures and ongoing MRF investments are helping their profitability. Read the full article ➔
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Stericycle touts revenue improvements, previews 2023 capital investments
By Megan Quinn • Feb. 24, 2023
CEO Cindy Miller said the company continues to grow revenues and bounce back from inflationary pressures, settlement costs and divestiture impacts in 2022. It’s looking ahead to a Nevada facility opening and other investments. Read the full article ➔
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Clean Harbors identifies incinerator, PFAS and new service sector opportunities for 2023
By Megan Quinn • March 2, 2023
Clean Harbors anticipates new business opportunities in 2023 and beyond, possibly with companies following the reshoring trend. The company’s first major leadership change in 40 years is also in the works. Read the full article ➔
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Rubicon doubles down on higher-margin software business in ongoing push to boost profitability
By Cole Rosengren • March 9, 2023
After weathering challenges and executive changes, the tech-focused waste broker projects a turnaround. In addition to noting price increases on waste accounts, Rubicon touted a software expansion for commercial fleets. Read the full article ➔
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