
Q1 earnings results for major waste and recycling companies in 2025
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems and Clean Harbors.
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Top 5 waste companies spent nearly $1.5B on M&A in Q1
By Cole Rosengren • May 7, 2025Republic Services’ purchase of Shamrock Environmental led spending for the quarter. Other notable deals include Waste Connections’ purchase of Atlantic Coast Recycling in New Jersey. Read the full article ➔
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WM says tariffs unlikely to affect RNG, MRF plans for 2025
By Megan Quinn • April 29, 2025CEO Jim Fish said the quarter exceeded expectations, despite severe weather. The company also reported ongoing progress as it integrates the Stericycle assets. Read the full article ➔
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Republic posts strong start to year amid ambiguity around credits, tariffs
By Jacob Wallace • April 25, 2025The company reported financials for the first quarter of the year. Executives said their sustainability projects and underlying business were on solid financial footing in Q1 despite macroeconomic uncertainty. Read the full article ➔
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Waste Connections highlights ‘better than expected’ Q1 amid tariff uncertainty
By Megan Quinn • April 24, 2025CEO Ron Mittelstaedt said strong pricing and “outsized” M&A activity continues. The company reiterated its Q2 outlook and said it’s planning to insulate from macroeconomic factors like tariffs. Read the full article ➔
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GFL plans to build on existing post-collection asset footprint amid M&A push
By Jacob Wallace • May 1, 2025Executives said the company is on track to meet or exceed the high end of their acquisitions guidance this year, fueled by proceeds from the sale of GFL’s environmental services business. Read the full article ➔
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Casella notes positive Q1, recycling efficiencies and insulation from tariffs
By Megan Quinn • May 2, 2025Casella also noted four acquisitions so far in 2025 and plans to continue internalizing more landfill tons and updating fleets. Read the full article ➔
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Clean Harbors exec says Safety-Kleen business ‘has turned a corner’
By Jacob Wallace • April 30, 2025Co-CEO Mike Battles said other used oil collectors are following Clean Harbors’ lead on a charge-for-oil model, keeping volumes stable. Elsewhere, executives remain optimistic about the business amid an uncertain economy. Read the full article ➔
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