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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, Enviri and Stericycle.
Updated March 6, 2024 -
RSG 2023 earnings
Republic reports strong core business growth in 2023, eyes new opportunities in 2024
The company surpassed its full-year guidance as core pricing and average yield increased in the fourth quarter. Republic expects additional opportunities, including those related to PFAS, to fuel growth in 2024.
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Stericycle to continue workforce reduction plans, incinerator construction
Stericycle reported a continued focus on efficiency and cost savings during its Q4 earnings call, including more ERP system rollouts and eight divestitures.
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Textile recycler Renewcell files for bankruptcy
The Circulose fiber manufacturer was unable to secure financing following several quarters of declining sales.
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How 3 major waste companies view business opportunities from Canada’s EPR expansion
Executives from WM, GFL Environmental and Waste Connections all commented during recent earnings calls about how and where they think it’s worth pursuing contracts and investing in MRF infrastructure.
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Negotiation stalemate pushes Los Angeles to verge of rebidding commercial waste contracts
Haulers such as WM and Republic Services say they need more time to discuss a contract amendment. LA Sanitation staff and elected officials appear ready to put the whole recycLA franchise system back out to bid.
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Waste Connections acquires assets from Waste-Away Group in Indiana
The deal expands Waste Connections’ presence into the state. Waste-Away is a third-generation family business that offers collection, recycling and document destruction services in Elkhart and the surrounding areas.
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Rumpke expands into Illinois with acquisition of landfill and hauling company
Sanitation Service was a family-owned operation for more than 60 years. The company cited changes in landfill liability laws and the business environment as part of its motivation to sell to Rumpke.
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February landfill updates from WM, Republic, Waste Connections, GFL and WIN Waste
Major companies recently faced resistance to expansion, allegations about PFAS contamination and air violations and other issues in California, New Hampshire, North Carolina and Ohio.
Updated Feb. 23, 2024 -
Rubicon trims workforce, including COO, as part of profitability plan
The move is part of an ongoing effort to achieve profitability since the broker and technology company went public in 2022. At a recent event, CEO Phil Rodoni said Rubicon was at “the precipice” of becoming profitable soon.
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D.C. updates strategy to reach ‘zero waste’ by 2040, including many policy proposals
The plan extends the deadline for an 80% diversion rate to 2040. It calls for actions such as building a MRF, implementing commercial waste zones and banning certain items from disposal.
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Clean Harbors’ environmental services segment continues hot streak to end 2023
The company projects another year of growth for its environmental services segment in 2024 thanks to capital investments and acquisitions. It’s also making changes to boost its struggling Safety-Kleen business.
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GFL 2023 earnings
GFL posts record solid waste pricing, sees expansion opportunities through EPR and M&A
Continued strong pricing, combined with volume shedding of subpar contracts, contributed to margin expansion in solid waste. That trend combines with other tailwinds as GFL continues to improve its debt.
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Rheaply eyes expansion plans in multiple cities to reuse more furniture amid office rethink
The Chicago-based startup aims to bring more businesses onto its reusable materials exchange platform to divert items from disposal.
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It’s black and white: Walgreens details cap color change among sustainability efforts
The pharmacy chain's own-brand product packaging changes are among its efforts to meet 2030 targets. Parent company Walgreens Boots Alliance also touted packaging sustainability work in its 2023 ESG report.
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3 finalists for waste conversion facility named in Atlantic County, New Jersey
The finalists will benefit from the county’s waste flow ordinance, which ensures access to a waste stream that has topped 100,000 tons a year in recent years.
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CWST 2023 earnings
Casella says acquisition activity, safety improvements marked an ‘exceptional’ year
Casella touted a successful year from numerous acquisitions and operational improvements. Executives previewed further infrastructure upgrades at the Willimantic recycling facility, plus a $800M acquisition pipeline for 2024.
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Backlog at Clean Harbors’ Nebraska incinerator leads to $270K EPA fine
The EPA said that Clean Harbors’ facility had repeatedly violated environmental laws from 2021 to 2023. The facility’s capacity is expected to more than double with an expansion, which the company hopes will ease backlog issues.
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Deep Dive
5 issues to watch as New York reshapes its commercial waste system
Many questions remain about how companies were selected, how much recycling investment will occur, how soon companies get electric vehicles, when implementation will begin and more.
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SWANA comes out in support of bottle bills
The updated policy endorses container deposit systems that allow recyclers to participate, set higher deposit values and include curbside materials. It contrasts with NWRA’s general opposition to bottle bills.
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Long Beach, California, advances Bioenergy Devco plans in shift from WTE to digestion
Following negotiations, an anaerobic digester is set to replace a mass burn facility in Long Beach. The transition occurs amid significant regulatory shifts for such facilities in California over the past decade.
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WCN 2023 earnings
Waste Connections highlights ‘disciplined execution’ for Q4 and recovering labor trends
CEO Ron Mittelstaedt characterized 2023 as a “year of renewal” and applauded strong acquisition activity and improved safety and retention.
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CalRecycle director stepping down in March
Rachel Machi Wagoner will leave her role after three years in the position. The director job will be challenging to fill, industry experts say, as the agency is in the middle of implementing several high-profile laws.
Updated Feb. 15, 2024 -
Massachusetts legislature keeps multiple waste and recycling bills in play after key deadline
Bills seeking to ban certain plastic products, update the state’s bottle bill and establish extended producer responsibility laws for packaging, paint and mattresses all survived an initial committee deadline on Feb. 8.
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WM 2023 earnings
WM touts sustainability spending, ‘strong’ operations growth to wrap up Q4
Executives credited price and cost-saving measures for Q4 earnings growth and said the company will invest up to $2.9B in its recycling and renewable energy platforms through 2026.