Q2 earnings results for major waste and recycling companies in 2024

Follow the latest results from WM, Republic Services and Waste Connections.

By Waste Dive Staff • July 25, 2024

WM highlights M&A ramp-up, investments in recycling and RNG

WM highlighted continued operational efficiencies and receding commodity headwinds as factors powering what executives described as a strong Q2 performance. 

By Megan Quinn • July 25, 2024

Waste Connections touts big M&A growth, ramps up rail tons to Arrowhead Landfill

CEO Ron Mittelstaedt said the company is on track for an annual record in private company acquisition spending. He also touted ongoing improvements in employee retention, recycling earnings and energy waste services.

By Cole Rosengren • July 25, 2024

Volvo to receive $208M to accelerate heavy-duty electric truck production at Mack plants

The funds will modify plants in Maryland, Pennsylvania and Virginia, where Mack and Volvo will produce new equipment or powertrain components.

By David Taube • July 24, 2024

Waste Pro recieves first credit rating from Fitch as it charts long-term growth plans

Fitch noted Waste Pro’s strong presence in the Southeast and its residential and commercial contract stability. Waste Pro sought the new rating as it aims to refinance debt.

By Megan Quinn • July 23, 2024

Terex announces $2B deal for Environmental Solutions Group

The deal values Environmental Solutions Group, which includes brands like Heil and Soft-Pak, at 8.4 times its expected earnings for the year. Terex noted expected growth in the refuse vehicle market as one of its motivations.

By Jacob Wallace • Updated July 22, 2024

Pay rose for multiple waste and recycling CEOs in 2023, especially GFL

See the latest compensation data for executives at WM, Republic Services, Waste Connections, GFL Environmental, Clean Harbors, Stericycle, Enviri and Casella Waste Systems in our sixth annual report.

By Megan Quinn , Cole Rosengren , Jacob Wallace • July 22, 2024

WM acquires Winters Bros. Waste, a major New York company

Long Island’s largest independent hauler and recycler, which employs more than 500 people, has numerous assets in an area that faces strains from an upcoming reduction in regional disposal capacity.

By Cole Rosengren • Updated July 16, 2024

Proposed OSHA heat rule leaves waste industry with operational questions

Waste and recycling groups say the proposed standard raises practical questions of how to change schedules and other operations to better protect workers from the heat.

By Megan Quinn • July 11, 2024

Apex Waste grows in Colorado with 2 new deals, including WM sites

The Kinderhook-backed company is now vertically integrated after purchasing landfills and a MRF from Twin Enviro Services. Following these deals, Apex now services an estimated 100,000 customers.

By Cole Rosengren • Updated July 9, 2024

Rubicon CEO Rodoni resigns, company appoints interim leader

Osman Ahmed previously served as lead independent director and helped the company go public via a SPAC in 2022. This marks the latest in a series of changes at the waste brokerage company.

By Cole Rosengren • July 1, 2024

Hydrogen truck developer Hyzon narrows its target market focus

The company is refocusing its development to the waste industry and core markets in North America. After reviewing its operations, Hyzon will also explore a potential sale.

By David Taube • June 26, 2024

Clean Energy Fuels signs 15 new local contracts in first quarter

The company has been working to grow its network of fueling stations in tandem with its renewable natural gas production portfolio.

By Jacob Wallace • June 26, 2024

Industry group sues EPA over rule that set new emissions limit for refuse haulers

The Transport Project argues the EPA’s update to heavy-duty vehicle emissions standards, finalized in March, unfairly favors battery electric vehicles over biofuel-powered vehicles. The group’s membership includes WM.

By Jacob Wallace • June 25, 2024

Enviri outlines long-term plans for ‘complete suite’ of PFAS services, rail divestment

During an investor day event, Enviri touted plans to offer a broad range of PFAS services as part of its move to become a full-service environmental remediation company and potentially hit $2.7 billion in revenue by 2027.

By Megan Quinn • June 25, 2024

NYC officials spotlight commercial waste zone selection, pricing and M&A

A tense council hearing elicited more context about how the Department of Sanitation selected companies for coveted 10-year contracts but little new information on implementation timing beyond the first zone.

By Cole Rosengren • June 7, 2024

WM CEO says medical business growth makes Stericycle deal an attractive fit

During the Stifel Cross Sector Insight Conference, WM executives shared more insight about how Stericycle’s positioning in the medical waste and recycled paper markets aligns well with their long-term plans.

By Megan Quinn • June 6, 2024

WM to acquire Stericycle in $7.2B deal

WM sees the acquisition as a way to capitalize on anticipated growth in the healthcare waste sector and position itself as a “single, trusted provider” for numerous waste services.

By Megan Quinn • June 3, 2024

Rubicon president and CFO Schubert resigns; interim CFO named

Kevin Schubert is the second top executive to depart the company in recent months. The change comes as the company has trimmed its business in a bid to reach profitability.

By Jacob Wallace • May 31, 2024

GFL Environmental selling Detroit-area residential business to Priority Waste

The pending deal, which includes more than 70 municipal collection contracts in the region, could make Priority the largest residential service provider in the state.

By Cole Rosengren • May 31, 2024

Waste history group debuts at WasteExpo with vintage San Francisco truck

The Waste Industry Historical Society showcased an antique truck and a video about the evolution of Sunset Scavenger in San Francisco. The group aims to grow its reach and feature more companies.

By Cole Rosengren • May 24, 2024

Battery electric, hydrogen or CNG trucks? WasteExpo attendees say all of the above

As fleet operators try to keep up with federal and state emissions reduction requirements, the technology available to them is advancing quickly. Executives discussed key themes related to range, cost and infrastructure in Las Vegas.

By Cole Rosengren • May 22, 2024

Rubicon pays down debt, discloses revenue for divested fleet tech business

In its first earnings report since a recent sale of assets, Rubicon shared an updated look at its financial standing. This included specific details on its software-as-a-service business that had not been reported before.

By Cole Rosengren • May 21, 2024

Apex Waste Solutions aims to scale in consolidated Colorado market

Apex launched with a goal of offering independent service after larger companies bought out many local haulers. Now, with private equity backing from Kinderhook, the company is growing quickly through its own purchases.

By Cole Rosengren • May 20, 2024

DTG Recycle names new CEO

Jordan Reber recently took the helm at the Washington-based company, which is backed by Macquarie. He brings experience with heavy equipment and leadership from multiple prior roles.

By Cole Rosengren • May 17, 2024