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

Republic ups guidance amid stronger commodity prices, despite lower volumes

The company said a weak construction market and the shedding of some contracts will likely lower volumes through 2024. However, underlying financial metrics remain strong thanks to strong pricing growth.

By Jacob Wallace • July 25, 2024

Tomra’s AI-enabled sorter now targeting UBCs at MRFs

Tomra’s updated sorter, designed to spot used beverage cans and reduce reliance on manual sorters, comes as more aluminum can manufacturers are calling for higher recovery rates for the material. 

By Megan Quinn • July 24, 2024

DOE offers ‘game-changer’ $182M loan to IRG plastics recycling project

The Pennsylvania project is expected to be one of the largest plastic recycling facilities in the country. It will mechanically recycle certain plastics and turn the rest into a coking agent for the steel industry.

By Jacob Wallace • July 23, 2024

Eureka Recycling receives over $10M in financing to upgrade MRF

The Minnesota nonprofit aims to increase the amount of PET and aluminum it captures. The funding comes from a loan led by Closed Loop Partners and American Beverage as well as a grant from The Recycling Partnership.

By Cole Rosengren • 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

Cyclic Materials receives funding from Microsoft for rare earth minerals recycling

The funding from Microsoft’s climate fund will help Cyclic perfect its newest rare earth metals recycling technology for hard drives, which it is testing at ITAD facilities like Sims Lifecycle Services.

By Megan Quinn • July 19, 2024

Local opposition puts heat on chemical recycling projects in Ohio River Valley

A report from the Ohio River Valley Institute says chemical recycling plans won't deliver economic or environmental promises. The organization calls for more sustainable plastic reduction solutions.

By Megan Quinn • July 18, 2024

Debrand aims to scale textile recycling in US amid growing brand and policy demand

WM-backed Debrand’s expansion into the U.S. aims to strengthen textile sorting and recycling infrastructure in North America. Factors like chemical recycling and EPR could influence the market for textile recycling.

By Megan Quinn • July 17, 2024

Packaging groups engaged on numerous state EPR bills in 2024. What have they learned?

Material and CPG trade groups are growing more accustomed to extended producer responsibility legislation in statehouses. Leaders weighed in on lessons to take forward from Minnesota, New York and other states this year.

By Maria Rachal • July 17, 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

Triumvirate Environmental scales to become a $500M player in the special waste field

CEO John McQuillan said the Massachusetts company has grown by handling one of the broadest ranges of regulated waste in the market. He also discussed a unique plastic lumber subsidiary.

By Cole Rosengren • July 12, 2024

The Recycling Partnership’s new chief marketing officer sees power in a good story

Dune Ives, formerly of Lonely Whale, takes the helm as The Recycling Partnership’s chief marketing officer. She plans to tackle recycling myths with creative storytelling.

By Megan Quinn • July 10, 2024

LRS receives credit rating downgrades, hires chief revenue officer

Moody’s and S&P both downgraded the Midwest recycler in June due in part to high debt leverage, but they maintained stable outlooks. LRS is searching for a CFO after Luke Chenery returned to Macquarie.

By Megan Quinn • July 9, 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

Superfund enforcement of PFAS started Monday. Where does waste and recycling go from here?

The regulation exposes certain parties to liability for cleanup of contamination from certain per- and polyfluoroalkyl substances. While the EPA has said some disposal facilities won’t be targeted, concerns about cost remain.

By Jacob Wallace • July 8, 2024

Reverse vending machines for recycling are gaining traction outside of bottle bill states

Recent investments in companies such as Olyns and Cycle, as well as support from partners like Ball and Coca-Cola, show increasing interest in the space. Stadiums, college campuses and other venues are considered ideal settings.

By Hollie Stephens • July 3, 2024

Recycling label requirements proposed in draft federal bill

Sen. Jeff Merkley is circulating a draft bill regarding truth in labeling. Packaging groups want it to preempt laws in states such as California and Oregon.

By Megan Quinn • July 2, 2024

SWANA joins Canada Plastics Pact

The association, already a member of the U.S. Plastics Pact, says joining the Canadian counterpart further affirms its recent emphasis on shifting from solid waste management to resource management.

By Megan Quinn • June 28, 2024

California carpet EPR bill aims to restructure recycling program

The bill calls for ending the carpet recycling program in favor of a new EPR model that adds artificial turf, carpet pads and “resilient flooring.” CARE, which runs the program, says the plan would destroy carpet recycling in the state.

By Megan Quinn • June 26, 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

Massachusetts Senate calls for EPR study commission in broader plastics bill

The state Senate’s bill aims to ban certain types of plastic bags and limit plastic utensils and straws. Meanwhile, a proposed bottle bill expansion was added to a pending climate bill.

By Megan Quinn , Maria Rachal • June 24, 2024

WM begins work on new Ontario MRFs as part of Canadian EPR program

The Toronto-area recycling facilities aim to manage materials from Ontario’s changing EPR for packaging program while helping WM establish its residential recycling business there. 

By Megan Quinn • Updated June 27, 2024