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 reports and give guidance for 2023.

Updated March 9, 2023

Waste Connections ends 2022 favorably despite headwinds; spent $2.3B on acquisitions

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.

By Megan Quinn • Feb. 16, 2023

Republic says it’s ready for any economy; M&A remains a priority after spending $2.7B in 2022

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.

By Cole Rosengren • Feb. 16, 2023

How the EPA’s Renewable Fuel Standard program changes could be a boon for landfill and AD operators

The program’s biggest change to date would set long-term renewable natural gas targets, add credits for powering electric vehicles and much more. WM, Republic Services, Anaergia, Covanta and others weigh in on what it means.

By Cole Rosengren • Feb. 16, 2023

Waste and recycling industry leaders discuss the operational impact of corporate ESG trends

LRS CEO Alan Handley and Vanguard Renewables Chief Sustainability Officer David Darr recently joined Waste Dive for a live discussion about investment trends, sustainability reporting, customer expectations and more.

By Waste Dive Staff • Feb. 15, 2023

Denali Water Solutions promotes Todd Mathes to CEO

The fast-growing organics recycler's founder and previous CEO, Andy McNeill, will focus on long-term strategy and acquisitions as the private equity-backed company continues to expand.

By Cole Rosengren • Feb. 7, 2023

WM boosts planned MRF and RNG spending by $590M, sees signs of inflation easing

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.

By Cole Rosengren • Feb. 1, 2023

Battery electric could be 63% of refuse truck sales come 2030: report

Electrification incentives like those in the Inflation Reduction Act may accelerate fleet conversions in the waste industry, a new analysis shows. Mack Trucks and Casella are among the companies working toward that this year.

By Maria Rachal • Jan. 31, 2023

WTE trade group reemerges with backing from Covanta, WIN Waste and local governments

The sector’s two largest companies, plus notable public sector facility owners such as Florida’s Miami-Dade County, hope the Waste-to-Energy Association can help them reframe environmental discussions.

By Cole Rosengren • Jan. 31, 2023

Covanta CEO promises ‘vastly different’ approach for the company

Azeez Mohammed, who joined the company as part of its 2021 sale to EQT Infrastructure, talks through a wave of strategic changes in his first extended interview on the job. 

By Cole Rosengren • Jan. 26, 2023

The Waste Dive Outlook on 2023

What you need to know on industry trends to watch, the hiring landscape, fleet maintenance and more to come as the new year gets underway.

By The Waste Dive Team • Updated Feb. 15, 2023

6 waste and recycling trends to watch in 2023

The effects of ongoing M&A, the biogas boom, and regulatory and financial debates around plastics are among the most complex topics on Waste Dive’s radar in the new year.

By Cole Rosengren , Megan Quinn , Maria Rachal • Jan. 12, 2023

What environmental justice mapping tools mean for the waste industry

A review of reports from WM, Republic Services and Waste Connections shows an increasing level of data from tools such as EPA’s EJScreen about the potential effects of waste sites on surrounding communities.

By Myisha Majumder • Jan. 5, 2023

By the numbers: 2022 waste and recycling trends with implications for 2023

Key data points on some of the top issues — M&A, ESG, inflation and policy — that illustrate another eventful year for the industry.

By Megan Quinn , Cole Rosengren , Maria Rachal • Jan. 4, 2023

Top interviews with waste and recycling leaders in 2022

Read some of the year’s most popular conversations with CEOs from Republic Services, WIN Waste Innovations, LRS and Vanguard Renewables, as well as leaders from WM, the U.S. EPA and other organizations.

Dec. 22, 2022

PepsiCo aims to double amount of reusable packaging to 20% by 2030

To meet the target, the beverage giant plans to prioritize four areas, including growing the company’s SodaStream platform and expanding its refillable plastic and glass bottle offerings.

By Christopher Doering • Dec. 6, 2022

The US waste and recycling industry in 2022 — what you need to know

Stories on M&A, recycling policy and organics recycling expansion — and how the economy and environmental justice considerations are shaping the industry’s path forward — have driven the news this year.

Dec. 5, 2022

GFL launches first ESG targets, aiming to reduce GHG emissions 15% by 2030

The Canada-based company’s first set of detailed targets comes after its landfill portfolio has doubled in recent years. GFL is focusing on renewable natural gas projects as well as alternative fuel vehicles in the years ahead.

By Cole Rosengren • Nov. 29, 2022

Rubicon announces layoffs, debt restructuring to stabilize company

The waste broker was previously facing serious liquidity issues, with $102.6 million worth of debt once set to mature in November. A software deal with Palantir Technologies was cited among its notable costs.

By Cole Rosengren • Nov. 21, 2022

Rubicon pledges ‘progress to profitability’ and shares plans to grow company’s earnings potential

In Rubicon’s first earnings call since going public and seeing its founder step down, CEO Phil Rodoni named “profitability as the core tenet of our strategy and corporate culture going forward” and announced a new company president.

By Cole Rosengren • Nov. 10, 2022

Upstream CEO talks about the role of EPR in expanding reuse-refill, ‘golden opportunity’ for recycling industry

The reuse-refill sector has become increasingly mainstream, as shown by the nonprofit’s Reusies award event. Matt Prindiville shares his latest outlook on where it’s going next and how the traditional waste industry can be involved.

By Cole Rosengren • Nov. 7, 2022

GFL Q3 revenue jumps, ESG targets to come this month

GFL Environmental’s revenue bump came amid economic headwinds and notable costs related to fuel, trucks and MRF fires, as discussed on its earnings call Thursday.

By Maria Rachal • Nov. 3, 2022

Clean Harbors names co-CEOs in first major leadership change since its founding

Founder Alan McKim, who has led the environmental services company for 42 years, said he’ll still help drive M&A strategy and will pass off current responsibilities to multiple leaders.

By Maria Rachal • Nov. 2, 2022

Waste Connections reports a decline in GHG emissions despite acquisitions, sets new ESG targets

The company plans investments in RNG facilities, MRFs and electric collection vehicles as well as new goals to cut Scope 1 and 2 emissions by 15%, building on a recent decline of 7%, it said in its 2022 sustainability report.

By Cole Rosengren • Oct. 31, 2022

Q3 earnings results for major waste and recycling companies

Follow the latest round of financial results from WM, Republic Services, Casella Waste Systems, Waste Connections, GFL Environmental and more.

Updated Dec. 1, 2022