Q1 earnings results for major waste and recycling companies in 2025

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

By Waste Dive Staff • April 29, 2025

WM says tariffs unlikely to affect RNG, MRF plans for 2025

CEO Jim Fish said the quarter exceeded expectations, despite severe weather. The company also reported ongoing progress as it integrates the Stericycle assets.

By Megan Quinn • April 29, 2025

Republic posts strong start to year amid ambiguity around credits, tariffs

The 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.

By Jacob Wallace • April 25, 2025

Waste Connections highlights ‘better than expected’ Q1 amid tariff uncertainty

CEO 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.

By Megan Quinn • April 24, 2025

FCC Environmental Services acquires Florida WTE facility

This is the company’s first such U.S. facility, though it operates a dozen WTE sites internationally. FCC also has a large presence in Florida via services for commercial and residential customers. 

By Jacob Wallace • April 23, 2025

Quest CEO: ‘Next stage requires a change in culture’

Perry Moss, appointed CEO last month, said in an interview that he would bring a new “process-oriented” perspective to the company that would resolve some of its mistakes last year.

By Jacob Wallace • April 1, 2025

Waste and recycling is now a $100B industry, report says

The industry continued to see consolidation among public companies, especially in disposal activities, in 2024.

By Jacob Wallace • March 21, 2025

Divert announces 3rd C-suite appointment of 2025

The company is in the midst of permitting and growing new facilities in multiple states to achieve its vision of a national anaerobic digestion network. CEO Ryan Begin said the hires would help Divert meet that goal.

By Jacob Wallace • March 18, 2025

Toyota subsidiary to acquire Radius Recycling in $907M deal

The deal is expected to expand Toyota’s closed loop system for materials like steel, precious metals and batteries used by automotive manufacturers. 

By Jacob Wallace • March 17, 2025

WM eyes growth from healthcare trends as it integrates Stericycle

WM sees future healthcare trends, such as the growth of at-home healthcare, as a business opportunity as it works to ramp up Stericycle’s McCarran incinerator and plans a rebrand, said Rafa Carrasco.

By Megan Quinn • March 17, 2025

Texas MRF operator for sale amid $8M loan dispute, possible asset liquidation

Independent Texas Recyclers, which once served some 1 million Houston households, allegedly missed payments on equipment and later discontinued operations.

By Megan Quinn • Updated March 24, 2025

Interstate Waste Services opens $30M MRF to take on NYC commercial volumes

IWS designed the MRF to accommodate specific volumes from New York City’s commercial waste zones, while also allowing the company to internalize volumes it once sent to other recyclers.

By Megan Quinn • March 5, 2025

LRS sells its Wisconsin assets to GFL Environmental

LRS will exit the Wisconsin market, including a MRF contract, to focus on organic growth in its other core regions, CEO Matt Spencer said. The company also sold a small business in Illinois.

By Megan Quinn • March 4, 2025

What’s next for GFL after environmental services deal closes

Executives discussed a variety of moves that may reshape the company, including re-domiciling in the U.S. and ramping up M&A. GFL is now targeting more than $3 billion in EBITDA (Canadian) by 2028.

By Jacob Wallace • March 3, 2025

Major public waste companies spent nearly $11B on M&A in 2024

WM drove major spending with its $7.2 billion Stericycle deal in 2024. Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems also completed numerous deals during the year.

By Megan Quinn , Jacob Wallace , Cole Rosengren • March 3, 2025

Rumpke CEO: ‘Our growth has been dramatic.’

Bill Rumpke Jr. noted a busy 2024 for acquisitions and infrastructure investments led to $1.2 billion in revenue. He previewed more hiring, employee training and tech investments for 2025.

By Megan Quinn • Feb. 25, 2025

Zeldin begins remaking EPA amid workforce changes

Federal officials are beginning to implement executive orders related to workforce reduction. Meanwhile, the administration also announced antitrust and climate updates.

By Jacob Wallace • Feb. 24, 2025

Enviri changes board, amends credit facilities as steel prices slump

The company is working to complete unfavorable rail contracts and expects its finances to improve in 2025. Executives plan to offset impacts from a weak steel market with continued growth in Clean Earth.

By Jacob Wallace • Feb. 21, 2025

Q4 earnings results for major waste and recycling companies in 2024

Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Enviri.

By Waste Dive Staff • Updated Feb. 25, 2025

Republic targets $1B in M&A for 2025 after closing a major deal

The company kicked off the year with the acquisition of Shamrock Environmental. On Republic’s Feb. 13 earnings call, executives said investments in the company’s fleet and recycling will continue.

By Jacob Wallace • Feb. 14, 2025

Casella notes landfill volume internalization and further acquisitions as key for 2025

CEO John Casella said the company “finished the year strong” by growing revenue by about 20%. The company also upgraded a MRF in Connecticut and is slowly ramping up volume at a rail-served Pennsylvania landfill.

By Megan Quinn • Feb. 14, 2025

Waste Connections touts ‘extraordinary year’ of acquisitions, EBITDA growth

Waste Connections officials previewed more M&A activity into Q1 and Q2 of 2025, but also noted ongoing costs and regulatory obligations from closing the Chiquita Canyon Landfill.

By Megan Quinn • Feb. 13, 2025

Rubicon shareholders allege they’re owed millions due to ownership shift

The dispute hinges on a transaction last year in which shareholder Jose Miguel Enrich gained a controlling interest in Rubicon. The company has also taken steps to deregister securities and cease public financial reports this year.

By Jacob Wallace • Feb. 12, 2025

Waste M&A trends to watch in 2025

Deal advisors and analysts weigh in on how regulatory changes and private equity investment could play out in the sector.

By Cole Rosengren • Feb. 12, 2025

Closed Loop continues growth with new investment, organics acquisition

Closed Loop announced new funding from Capricorn. Meanwhile, CEO Ron Gonen said Circular Services is expanding into organics with its acquisition of North America’s longest continually operating digester.

By Jacob Wallace • Feb. 10, 2025