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.

By Waste Dive Staff • Updated March 6, 2024

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.

By Jacob Wallace • Feb. 22, 2024

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.

By Jacob Wallace • Feb. 21, 2024

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.

By Megan Quinn • Feb. 16, 2024

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.

By Megan Quinn • Feb. 14, 2024

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.

By Megan Quinn • Feb. 13, 2024

Who came out on top with New York commercial waste zone contracts?

The 65 contracts awarded to provide service in the five boroughs effectively reset the market. Major companies such as Action Environmental and Waste Connections did well; others are left with tough choices.

By Cole Rosengren • Feb. 13, 2024

Interstate Waste Services acquiring Oak Ridge in regional expansion

The transaction marks the first sizable purchase since New Jersey-based IWS was recapitalized last year. Oak Ridge Waste & Recycling’s assets cover multiple markets in Connecticut and New York.

By Cole Rosengren • Feb. 12, 2024

Balcones Recycling leaders tout strong MRF network, municipal contract foundation

Tom Outerbridge and Adam Vehik say the merger between Sims Municipal Recycling and Balcones Resources has strengthened recycling operations and set the table for future growth.

By Megan Quinn • Feb. 5, 2024

The waste and recycling industry outlook for 2024

Recycling policy, PFAS regulations, landfill methane, organics infrastructure and M&A are all expected to be key topics for the year ahead.

By Waste Dive Staff • Jan. 29, 2024

RNG industry expects voluntary agreements, new credits to spur growth in 2024

The renewable natural gas industry saw more than 60 projects come online last year. This year, it’s expecting to build on that growth as the industry matures.

By Jacob Wallace • Jan. 22, 2024

5 waste and recycling trends to watch in 2024

The evolving M&A market, the rise of EPR, pending PFAS regulations, renewable natural gas and methane reduction are some of the biggest issues facing the industry this year.

By Jacob Wallace , Megan Quinn , Cole Rosengren • Jan. 5, 2024

By the numbers: Key 2023 waste and recycling trends

Look back on the year through data points on issues such as labor, M&A, federal funding, state policy and commodity pricing.

By Jacob Wallace , Megan Quinn , Cole Rosengren • Dec. 22, 2023

Republic Services returns to Austin, Texas, market in deal with Integrated Waste Solutions Group

Eight years after the permit for its Sunset Hills Landfill expired, Republic now owns the recently opened 130 Environmental Park Landfill and one of the last independent haulers in the Austin market, Central Texas Refuse.

By Jacob Wallace • Dec. 21, 2023

Circular Services acquires Midwest Fiber, including 5 recycling facilities

Balcones Recycling, part of Closed Loop Partners’ Circular Services platform, will manage the operation. Midwest, a family-owned company, had scaled to include collection and processing operations in multiple states.

By Megan Quinn • Dec. 17, 2023

Heritage Environmental Services selling majority stake to EQT Infrastructure

The Indiana-based environmental services company provides a range of options for hazardous and non-hazardous waste, including at multiple disposal sites. This follows Sweden-based EQT’s recent investment in Covanta.

By Cole Rosengren • Updated Dec. 13, 2023

Waste Connections acquiring 30 Canadian E&P facilities from Secure Energy Services

The deal includes numerous oil and gas landfills, injection wells and treatment and disposal facilities. The Canadian government required Secure to divest these assets following its merger with Tervita.

By Megan Quinn • Dec. 11, 2023

What’s next for Hainesport Transportation Group, including Michigan rail project

CEO Darryl Caplan and investment partner Dickson Suit lay out their strategy for how the New Jersey-based company is ramping up its position to transfer more C&D volumes out of the disposal-constrained Northeast.

By Cole Rosengren • Dec. 7, 2023

Republic Services acquires Indiana hauler, transfer station operator

Wallace Bros. Disposal & Recycling had been a family-run operation since 1996. The transaction is one of multiple to occur in the region in recent years.

By Cole Rosengren • Dec. 5, 2023

Has the waste and recycling industry’s multiyear M&A boom peaked?

Experts from Stifel, Houlihan Lokey, Comerica Bank, Raymond James, Waste Connections and others weigh in on the latest trends involving valuations, private equity, environmental services, antitrust and more.

By Cole Rosengren • Nov. 27, 2023

Waste Connections’ Mittelstaedt talks industry changes, improvements during time away from CEO job

Ron Mittelstaedt discussed how trends in sustainability, technology and investor interest are “rapidly changing” the waste industry during a session at the Corporate Growth Conference.

By Katie Pyzyk • Nov. 21, 2023

AmWaste aims to scale with 3i investment after ‘quietly’ becoming sizable Southeast player

An infusion of growth capital by 3i North American Infrastructure helped AmWaste purchase disposal assets in Georgia, with more acquisitions to come. CEO Chip Russell outlines the company’s vision for expansion.

By Cole Rosengren • Nov. 13, 2023

Leading waste and recycling companies spent $986M on M&A in Q3

WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared their outlooks on the deal environment heading into 2024.

By Cole Rosengren • Nov. 7, 2023

Casella reports ‘pivotal and exciting’ Q3 due to recent acquisitions and strong pricing

Casella raised revenue guidance and predicted a strong Q4 due to its retrofitted Boston MRF and operations it acquired from GFL.

By Megan Quinn • Nov. 3, 2023

GFL at ‘inflection point’ regarding debt leverage, executives say

The Canada-based company reported slightly elevated debt numbers as it continued to engage in M&A. But executives now believe GFL has a clear path to a better ratio into next year and see more profit potential from EPR.

By Jacob Wallace • Nov. 2, 2023