Casella Waste Systems Q2 Earnings Call Highlights

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MarketBeat

Fri, August 7, 2026 astatine 11:04 AM CDT 7 min read

Key Points

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Strong Q2 performance: Revenue roseate 16.9% to $543.7 million, driven by acquisitions, 5.5% pricing maturation and an 8.4% summation successful landfill volumes. Adjusted EBITDA accrued 12.5% to $123.2 million, though margins faced unit from substance betterment fees and assets solutions.
2026 outlook raised: Casella accrued full-year gross guidance by $30 cardinal to $2.09 billion–$2.11 billion, portion reaffirming adjusted EBITDA of $473 million–$483 cardinal and adjusted escaped currency travel of $200 million–$210 million. GAAP nett income guidance was lowered to $0 million–$6 cardinal due to the fact that of higher amortization and taxes.
Integration and enlargement stay priorities: The institution completed 5 acquisitions totaling astir $165 cardinal successful annualized revenue, is targeting $15 cardinal successful Mid-Atlantic outgo savings by 2028, and is advancing landfill expansions expected to enactment semipermanent capacity.

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Casella Waste Systems (NASDAQ:CWST) reported second-quarter gross maturation of 16.9% arsenic acquisitions, pricing gains and higher landfill volumes supported results, portion the institution raised its full-year gross outlook and reaffirmed its adjusted EBITDA and cash-flow guidance.

Revenue for the 4th totaled $543.7 million, an summation of $78.4 cardinal from a twelvemonth earlier. Acquisitions, including rollover activity, contributed $46.2 cardinal of the increase, portion same-store maturation accounted for $32.2 million, oregon 6.9%, Chief Financial Officer Brad Helgeson said during the company's net call.

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Adjusted EBITDA roseate 12.5% twelvemonth implicit twelvemonth to $123.2 million. Adjusted EBITDA borderline was 22.7%, down 80 ground points from the prior-year quarter, reflecting the effect of substance betterment fees and costs arsenic good arsenic headwinds successful the assets solutions segment. Excluding substance and assets solutions, Helgeson said the concern expanded margins by 30 ground points, including the dilutive effect of acquisitions. He said the basal concern generated borderline enlargement of much than 50 ground points erstwhile acquisitions were excluded.

Pricing and Landfill Volumes Drive Growth

President and Chief Executive Officer Ned Coletta said results reflected "strong pricing execution, higher landfill volumes, and continued acquisition activity." Overall solid-waste pricing accrued 5.5%, including a 5.8% summation successful postulation and a 4.7% summation successful disposal.

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