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Casella Waste Systems, Inc. Announces Third Quarter 2026 Results

CWST
  • Casella Waste Systems reported Q3 2026 revenues of $559.2 million, a 15.2% increase from the prior year period.
  • Solid waste pricing rose 5.5% due to 5.9% collection price growth & 4.8% disposal price growth.
  • The company reported a net loss of $7.0 million for the quarter, impacted by a $13.6 million impairment charge for the Granite State landfill project.
  • Adjusted Net Income was $22.3 million, down 18.7% from the same period in 2025.
  • Adjusted EBITDA reached $133.5 million, up 11.4% year-over-year, driven by acquisitions & organic growth.
  • Net cash provided by operating activities for the nine months ended September 30, 2026, was $241.8 million, up 3.7% from the prior year.
  • Adjusted Free Cash Flow for the nine-month period was $111.1 million, a 7.0% decrease from the previous year.
  • Casella acquired six businesses in the first nine months of 2026, adding over $170 million in aggregate annualized revenues.
  • The company raised its 2026 revenue guidance to a range of $2.100 billion to $2.110 billion.
  • Adjusted EBITDA guidance for 2026 was narrowed to a range of $475 million to $481 million.
  • Net loss guidance for 2026 was lowered to a range of $(10) million to $(4) million due to the landfill impairment charge.
  • Guidance for Adjusted Free Cash Flow was reaffirmed at a range of $200 million to $210 million for 2026.
  • CEO Ned Coletta noted strong fourth-quarter visibility & the implementation of floating fuel fees to offset volatile fuel costs.
  • Mid-Atlantic region performance showed a positive inflection point in October with margin improvements of over 300 basis points year-over-year.
  • The company completed initial steps of its organizational transformation & implemented credit card convenience fees to drive cost reductions.
  • Casella expects to achieve a minimum of 300 basis points of Adjusted EBITDA margin expansion over the next three years.
  • A conference call to discuss these results is scheduled for November 10, 2026, at 10:00 a.m. Eastern Time.
Company
Casella Waste Systems, Inc.
Keywords
Nasdaq:CWST, Casella Waste Systems, Inc.