Earnings Releases·Nov 9, 2026, 4:13 PM ET

Casella Waste Systems — Third Quarter 2026 Earnings Summary

Revenue increased 15.2% year-over-year to $559.2 million, while Adjusted EBITDA rose 11.4% to $133.5 million; however, Adjusted Net Income declined 18.7% to $22.3 million and the company reported a $7.0 million net loss compared to $10.0 million net income in the prior year period.
Fiscal 2026 revenue guidance was raised to $2.100–$2.110 billion and Adjusted EBITDA guidance narrowed to $475–$481 million, though full-year net loss guidance was lowered to $(10)–$(4) million from a previously projected range of $0 to $6 million net income.
The company acquired six businesses in the first nine months of 2026, contributing over $170 million in aggregate annualized revenues, while total debt increased to $1.38 billion from $1.15 billion at year-end 2025.
Management raised its outlook for a minimum 300 basis points of Adjusted EBITDA margin expansion over the next three years and noted a positive inflection in the Mid-Atlantic region, despite recording a $13.6 million impairment charge for the Granite State landfill project termination.