Industrials Earnings Report — 2026-06-26 to 2026-08-10

25 most recent Industrials earnings

1. Aug 10, 2026, 7:33 AM ET·FSTR·Industrials

   L.B. Foster — Second Quarter 2026 Earnings Summary

   FOSTER L B CO

   Net sales declined 3.5% year-over-year to $138.6 million, while net income rose 7.9% to $3.1 million and gross margin expanded 80 basis points to 22.3%. Operating cash flow reached a record $17.9 million for the quarter, driving an 85.0% increase in free cash flow and reducing total debt by $11.7 million to $48.0 million. The company reaffirmed full-year 2026 guidance for net sales ($540M–$580M), Adjusted EBITDA ($41M–$46M), and Free Cash Flow ($15M–$25M), assuming no significant geopolitical impact on the domestic economy. Strategic actions included the exit of specific Tew Engineering product lines incurring $2.6 million in costs and a UK refocus on higher-margin, short-term projects, while total backlog grew 17.4% to $246.1 million.

2. Aug 10, 2026, 7:13 AM ET·SIF·Industrials

   SIFCO Industries, Inc. — Third Quarter Fiscal 2026 Earnings Summary

   SIFCO INDUSTRIES INC

   Net sales grew 18.3% year-over-year to $26.1 million for the third quarter and 23.5% to $76.6 million for the first nine months, while net loss narrowed to nominal $(0.01) per share in Q3 compared to $(0.54) in the prior year, and net income turned positive to $0.71 per share for the first nine months versus a loss of $(0.07). Adjusted EBITDA improved to $4.8 million in Q3 and $13.5 million for the first nine months, though reported EBITDA declined to $1.3 million in Q3 due to a $3.2 million LIFO expense impact and the absence of prior-year Employee Retention Credit benefits. Balance sheet shifts included a reduction in total debt to $7.0 million and a significant increase in inventories to $10.1 million and contract liabilities to $3.6 million, while cash and cash equivalents fell to $77,000. Management highlighted strong customer demand and backlog visibility, with strategic focus on operational excellence and labor retention to convert demand into profitable growth despite ongoing skilled labor challenges.

3. Aug 10, 2026, 7:02 AM ET·TH·Industrials

   Target Hospitality — Second Quarter 2026 Earnings Summary

   TARGET HOSPITALITY CORP

   Revenue increased 39% year-over-year to $85.5 million, while net loss narrowed to $9.0 million from $14.9 million; Adjusted EBITDA surged more than 5x year-over-year to $18.2 million. Full-year 2026 guidance was raised to $410–$420 million in revenue (up 11%) and $85–$95 million in Adjusted EBITDA (up 13%), with capital expenditures expected between $490–$510 million. The Company secured over $1.4 billion in new WHS contract awards since January 2026, driving deferred revenue to $21.3 million and projecting annualized revenue exceeding $700 million by end of 2027. A new $660 million asset-based revolving credit facility closed on July 24, 2026, replacing the prior $175 million facility, reducing borrowing costs by up to 250 basis points and maturing in July 2031. Growth is driven by accelerating demand in AI data centers and power generation, though the Government segment faces temporary margin impacts from network optimization costs in 2026.

4. Aug 10, 2026, 7:01 AM ET·CECO·Industrials

   CECO Environmental — Second Quarter 2026 Earnings Summary

   CECO ENVIRONMENTAL CORP

   Revenue surged 54% year-over-year to $285.0 million, while orders and backlog grew 191% and 164% respectively to $798.5 million and $1,819.1 million. The company raised full-year 2026 revenue guidance to $1.300 billion–$1.375 billion and Adjusted EBITDA guidance to $200 million–$225 million, citing strong demand and early synergy capture from the Thermon acquisition. Non-GAAP net income increased 147% year-over-year to $21.5 million, though GAAP net loss widened to $(34.8) million due to $45.5 million in acquisition and integration expenses. Total assets and debt rose significantly to $3.73 billion and $727.7 million, respectively, following the June 1, 2026, closure of the Thermon acquisition, which expanded the sales pipeline to over $8.5 billion. Management maintains a long-term double-digit growth outlook despite risks related to integration execution, rising raw material and labor costs, and geopolitical instability.

5. Aug 10, 2026, 6:50 AM ET·FERG·Industrials

   Ferguson Enterprises Inc. — Second Quarter 2026 Earnings Summary

   FERGUSON ENTERPRISES INC

   Net sales reached $8.8 billion, up 4.6% year-over-year, while diluted EPS rose 6.9% to $3.43; full-year 2026 net sales guidance was raised to mid-single digit growth, and adjusted operating margin guidance increased to 9.5%–9.8%. Non-residential revenue grew 8% driven by large capital projects, whereas residential revenue increased only 2% amid weak new construction and soft repair, maintenance, and improvement work. The company completed five acquisitions and signed a definitive agreement to acquire FloWorks, with aggregate annualized revenue from year-to-date acquisitions totaling approximately $1.4 billion. Capital returns included a $0.89 quarterly dividend declaration and $202 million in share repurchases, while capital expenditures guidance was raised to $375 million–$425 million. Gross margin decreased 20 basis points to 31.0% due to supplier price increases, and net debt rose to $4.468 billion, resulting in a net debt to adjusted EBITDA ratio of 1.3x.

6. Aug 7, 2026, 4:01 PM ET·ULBI·Industrials

   Ultralife Corporation — Second Quarter 2026 Earnings Summary

   ULTRALIFE CORP

   Revenue decreased 1.3% year-over-year to $47.9 million, while GAAP net income rose to $2.5 million ($0.15 per share) from $0.9 million ($0.05 per share) in the prior year period, driven by a 760-basis point gross margin improvement to 28.9% (26.6% excluding a $1.1 million IEEPA refund). Adjusted EBITDA increased to $6.1 million (12.8% of sales) from $4.1 million (8.5% of sales), supported by a 39.3% surge in Communications Systems sales to $3.8 million, offset by a 3.7% decline in Battery & Energy Products sales to $44.2 million. Management projects profitable growth for 2026 fueled by a record backlog of $117.5 million and upcoming production transitions for new products in government/defense and water-based defense drone applications later in the year. Balance sheet strength improved with total debt reduced to $44.6 million from $49.7 million at year-end 2025, though cash and cash equivalents declined to $6.7 million from $9.3 million.

7. Aug 7, 2026, 8:33 AM ET·MATW·Industrials

   Matthews International — Fiscal 2026 Third Quarter Earnings Summary

   MATTHEWS INTERNATIONAL CORP

   Consolidated sales for the quarter fell 29.6% year-over-year to $246.0 million, while the nine-month period saw a 33.0% decline to $789.4 million; the company reported a net loss of $23.7 million for the quarter versus net income of $15.4 million in the prior year. Fiscal 2026 adjusted EBITDA guidance was revised downward to a range of $158 million to $162 million, reflecting a $5 million shortfall driven by timing delays in realizing synergy benefits at The Propelis Group and ongoing energy storage business delays. Strategic simplification continued with $267.4 million in net cash provided by investing activities over nine months, primarily from divestitures, while net debt decreased to $529.7 million from $678.4 million as of September 2025. The Industrial Technologies segment faced significant headwinds, including an $18.9 million cumulative litigation cost related to the Tesla dispute and a $5.4 million adjusted EBITDA loss, prompting a restructuring program in European operations targeting $10 million in annual savings. The Memorialization segment grew sales 2.2% to $208.1 million driven by the acquisition of The Dodge Company, though profitability was pressured by lower estimated U.S. casketed deaths and input costs exceeding price realization.

8. Aug 7, 2026, 8:21 AM ET·TG·Industrials

   Tredegar — Second Quarter 2026 Earnings Summary

   TREDEGAR CORP

   Net income from continuing operations rose to $6.0 million ($0.17/share) in Q2 2026 from $1.8 million ($0.05/share) in Q2 2025, while consolidated EBITDA from ongoing operations increased to $14.2 million from $10.0 million; total net sales reached $216.2 million, up from $179.1 million year-over-year. Aluminum Extrusions segment EBITDA grew to $14.5 million with net sales up 24.1% driven by metal-related margin tailwinds and a 45% increase in TSLOTS™ shipments, whereas High Performance Films EBITDA declined to $5.8 million despite a 4.2% sales increase. Management expects cost-reduction and operational-improvement initiatives to materialize benefits over the next six to nine months, with 2026 capital expenditures projected at $20 million for Bonnell Aluminum and $2 million for High Performance Films. Net debt remained stable at $28.8 million as of June 30, 2026, with $76 million available under the ABL Facility, while the company anticipates FIFO inventory and metal price trend benefits to be neutralized in Q3 2026.

9. Aug 7, 2026, 8:04 AM ET·ROAD·Industrials

   Construction Partners, Inc. — Fiscal 2026 Third Quarter Earnings Summary

   CONSTRUCTION PARTNERS INC

   Revenue grew 28.2% year-over-year to $999.4 million in Q3 FY26, while adjusted net income rose 34% to $60.6 million and diluted adjusted EPS increased to $1.08 from $0.81. The Company raised full-year FY26 guidance across all key metrics, projecting revenue of $3.640–$3.680 billion, adjusted net income of $177.6–$181.4 million, and adjusted EBITDA of $559.0–$569.0 million. Strategic expansion included the acquisition of Ellsworth Construction to enter the Oklahoma market and enhance data center capabilities, contributing to a record project backlog of $3.36 billion. Capital allocation activities over the nine-month period included $29.8 million in treasury stock purchases, $337.4 million in business acquisitions, and a net debt reduction of $91.5 million following $386.4 million in repayments against $294.9 million in new issuances.

10. Aug 7, 2026, 8:01 AM ET·TUSK·Industrials

    Mammoth Energy Services, Inc. — Second Quarter 2026 Earnings Summary

    MAMMOTH ENERGY SERVICES INC

    Total revenue surged 110% year-over-year to $26.1 million and rose 19% sequentially, while Adjusted EBITDA improved significantly to $2.6 million, reversing a $3.5 million loss from the prior year period. The Company raised its full-year 2026 guidance for the second time, projecting revenue growth to exceed 90% and Adjusted EBITDA margins to surpass 10%. Strategic expansion included the acquisition of Mission Construction and BERE Rentals to enhance fiber infrastructure capabilities, alongside a $5.7 million increase in aviation revenue driven by asset sales and fleet growth. Liquidity remains strong with $77.0 million in total liquid assets and an undrawn revolving credit facility, though capital expenditures reached $43.96 million in the quarter primarily for aviation fleet expansion.

11. Aug 7, 2026, 7:01 AM ET·FLR·Industrials

    Fluor Corporation — Second Quarter 2026 Earnings Summary

    FLUOR CORP

    Revenue increased 9% year-over-year to $4.3 billion for the quarter, with total new awards surging to $6.1 billion from $1.8 billion in the prior-year period; GAAP net earnings were $114 million and adjusted EPS was $0.91. Full-year 2026 adjusted EBITDA guidance was narrowed to $500–$525 million from $525–$560 million due to the removal of the previously estimated second-half contribution from the Mexico joint venture, while forward-looking GAAP earnings guidance was withheld due to foreign exchange uncertainty. The company completed the $175 million divestiture of the Mexico joint venture and the NuScale monetization, generating $1.831 billion in proceeds over the six-month period, and returned $300 million to shareholders via repurchases in the quarter. All three business segments reported increased segment profits (Urban Solutions $38M, Energy Solutions $88M, Mission Solutions $44M) driven by favorable close-out items and improved award fee performance, though operating cash flow for the quarter was ($317) million due to a $357 million tax payment. Management reaffirmed a target to return $1.4 billion to shareholders through share repurchases for the full year 2026, with total repurchases for the first six months reaching $816 million.

12. Aug 7, 2026, 6:46 AM ET·ATMU·Industrials

    Atmus Filtration Technologies — Second Quarter 2026 Earnings Summary

    ATMUS FILTRATION TECHNOLOGIES INC

    Net sales reached a record $528 million in Q2 2026, a 16.4% increase year-over-year, while GAAP net income rose to $64 million ($0.78 diluted EPS) from $60 million ($0.72 diluted EPS) in the prior year period. The company raised full-year 2026 guidance, increasing total net sales to $1,975–$2,030 million and adjusted EPS to $2.85–$3.00, driven by the Koch Filter acquisition, pricing increases, and favorable currency impacts. Adjusted free cash flow improved to $67 million compared to $36 million in Q2 2025, though total debt increased to $998.3 million due to the acquisition, which also significantly expanded goodwill and intangible assets. Capital allocation included $13 million in common stock repurchases under an existing authorization and a quarterly cash dividend of $0.055 per share.

13. Aug 6, 2026, 4:44 PM ET·SERV·Industrials

    Serve Robotics — Second Quarter 2026 Earnings Summary

    SERVE ROBOTICS INC

    Revenue surged 404% year-over-year to $3.238 million in Q2 2026, though full-year 2026 revenue guidance was lowered to $9–$10 million due to lower-than-expected Uber Eats delivery volumes. Full-year 2026 non-GAAP operating expense guidance was reduced to $140–$150 million from the previous $160–$170 million range to align with a strategy of concentrating capital on highest-return opportunities. The company acquired Diligent Robotics, Inc. to expand into indoor service robots, while raising $84.922 million via at-the-market public offerings to maintain a strong balance sheet with $240.4 million in cash and marketable securities. Operational scale increased significantly with over 2,000 robots deployed, daily active robots averaging 792 (up from 160 in Q2 2025), and recurring revenue comprising over 50% of total Q2 revenues.

14. Aug 6, 2026, 4:30 PM ET·CYRX·Industrials

    Cryoport — Second Quarter 2026 Earnings Summary

    CRYOPORT INC

    Total revenue grew 8% year-over-year to $49.0 million in Q2 2026 and 12% to $96.8 million for H1 2026, driven by 15% and 16% growth in Life Sciences Services respectively, while Life Sciences Products revenue remained flat in the quarter. The company achieved a significant milestone with positive adjusted EBITDA of $0.4 million in Q2 2026 (improved from negative $0.9 million), narrowing the net loss to $10.3 million ($0.20 per share) compared to a $12.0 million loss in the prior year period. Strategic infrastructure expansion includes the scheduled Q4 2026 launches of the Global Supply Chain Center in Paris and Santa Ana, California, alongside the first shipment of HE freezers manufactured in China for the local market. Operational momentum is supported by a record 779 supported clinical trials globally, with 94 in Phase 3, and major customer milestones including FDA approvals for Orca Bio's TREGZI™ and Vertex's CASGEVY® label expansion. Management anticipates 11 possible BLA/MAA applications and five additional therapy approvals for the remainder of 2026, while maintaining a strong liquidity position with $396.7 million in cash, equivalents, and short-term investments.

15. Aug 6, 2026, 4:20 PM ET·BAER·Industrials

    Bridger Aerospace — Q2 2026 Earnings Summary

    BRIDGER AEROSPACE GROUP HOLDINGS INC

    Q2 2026 revenue declined 1% year-over-year to $30.5 million, though excluding non-recurring return-to-service work, revenue rose 16% to $29.7 million; net loss widened to $(0.5) million from a $0.3 million profit in Q2 2025, while Adjusted EBITDA fell to $8.1 million from $10.8 million. The company reiterated full-year 2026 revenue guidance of $135–$145 million (14% growth at midpoint) and Adjusted EBITDA guidance of $55–$60 million (27% growth at midpoint), driven by intensified global wildfire activity and extended government commitments. Strategic wins include a $58 million contract with Texas A&M Forest Service for three King Air 360 aircraft, two new U.S. Forest Service task orders guaranteeing at least $30 million in standby revenue, and a new lease agreement for Super Scooper operations in Europe. Liquidity and balance sheet pressures are evident, with cash reserves dropping to $7.2 million from $31.4 million in December 2025, accounts receivable surging to $20.5 million, and long-term debt increasing to $233.1 million.

16. Aug 6, 2026, 4:18 PM ET·KRMN·Industrials

    Karman Space & Defense — Second Quarter Fiscal Year 2026 Earnings Summary

    KARMAN HOLDINGS INC

    Total revenue for Q2 2026 reached $182.1 million, a 58.2% year-over-year increase, while net income rose 106.1% to $14.0 million and non-GAAP adjusted EBITDA grew 54.7% to $54.6 million. The Company raised its full-year 2026 revenue guidance to $730–$745 million and non-GAAP adjusted EBITDA guidance to $215.0–$222.5 million, supported by a record backlog of $1.3 billion. Strategic developments include the acquisition of Walker Precision Engineering for approximately $94 million to enter the European market, alongside negotiations for three additional long-term defense agreements valued at over $1 billion. Management completed a debt repricing expected to reduce annual interest expense by approximately $4 million, while total liabilities increased to $1.02 billion as of June 30, 2026.

17. Aug 6, 2026, 4:18 PM ET·SARO·Industrials

    StandardAero — Second Quarter 2026 Earnings Summary

    STANDARDAERO INC

    Revenue rose 4.6% YoY to $1,599.7 million, while Net Income surged 43.7% to $97.3 million and Adjusted Diluted EPS increased 24% to $0.40, driven by productivity gains and contract restructuring. Full Year 2026 guidance was raised across all key metrics: Revenue to $6,375–$6,500 million, Adjusted EBITDA to $885–$910 million, Adjusted Diluted EPS to $1.50–$1.57, and Adjusted Free Cash Flow to $270–$300 million. Strategic initiatives included the acquisition of Unified Turbines to expand Component Repair Services capabilities and the execution of $100.1 million in share repurchases during the first half of 2026. Segment performance showed Engine Services revenue up 4.0% with EBITDA margins expanding 130 bps to 14.5%, while Component Repair Services revenue grew 9.2% despite a 270 bps margin contraction due to negative mix. Net Debt decreased to $2,176.0 million (2.6x EBITDA ratio) and Free Cash Flow generated an inflow of $50.2 million, supported by realized supply chain initiatives and the elimination of low-margin material pass-through revenue.

18. Aug 6, 2026, 4:18 PM ET·WSC·Industrials

    WillScot — Second Quarter 2026 Earnings Summary

    WILLSCOT HOLDINGS CORP

    Revenue grew 3.9% year-over-year to $612.2 million, while net income, adjusted net income, and adjusted EBITDA declined 1.9%, 14.4%, and 8.5% respectively due to elevated variable costs and revenue mix shifts. Management raised full-year 2026 guidance, increasing revenue outlook to $2.3 billion, adjusted EBITDA to $920 million, and net CAPEX to $375 million based on strong order book growth and improving leasing trends. Leasing revenue increased 6.2% year-over-year, driven by a 25.3% surge in delivery and installation revenue, while the company invested $114 million in net CAPEX for fleet readiness and new unit categories. The company reduced total debt by $27 million to $3,495 million, maintaining a net debt-to-EBITDA ratio of 3.7x with no debt maturities until August 2028 and approximately $1.5 billion available under its ABL facility.

19. Aug 6, 2026, 4:17 PM ET·PSIX·Industrials

    Power Solutions International — Second Quarter 2026 Earnings Summary

    POWER SOLUTIONS INTERNATIONAL INC

    Net sales declined 21% year-over-year to $152.5 million, while net income and diluted EPS dropped 67% and 67% respectively to $16.9 million and $0.73, primarily due to a $29.2 million prior-year tax benefit and softness in oil and gas markets. The company reported strong operating cash flow of $75.7 million for the first half of 2026, enabling a $30.8 million reduction in total debt to $72.6 million and increasing cash equivalents to $70.1 million. Full-year guidance was not provided; however, management expects second-half 2026 sales to exceed first-half levels and align with the second half of 2025, despite continued market softness and capacity ramp-up costs at Wisconsin operations. Strategic progress includes the January 2026 acquisition of MTL Manufacturing & Equipment for approximately $11.9 million to enhance vertical integration, alongside a 18.6% sequential sales increase in Q2 driven by strong demand for data center power solutions.

20. Aug 6, 2026, 4:16 PM ET·WLDN·Industrials

    Willdan Group — Second Quarter 2026 Earnings Summary

    WILLDAN GROUP INC

    Contract revenue rose 33.2% year-over-year to $231.0 million, while net income surged 57.7% to $24.3 million, driving GAAP diluted EPS to $1.58 and Adjusted Diluted EPS to $2.07. Fiscal Year 2026 guidance was raised across all key metrics: Net Revenue to $415–$430 million, Adjusted EBITDA to $103–$107 million, and Adjusted Diluted EPS to $5.00–$5.15 per share. Significant M&A activity occurred in the first half of 2026, with $50.5 million paid for acquisitions, resulting in a $54.1 million investing cash outflow and increased goodwill to $212.2 million. The Energy segment drove growth with a 38.0% increase in contract revenue to $202.6 million, supported by strong demand for grid reliability solutions and favorable business mix expansion. Liquidity tightened with cash and cash equivalents declining to $34.9 million from $65.9 million at the start of the year, while notes payable increased to $67.2 million, partially offset by $30.0 million in new borrowings.

21. Aug 6, 2026, 4:15 PM ET·ALTG·Industrials

    Alta Equipment Group Inc. — Second Quarter 2026 Earnings Summary

    ALTA EQUIPMENT GROUP INC

    Total revenues decreased 1.2% year-over-year to $475.5 million, while Adjusted EBITDA rose 0.2% year-over-year to $48.6 million; the company reported a net loss of $(8.2) million for the quarter, widening from $(6.8) million in the prior year period. Full-year 2026 Adjusted EBITDA guidance was tightened to a range of $167.5 million to $177.5 million, with management expecting to convert improving demand into profitable growth in the second half of the year. Gross profit margins expanded significantly across all segments, with new/used equipment margins up 130 basis points, Master Distribution margins up 760 basis points, and service margins up 160 basis points year-over-year. The company generated $26.1 million in net cash from operating activities year-to-date and noted improving booking trends and backlog levels, though it paid $0.7 million in preferred dividends with no common stock dividends or repurchases.

22. Aug 6, 2026, 4:14 PM ET·KDK·Industrials

    Kodiak AI — Q2 2026 Earnings Summary

    KODIAK AI INC

    Q2 2026 revenue reached $3.5 million, a 91% quarter-over-quarter increase, while six-month revenue totaled $5.3 million versus $2.0 million in the prior year period; however, Q2 net cash used in operating activities was $34.1 million and non-GAAP free cash flow was negative $38.1 million. The company advanced toward its targeted long-haul driverless launch by end-of-2026, achieving an Autonomy Readiness Measure of 91% and deploying seven additional trucks to reach a 35-vehicle customer-owned fleet. Strategic milestones included the launch of the seventh-generation (Gen7) Kodiak Driver platform with 50% more compute power, expansion to a second load-out point on Atlas's Dune Express system, and selection for Phase II of the Defense Innovation Unit's ROADS demonstration. Capital activities during the six months ended June 30, 2026, included $100.0 million in proceeds from a private placement of common stock and warrants and $7.2 million from warrant exercises, resulting in $151.1 million in cash and marketable securities at quarter-end.

23. Aug 6, 2026, 4:13 PM ET·VATE·Industrials

    INNOVATE Corp. — Second Quarter 2026 Earnings Summary

    INNOVATE CORP

    Consolidated revenue surged 74.2% year-over-year to $421.6 million for the quarter and 52.3% to $786.4 million for the six-month period, while the company returned to profitability with $10.4 million net income ($0.71 diluted EPS) compared to a $22.0 million loss in the prior year quarter. Adjusted EBITDA jumped 194.9% to $46.3 million for the quarter, driven primarily by DBM Global's record-breaking performance, which saw revenue rise 77.6% to $414.0 million and backlog grow to $2.7 billion. Significant strategic shifts include a partial sale of the Broadcasting subsidiary to CONX CORP. (INNOVATE retaining 25%), a $105 million loan agreement for Broadcasting, and the continuation of a sales process for substantially all DBMG assets. Despite operational improvements, the company faces substantial doubt regarding its ability to continue as a going concern, citing high indebtedness ($1.2 billion total liabilities), dependence on subsidiary distributions, and uncertainty surrounding the timing of strategic dispositions and regulatory approvals.

24. Aug 6, 2026, 4:12 PM ET·BLNK·Industrials

    Blink Charging — Second Quarter 2026 Earnings Summary

    BLINK CHARGING CO

    Total revenues declined 24.5% year-over-year to $21.7 million, driven by a 48.7% drop in product revenue, though service revenue grew 6.2% to $11.5 million (53% of total) and gross margin improved 2,200 basis points to 38.9% GAAP. Net loss narrowed significantly to $6.0 million ($0.04 per share) from a $29.3 million loss year-over-year, supported by a 57% reduction in operating expenses and a 72% improvement in adjusted EBITDA loss to $(2.2) million. Full-year 2026 revenue guidance was lowered to $83–$90 million from $105–$115 million, while the GAAP gross margin outlook was raised to approximately 38% with a target to reach adjusted EBITDA breakeven by year-end. Strategic portfolio optimization included the June 5, 2026, divestiture of Envoy Technologies, which eliminated car-sharing revenue and generated an $802 thousand gain, alongside a shift toward contract manufacturing and a long-term focus on recurring revenue streams.

25. Aug 6, 2026, 4:12 PM ET·CWST·Industrials

    Casella Waste Systems, Inc. — Second Quarter 2026 Earnings Summary

    CASELLA WASTE SYSTEMS INC

    Revenue rose 16.9% year-over-year to $543.7 million, while Adjusted EBITDA increased 12.5% to $123.2 million; however, Net Income declined 27.6% to $3.8 million due to higher interest and depreciation expenses. Fiscal 2026 revenue guidance was raised to $2.090–$2.110 billion to reflect acquisition activity and fuel recovery fees, though Net Income guidance was lowered to $0–$6 million. The company closed five acquisitions in 2026 totaling approximately $165 million in annualized revenues and reaffirmed guidance for Adjusted EBITDA, operating cash flow, and Adjusted Free Cash Flow. Operational highlights include 5.5% solid waste pricing growth and strong National Accounts performance, offset by a closure charge in Maine due to regulatory changes prohibiting biosolids land application.