Casella Waste Systems, Inc. Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $559.2 million, up 15.2% year over year
- ➤Q3 Adjusted EBITDA $133.5 million, up 11.4% year over year
- ➤2026 revenue guidance raised to $2.100 billion-$2.110 billion
- ➤2026 Adjusted EBITDA guidance narrowed to $475 million-$481 million
- ➤2026 guidance now projects net loss of $4 million-$10 million
Expert Statements
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“We again delivered solid top-line revenue and Adjusted EBITDA growth in the third quarter with strong performance across most of our business.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“Solid waste pricing was robust, up 5.9% in collection and up 4.6% at our landfills, along with 12.8% landfill volume growth.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“We remain highly confident in our operating plans for this year, supported by strong fourth quarter performance visibility, and as such have narrowed our 2026 guidance on Adjusted EBITDA and maintained our Adjusted Free Cash Flow guidance, while raising our revenue guidance to reflect higher floating fuel fees.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“During the third quarter in our Mid-Atlantic region, we moved aggressively to strengthen regional leadership and provide corporate support to accelerate operational initiatives, including route consolidation and efficiencies, rolling out floating fuel fees consistent with our companywide programs, and implementing price increases to offset cost inflation.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“Although our results in the Mid-Atlantic were slightly behind plan in the quarter, we have seen a definitive positive inflection point in the region entering the fourth quarter, with October Mid-Atlantic Adjusted EBITDA margins up approximately 150 basis points from August and up over 300 basis points year-over-year.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“While meaningful work remains, we expect these targeted actions to drive sustained regional performance gains through the remainder of the year and into 2027.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“We continued to make significant progress on our multi-year G&A cost reduction and margin expansion objectives, completing the initial steps of our planned organizational transformation in late September and implementing credit card convenience fees throughout the quarter, with cost reduction benefits of both efforts expected to be reflected in the fourth quarter.”
Ned Coletta, President and CEO of Casella Waste Systems, Inc.
“We believe we are well positioned for strong growth in 2027 and a minimum of 300 basis points of Adjusted EBITDA margin expansion over the next three years.”
RUTLAND, Vt., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three and nine month periods ended September 30, 2026.
Key Highlights: * Revenues were $559.2 million for the quarter, up $73.9 million, or up 15.2%, from the same period in 2025. * Solid waste pricing for the quarter was up 5.5% from the same period in 2025, driven by 5.9% collection price growth and 4.8% disposal price growth. * Net loss was $(7.0) million for the quarter, as compared to net income of $10.0 million for the same period in 2025, impacted by an impairment charge described below. Adjusted Net Income, a non-GAAP measure, was $22.3 million for the quarter, down $(5.1) million from the same period in 2025. * Adjusted EBITDA, a non-GAAP measure, was $133.5 million for the quarter, up $13.6 million, or up 11.4%, from the same period in 2025. * Net cash provided by operating activities was $241.8 million for the year-to-date period, up $8.6 million, or up 3.7%, from the same period in 2025. * Adjusted Free Cash Flow, a non-GAAP measure, was $111.1 million for the year-to-date period, down $(8.4) million, or down (7.0)%, from the same period in 2025. * Acquired six businesses in the first nine months of 2026 with over $170 million in aggregate annualized revenues. * Narrowed 2026 guidance for Adjusted EBITDA, reaffirmed guidance for Adjusted Free Cash Flow and raised guidance for revenues. “We again delivered solid top-line revenue and Adjusted EBITDA growth in the third quarter with strong performance across most of our business,” said Ned Coletta, President and CEO of Casella Waste Systems, Inc. “Solid waste pricing was robust, up 5.9% in collection and up 4.6% at our landfills, along with 12.8% landfill volume growth. Where fully implemented, floating fuel fees continued to insulate our business from the impact of elevated and volatile fuel prices. We remain highly confident in our operating plans for this year, supported by strong fourth quarter performance visibility, and as such have narrowed our 2026 guidance on Adjusted EBITDA and maintained our Adjusted Free Cash Flow guidance, while raising our revenue guidance to reflect higher floating fuel fees.”
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