Description

Casella Waste Systems: The $150 Million Acquisition Test Behind Raised Guidance!

Casella Waste Systems, Inc. reported a solid financial performance in the first quarter of 2026, marked by revenue growth, margin expansion, and strategic progress despite certain operational challenges. Revenues increased 9.6% year-over-year to $457.3 million, driven by acquisitions contributing $23.9 million and same-store growth of 3.9%. The company attributed revenue growth primarily to strong pricing gains across its collection and disposal segments, with solid waste pricing rising 5.1% overall—5.3% in collection and 4.7% in disposal. Volume declines of approximately 2.5% were mainly due to adverse winter weather conditions; however, landfill tons increased by 2.3%, with Construction & Demolition volumes rising 13% year-over-year. The increase in landfill volumes was supported by a robust sales pipeline and internalization efforts, supported by a unique landfill asset base in the Northeast. Adjusted EBITDA grew 12.3% to $97.1 million, reflecting margin expansion of 50 basis points to 21.