Key Points – Strong Q2 performance: Revenue rose 16.9% to $543.7 million, driven by acquisitions, 5.5% pricing growth and an 8.4% increase in landfill volumes.
Adjusted EBITDA increased 12.5% to $123.2 million, although margins faced pressure from fuel recovery fees and resource solutions. – 2026 outlook raised: Casella increased full-year revenue guidance by $30 million to $2.09 billion–$2.11 billion, while reaffirming adjusted EBITDA of $473 million–$483 million and adjusted free cash flow of $200 million–$210 million
GAAP net income guidance was lowered to $0 million–$6 million because of higher amortization and taxes. – Integration and expansion remain priorities: The company completed five acquisitions totaling about $165 million in annualized revenue, is targeting $15 million in Mid-Atlantic cost savings by 2028, and is advancing landfill expansions expected to support long-term capacity. – 3 Waste Stocks Turning AI Investments Into Growth Casella Waste Systems (NASDAQ:CWST) reported second-quarter revenue growth of 16.9% as acquisitions, pricing gains and higher landfill volumes supported results, while the company raised its full-year revenue outlook and reaffirmed its adjusted EBITDA and cash-flow guidance. Revenue for the quarter totaled $543.7 million, an increase of $78.4 million from a year earlier. Acquisitions, including rollover activity, contributed $46.2 million of the increase, while same-store growth accounted for $32.2 million, or 6.9%, Chief Financial Officer Brad Helgeson said during the company’s earnings call.
Adjusted EBITDA rose 12.5% year over year to $123.2 million. Adjusted EBITDA margin was 22.7%, down 80 basis points from the prior-year quarter, reflecting the effect of fuel recovery fees and costs as well as headwinds in the resource solutions segment. Excluding fuel and resource solutions, Helgeson said the business expanded margins by 30 basis points, including the dilutive effect of acquisitions.