Casella Waste Raises Revenue Outlook After Q3 Sales Climb 15.2%
Casella Waste Systems said Monday its third-quarter revenue rose 15.2% to $559.2 million and raised its full-year revenue forecast, though an impairment charge pushed the company to a quarterly loss, according to its earnings release.
The net loss was $7.0 million, compared with net income of $10.0 million a year earlier. Adjusted net income fell to $22.3 million, down $5.1 million. Adjusted EBITDA rose 11.4% to $133.5 million.
Solid waste pricing rose 5.5% from a year earlier, with collection prices up 5.9% and disposal prices up 4.8%.
Guidance changes
Casella now expects 2026 revenue of $2.100 billion to $2.110 billion, up from a prior range of $2.090 billion to $2.110 billion, reflecting higher floating fuel fees. It narrowed its adjusted EBITDA range to $475 million to $481 million from $473 million to $483 million.
The company lowered its GAAP outlook to a net loss of $4 million to $10 million, from prior guidance of net income of zero to $6 million. It reaffirmed adjusted free cash flow guidance of $200 million to $210 million.
Mid-Atlantic
Chief Executive Ned Coletta said results in the Mid-Atlantic region were "slightly behind plan" in the quarter. He said the company strengthened regional leadership, consolidated routes, rolled out floating fuel fees and raised prices there.
Casella has acquired six businesses in the first nine months of 2026, which bring more than $170 million of combined annualized revenue, the company said. Year-to-date adjusted free cash flow was $111.1 million, down 7.0%.
By the numbers
- Q3 revenue: $559.2 million, up 15.2%
- Adjusted EBITDA: $133.5 million, up 11.4%
- Net loss: $7.0 million
- Solid waste pricing: up 5.5%
- 2026 revenue outlook: $2.100 billion to $2.110 billion
Sources
- Form 8-K with Exhibit 99.1 earnings release, Casella Waste Systems, Inc., filed Nov. 9, 2026, accession 0000911177-26-000057
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