Casella Waste Q2 revenue beats estimates on acquisitions

Casella Waste Systems

06/08/2026 21:29

Overview
US solid waste services firm's Q2 revenue rose 16.9%, beating analyst expectations
Adjusted EPS and adjusted net income for Q2 beat analyst expectations
Company completed five acquisitions in 2026, raising full-year revenue guidance

Outlook
Casella Waste Systems raises 2026 revenue guidance to $2.09 bln-$2.11 bln from $2.06 bln-$2.08 bln
Company lowers 2026 net income forecast to $0-$6 mln from $4-$10 mln
Casella Waste Systems maintains 2026 adjusted EBITDA guidance at $473 mln-$483 mln

Result Drivers
ACQUISITIONS - Revenue growth mainly driven by acquisitions, including rollover contribution from prior deals
STRONG PRICING - Higher collection and disposal pricing contributed to revenue gains
LANDFILL VOLUMES - Increased landfill volumes supported by third-party sales and internalization

Company press release: ID:nGNX7c38CC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$543.74 mln
$525.33 mln (10 Analysts)
Q2 Adjusted EPS
Beat
$0.40
$0.30 (11 Analysts)
Q2 EPS
 
$0.06
 
Q2 Adjusted Net Income
Beat
$25.30 mln
$16.94 mln (8 Analysts)
Q2 Net Income
 
$3.80 mln
 
Q2 Adjusted EBITDA
Slight Beat*
$123.23 mln
$123.17 mln (11 Analysts)
Q2 Operating income
 
$20 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Casella Waste Systems, Inc. is $116.50, about 29.4% above its August 5 closing price of $90.04
The stock recently traded at 66 times the next 12-month earnings vs. a P/E of 61 three months ago

Reuters Recommended Reads
Aug 6 - Finland's Lassila & Tikanoja beats Q2 sales estimates on strength in Waste Management and Recycling segment
Aug 5 - Onterris Q2 revenue misses estimates, cuts 2026 outlook
Aug 5 - Ecovyst beats Q2 sales estimates, raises FY guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)