Key Highlights:
- Revenues were $543.7 million for the quarter, up $78.4 million, or up 16.9 percent, from the same period in 2025.
- Solid waste pricing for the quarter was up 5.5 percent from the same period in 2025, driven by 5.8 percent collection price growth and 4.7 percent disposal price growth.
- Net income was $3.8 million for the quarter, as compared to $5.2 million for the same period in 2025. Adjusted Net Income, a non-GAAP measure, was $25.3 million for the quarter, up $1.1 million, or up 4.6 percent, from the same period in 2025.
- Adjusted EBITDA, a non-GAAP measure, was $123.2 million for the quarter, up $13.7 million, or up 12.5 percent, from the same period in 2025.
- Net cash provided by operating activities was $161.0 million for the year-to-date period, up $21.4 million, or up 15.3 percent, from the same period in 2025.
- Adjusted Free Cash Flow, a non-GAAP measure, was $78.1 million for the year-to-date period, up $7.3 million, or up 10.3 percent, from the same period in 2025.
- Acquired five businesses to date in 2026 with approximately $165 million in aggregate annualized revenues.
“We delivered another quarter of solid financial and operating performance as our teams continued to execute at a high level across the business,” said Ned Coletta, president and chief executive officer of Casella Waste Systems, Inc. “Our disciplined operating approach, strong pricing execution, healthy landfill volumes and continued acquisition activity drove positive results during the quarter. The momentum we have built through the first half of the year, together with the strength of our operating platform, reinforces our confidence in our strategy and execution for the remainder of the year.”
“Our core business continued to perform well during the quarter,” Coletta said. “Solid waste pricing remained strong, including disposal pricing of 4.7 percent, with municipal solid waste and construction & demolition pricing growth of 4.5 percent at the landfills. As we advanced pricing, landfill volumes also increased year-over-year.”
“Notably, as fuel prices rapidly increased this year and remained elevated through the second quarter, our floating fuel recovery fees offset this higher cost, although resulting in a headwind to Adjusted EBITDA margins of 40 basis points. At the same time, our teams remained focused on driving results through our key operating programs as well as acquisition integration, including continued progress within our Mid-Atlantic region, where we have completed our systems integration work, initiated various route optimization initiatives, and look to further execute against our plan in the second half of the year.”
Published September 2026