Quarterly ResultApr 30, 2026, 04:04 PM
CWST Q1 Revenue +9.6% to $457.3M; Adj EBITDA +12.3%; Raises FY26 Guidance
AI Summary
Casella Waste Systems reported Q1 2026 revenues of $457.3 million, a 9.6% increase year-over-year, with Adjusted EBITDA up 12.3% to $97.1 million. The company also announced the acquisition of four businesses in 2026, including Star Waste Systems, adding approximately $150 million in annualized revenues. Following a strong start to the year, CWST raised its fiscal year 2026 guidance for revenues, Adjusted EBITDA, and Adjusted Free Cash Flow, while lowering its net income guidance.
Key Highlights
- Acquired four businesses in 2026 with approximately $150 million in aggregate annualized revenues.
- Q1 2026 Revenues were $457.3 million, up 9.6% from Q1 2025.
- Q1 2026 Adjusted EBITDA was $97.1 million, up 12.3% from Q1 2025.
- Q1 2026 Net loss was $(5.5) million, compared to $(4.8) million in Q1 2025.
- Q1 2026 Adjusted Net Income was $12.8 million, up 5.2% from Q1 2025.
- Q1 2026 Net cash provided by operating activities was $62.3 million, up 24.2%.
- Raised FY26 revenue guidance to $2.060B-$2.080B (from $1.970B-$1.990B).
- Raised FY26 Adjusted EBITDA guidance to $473M-$483M (from $455M-$465M).