Casella Waste Systems Reports 9.6% Revenue Increase to $457.3 Million in Q1 2026

Casella Waste Systems, Inc. reported a revenue increase of 9.6% for the first quarter of 2026, reaching $457.3 million compared to $417.1 million in the same period of 2025. The company's operating income also improved, rising to $4.9 million from $3.1 million year-over-year. However, the company recorded a net loss of $5.5 million, slightly higher than the $4.8 million loss reported in the previous year. The basic and diluted loss per share attributable to common stockholders was $(0.09), compared to $(0.08) in the prior year.

The increase in revenue was primarily driven by a 10% growth in solid waste revenues, which amounted to $368.5 million, up from $334.9 million. This growth was attributed to higher collection pricing and contributions from acquisitions, which added approximately $23.3 million to revenues. However, the company experienced a decline in collection and disposal volumes, which negatively impacted overall revenue growth. Operating expenses also rose, totaling $452.5 million, up from $413.9 million, largely due to increased costs associated with acquisitions and inflationary pressures.

In terms of strategic developments, Casella Waste Systems completed one acquisition during the quarter, which included the purchase of Star Waste Systems Holdings, LLC, expanding its operations in eastern Massachusetts and southern New Hampshire. The company has also been actively integrating previously acquired businesses, which has contributed to its revenue growth. As of March 31, 2026, the company operated 88 solid waste collection operations, 74 transfer stations, and 34 recycling facilities across eleven states.

Operationally, the company reported a decrease in total current liabilities, which fell to $260.0 million from $293.9 million at the end of 2025. This reduction was driven by a decrease in accrued payroll and related expenses, as well as accounts payable. The company’s cash and cash equivalents increased slightly to $126.9 million, while total debt, less current portions, remained stable at approximately $1.1 billion. The company continues to maintain compliance with its financial covenants under its credit agreement.

Looking ahead, Casella Waste Systems expressed optimism about its growth trajectory, citing ongoing demand for solid waste services and the potential for further acquisitions. The company plans to leverage its operational efficiencies and pricing strategies to mitigate the impact of inflation and rising operational costs. Management remains focused on enhancing its service offerings and expanding its geographic footprint to drive future revenue growth.