Casella Waste Systems Inc

Casella Waste Systems reported second-quarter revenue of $543.7 million, up 16.9% year over year, but GAAP net income fell 27.6% to $3.8 million, prompting the company to raise its full-year revenue guidance while cutting its net income outlook. The company closed five acquisitions in 2026 with roughly $165 million in combined annualized revenue, and solid waste pricing climbed 5.5%, helping drive top-line growth. However, higher depreciation, amortization, and interest expenses tied to acquisition growth squeezed profitability, with operating income rising just 3.6% to $20.0 million. Management now expects full-year revenue between $2.09 billion and $2.11 billion, up from the prior range, but lowered net income guidance to $0 to $6 million from $4 million to $10 million. Adjusted EBITDA rose 12.5% to $123.2 million, and adjusted free cash flow increased 10.3% to $78.1 million for the first half.