Casella Waste Systems reported higher third-quarter revenue and adjusted EBITDA, while its bottom line swung to a loss after an impairment charge. The solid-waste company also reported stronger year-to-date operating cash flow, lower adjusted free cash flow, and six business acquisitions in the first nine months of 2026.
Key details
- Revenue rose 15.2% to $559.2 million in the quarter ended Sept. 30, an increase of $73.9 million from a year earlier.
- Solid-waste pricing increased 5.5% year over year. Collection prices rose 5.9%, while disposal prices increased 4.8%.
- Casella recorded a $7.0 million net loss, compared with net income of $10.0 million in the third quarter of 2025. The company attributed the change to an impairment charge but did not give its amount or further details in the release excerpt.
- Adjusted net income was $22.3 million, down $5.1 million from a year earlier. This measure excludes certain items and is not calculated on the same basis as reported net income.
- Adjusted EBITDA increased 11.4% to $133.5 million, up $13.6 million year over year.
- For the first nine months of 2026, cash from operating activities totaled $241.8 million, up $8.6 million, or 3.7%, from the same period in 2025.
- Adjusted free cash flow was $111.1 million year to date, down $8.4 million, or 7.0%, from a year earlier.
- Casella acquired six businesses during the first nine months of 2026. The release excerpt does not provide complete details about their size or financial contribution.
Plain-English implications
The quarter showed growth in revenue, pricing and adjusted EBITDA, alongside a reported net loss tied to an impairment charge. Year-to-date operating cash flow improved, but adjusted free cash flow declined.