Casella Waste Systems Reports Q3 2026 Revenue Growth Driven by Acquisitions and Organic Pricing
Casella Waste Systems (CWST) reported third-quarter revenue of $559.2 million, representing a 15.2% increase compared to the previous year. This growth was fueled by $41.3 million in acquisition contributions and 6.7% organic growth. While Adjusted EBITDA rose 11.4% to $133.5 million, the company's adjusted EBITDA margin saw an 80-basis-point decline to 23.9%, impacted by rising fuel costs, regional operational delays in the Mid-Atlantic, and lower recycling volumes. Despite these headwinds, management raised its full-year revenue guidance to a range of $2.1 billion to $2.11 billion. The company is focusing on long-term margin expansion through its '303 Plan,' which targets a 26% adjusted EBITDA margin by 2029 via automation and organizational efficiencies. Strategic cost-saving measures, including workforce reductions and back-office automation, are expected to contribute significantly to future profitability.
Tickers: $CWST
Topics: acquisitions EBITDA operating margins revenue growth