Casella Waste Systems reports Q3 loss, raises revenue guidance and unveils margin‑boost plan
Casella Waste Systems posted Q3 2026 revenue of $559.2 million, up 15.2% year‑over‑year, but recorded a net loss of $7.0 million and adjusted earnings per share of $0.35, missing analyst estimates. CEO Ned Coletta announced a “300 in 3” initiative to lift adjusted EBITDA margin to at least 26% by 2029 and raised full‑year revenue guidance to $2.10‑$2.11 billion while narrowing adjusted EBITDA guidance. The company also took a $13.6 million write‑off related to a halted New Hampshire landfill project.
Why it matters
The higher revenue outlook expands FY2026 top‑line expectations, and the margin‑target plan signals a path to stronger profitability that could improve valuation. UBS noted the earnings miss but the guidance lift may temper the stock’s recent decline.
Key facts
- 1Q3 2026 revenue was $559.2 million, up $73.9 million or 15.2% from the same quarter in 2025. vermontbiz.com
- 2The quarter produced a net loss of $(7.0) million, compared with net income of $10.0 million a year earlier. vermontbiz.com
- 3Adjusted earnings per share were $0.35, missing consensus expectations. finance.yahoo.com
- 4Full‑year 2026 revenue guidance was raised to a range of $2.10 billion to $2.11 billion. finance.yahoo.com
- 5The company launched a “300 in 3” plan aiming for an adjusted EBITDA margin of at least 26% by 2029. finance.yahoo.com
- 6A $13.6 million write‑off was recorded for the abandoned Granite State landfill project in New Hampshire. finance.yahoo.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.