Recent Updates — CWST
Casella Waste Systems reported second quarter 2026 results with revenues of $543.7 million, a 16.9% increase year-over-year, driven by acquisitions and pricing growth. Net income declined to $3.8 million from $5.2 million in the prior year period due to higher interest expense and depreciation, while Adjusted EBITDA rose 12.5% to $123.2 million. The company raised its full-year revenue guidance to between $2.09 billion and $2.11 billion but lowered net income guidance to a range of $0 to $6 million from $4 million to $10 million. Casella Waste Systems operates in the solid waste, recycling, and resource management services industry.
Casella Waste Systems entered into an employment agreement with Damian A. Ribar, who was appointed Executive Vice President and Chief Operating Officer effective July 20, 2026. Mr. Ribar will receive an annual base salary of $500,000 and is eligible for an annual bonus of up to 85% of his base salary, which may be paid in cash, stock options, RSUs, or PSUs. The agreement includes severance terms providing for the sum of his highest base salary and target annual cash incentive, accrued unpaid compensation, one year of healthcare benefits, and accelerated vesting of equity grants if terminated without cause or for good reason. The company operates in the waste management industry, providing collection, transfer, disposal, and recycling services.
Casella Waste Systems, Inc. appointed Damian A. Ribar as Executive Vice President and Chief Operating Officer, effective July 20, 2026. Mr. Ribar's compensation package includes a $500,000 annual base salary, an 85% target cash bonus, and annual restricted and performance stock unit awards valued at $200,000 and $600,000 respectively. Casella Waste Systems, Inc. provides solid waste management and recycling services.
At the 2026 Annual Meeting of Stockholders, Casella Waste Systems, Inc. elected four Class II directors (Michael L. Battles, Edmond R. Coletta, Joseph G. Doody, and Emily Nagle Green) and approved advisory "say-on-pay" compensation and the ratification of RSM US LLP as independent auditors. A quorum was present with 70,229,069 votes represented.