This Week in Waste: Top Stories July 25- 29

1. WM Demonstrates Positive Outlook Following Strong Q2 2022 Earnings

Liz Bothwell

On July 27th, Waste Management released results from the second quarter of the fiscal year. Due to pricing results and sustainability contributions, a revenue of over $5 billion was achieved for the first time in the company's history. “Our strong start to the year gives us confidence," commented president and CEO Jim Fish.

Read the full report here.

2. GFL Sees 2022 Q2 Revenue Grow 40.4 Percent from Previous Year's Quarter

Stefanie Valentic

Ending the fiscal quarter, GFL Environmental noted experiencing a 40.4 percent revenue increase compared to the second quarter of 2021. This significant growth is thanks to the company's Solid Waste and Environmental Services department, which saw tremendous success this quarter. The company celebrates its business model's success while inflation rises.

Read more here.

3. Heritage-Crystal Clean Reports Record-High Net Income of $21.1 Million in Q2

Jonathan Pierron

Heritage-Crystal Clean Inc. announced a 39.7 percent increase in net income between Q2 of 2021 and Q2 of 2022. Different sectors of the company experienced different results this quarter with the Environmental Services sector taking a small decline in revenue growth and the Oil Business segment leading substantial growth. President of the company Brian Reccatto is looking forward to next quarter in which an acquisition deal is expected to be completed and strengthen results in that quarter's results.

Read the full story here.

4. Casella Boosts Full-Year Guidance Following 31.4 Percent Q2 Revenue Growth

Stefanie Valentic

Reporting on results from the second quarter of this fiscal year, Casella Waste Systems, Inc. announced revenue of $283.7 million. This is up by 31.4 percent when compared to the same quarter of last year. "These guidance ranges assume a stable economic environment through the remainder of the year, including the current historically high inflationary environment" CEO John W. Casella highlighted.

Read more here.

5. How Russia's Waste Industry Intersects with Environmental Authoritarianism

Jonathan Pierron

The waste industry and its impacts take numerous forms throughout the world depending on a lengthy list of variables that differ country by country. As a means of understanding these different forms, researchers create different theories surrounding the issue. Environmental Authoritarianism is one of these theories and applies to counties with authoritarian-style governments. This research review and summary looks at a report studying this theory in Russia and whether or not it has an impact on the successes of the waste industry in the nation.

Read more here.