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Waste and Recycling Earnings: Fourth Quarter 2022 and 2023 Outlook Themes

February 27, 2023

Via: Waste360

The publicly-traded solid waste companies reported their fourth quarter 2022 results and presented their 2023 outlooks over the past several weeks. In this edition of the Business Report, we highlight the common themes, as well as note the differences, in both the reports and outlooks.

Pricing Ends 2022 on a High Note, But Volumes Are Lighter

Across the board, pricing in the fourth quarter was higher than expected and generally up sequentially. GFL Environmental (GFL) and Waste Connections (WCN) led the pack, with solid waste core pricing of 9.9% and 9%, respectively, while Republic Services (RSG) and WM (WM) reported yield of 5.9% and 7.7%, respectively, all up sequentially and significantly.

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