OnterrisRevenues fell 5.2%, missing estimates by 6.2%.
Environmental and facilities services stocks reported mixed first-quarter results, with the 11 companies tracked collectively missing revenue estimates by 0.9%. Veralto, spun off from Danaher in 2023, posted revenues of $1.42 billion, up 6.8% year on year and exceeding expectations by 1.6%, while also beating adjusted operating income estimates and issuing full-year EPS guidance slightly above consensus. Onterris, which provides air quality and environmental consulting services, saw revenues fall 5.2% to $168.5 million, missing estimates by 6.2% but beating on EPS and adjusted operating income. Perma-Fix, a hazardous waste treatment firm, delivered the weakest performance with revenues down 20.1% to $11.13 million, missing estimates by 14.4% and significantly missing adjusted operating income projections. Waste Connections, North America's third-largest waste management company, reported revenues of $2.37 billion, up 6.4% and beating estimates by 0.8%, while Republic Services met expectations with revenues of $4.11 billion, up 2.6%. On average, share prices across the group have declined 2.4% since the latest earnings results.
OnterrisRevenues fell 5.2%, missing estimates by 6.2%.
Veralto CorporationBeat revenue estimates by 1.6%, beat adjusted operating income estimates, and issued full-year EPS guidance slightly above consensus.
Republic Services IncMet expectations with revenues up 2.6%, but no strong positive or negative surprise.
Waste Connections IncRevenues up 6.4%, beating estimates by 0.8%.
Perma-Fix Environmental Svcs IncRevenues down 20.1%, missing estimates by 14.4%, and significantly missing adjusted operating income projections.