Environmental Services Stocks Post Mixed Q1 as Veralto Beats Estimates

Earnings
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Summary · why it matters

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.

Impact on stocks 5

Climate Adaptation & Water± Mixed · 4 stocks
Onterris
ONT
▼ NegativeCapitalrelevance

Revenues fell 5.2%, missing estimates by 6.2%.

Veralto Corporation
VLTO
▲ PositiveCapitalrelevance

Beat revenue estimates by 1.6%, beat adjusted operating income estimates, and issued full-year EPS guidance slightly above consensus.

Republic Services Inc
RSG
± MixedCapitalrelevance

Met expectations with revenues up 2.6%, but no strong positive or negative surprise.

Industrials · 1 stocks