OnterrisOnterris posted the best quarter with a beat on EPS and adjusted operating income despite a 5.2% revenue decline.
The first-quarter waste management earnings season delivered mixed results, with the eight tracked companies missing revenue consensus by 2.7% as a group. Republic Services reported revenues of $4.11 billion, up 2.6% year on year and in line with expectations, while Onterris posted the best quarter with a beat on EPS and adjusted operating income despite a 5.2% revenue decline. Perma-Fix was the weakest performer, with revenues falling 20.1% year on year and missing estimates by 14.4%, along with significant misses on adjusted operating income and EBITDA. Quest Resource saw revenues drop 9.8% year on year, slightly below expectations, and Clean Harbors reported a 1.9% revenue increase to $1.46 billion but missed estimates by 0.7%. Share prices have been resilient overall, rising 5.7% on average since the latest earnings results.
OnterrisOnterris posted the best quarter with a beat on EPS and adjusted operating income despite a 5.2% revenue decline.
Quest Resource Holding CorpQuest Resource saw revenues drop 9.8% year on year, slightly below expectations.
Clean Harbors IncClean Harbors reported a 1.9% revenue increase to $1.46 billion but missed estimates by 0.7%.
Republic Services IncRepublic Services reported revenues of $4.11 billion, up 2.6% year on year and in line with expectations, but overall group missed consensus.
Perma-Fix Environmental Svcs IncPerma-Fix revenues fell 20.1% year on year, missing estimates by 14.4%, with significant misses on adjusted operating income and EBITDA.