For 2025, Mittelstaedt said solid waste core pricing of 6.5% exceeded the company’s expectations, helping expand an “outsized price-cost spread” and contributing to 100 basis points of underlying margin expansion in solid waste. He acknowledged that reported results faced headwinds from a second straight year of declines in recycled commodity values and renewable energy credits tied to landfill gas sales, as well as “continued sluggishness” in underlying solid waste volumes.Management tied these improvement ...