Group 1: Technology Stocks Performance - Technology stocks have experienced significant growth over the past decade, driven by transformative products that have changed consumer behavior [1] - Digital channels such as social media and online services have become integral to daily life, influencing various sectors [1] Group 2: Consumer Staples Sector - Companies in the Consumer Staples sector, such as waste management and uniform providers, have shown strong performance despite being less flashy [2][3] - These businesses benefit from steady demand regardless of economic conditions, providing stability and predictability [3] Group 3: Company Performance - Cintas (CTAS) has gained +810% over the last decade, significantly outperforming the S&P 500's +325% gain, with an annualized return of +24.6% [4] - Waste Management (WM) has also outpaced the S&P 500, demonstrating resilience during market volatility, particularly in 2022 [5] Group 4: Investment Insights - Investing in less-discussed companies like Cintas and Waste Management can yield substantial returns without the volatility associated with tech stocks [8] - These companies exemplify the idea that consistent and dependable growth can come from executing simple business models exceptionally well [8]

Q3 2025 Financial Performance - Revenues remained relatively unchanged at $575 million compared to $574 million in Q3 2024[11] - GAAP Income from Continuing Operations showed a decrease of 82%, falling from $(11) million in Q3 2024 to $(20) million in Q3 2025[11] - Adjusted EBITDA decreased by 12%, from $85 million in Q3 2024 to $74 million in Q3 2025, representing a margin of 12.9% compared to 14.8% in the previous year[11] - Adjusted diluted loss per share from continuing operations was $(0.08), compared to $(0.01) in Q3 2024[11] - Adjusted Free Cash Flow was $6 million, a significant change from $(34) million in Q3 2024[11] Segment Performance - Harsco Environmental's revenues decreased by 6% to $261 million, and Adjusted EBITDA decreased by 17% to $44 million[12] - Clean Earth's revenues increased by 6% to $250 million, and Adjusted EBITDA increased by 4% to $43 million[16] - Harsco Rail's revenues increased by 10% to $64 million, but Adjusted EBITDA decreased by 48% to $(4) million[20] Revised 2025 Outlook - GAAP Loss from Continuing Operations is projected to be between $(103) million and $(93) million, revised from the prior outlook of $(74) million to $(56) million[24] - Adjusted EBITDA is expected to be between $268 million and $278 million, revised from the prior outlook of $290 million to $310 million[24] - Adjusted Free Cash Flow is projected to be between $(30) million and $(20) million, revised from the prior outlook of $15 million to $35 million[24]

Core Insights - Enviri Corporation reported third quarter 2025 revenues of $575 million, with a GAAP loss from continuing operations of $20 million and an adjusted EBITDA of $74 million [1][6][7] Financial Performance - Revenues remained stable at $575 million compared to Q3 2024, with Clean Earth and Harsco Rail showing revenue increases, while Harsco Environmental experienced a decline [5][6] - The GAAP diluted loss per share from continuing operations was $0.26, compared to a loss of $0.15 in Q3 2024, while the adjusted diluted loss per share was $0.08, compared to $0.01 in the prior year [2][4] - Adjusted EBITDA decreased to $74 million from $85 million in Q3 2024, with Clean Earth contributing positively but offset by lower performance in other segments [7][8] Segment Performance - Harsco Environmental reported revenues of $261 million, down from $279 million in Q3 2024, with an adjusted EBITDA of $44 million compared to $53 million [8] - Clean Earth achieved revenues of $250 million, a 6% increase from $237 million in Q3 2024, with adjusted EBITDA of $43 million, slightly up from $42 million [9] - Harsco Rail's revenues increased to $64 million from $58 million, but it still reported an adjusted EBITDA loss of $4 million, worsening from a loss of $2 million in the prior year [10][11] Cash Flow and Outlook - Net cash provided by operating activities was $34 million, significantly up from $1 million in the prior year, while adjusted free cash flow improved to $6 million from a negative $34 million [12] - The company revised its full-year outlook for adjusted EBITDA to a range of $268 million to $278 million, down from previous estimates, and free cash flow is now expected to be negative [13][17] - The company amended its credit agreement to enhance financial flexibility, allowing for potential strategic alternatives [18] Strategic Initiatives - The company is focused on strategic improvement initiatives and exploring strategic alternatives to unlock portfolio value, with expectations to conclude this process by year-end [3][18]

Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) will be announcing earnings results this Monday morning. Here’s what you need to know. Perma-Fix missed analysts’ revenue expectations by 11.1% last quarter, reporting revenues of $14.59 million, up 4.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a miss of analysts’ EBITDA estimates. Is Perma-Fix a buy or sell going into earnings? Read our full analysis here, ...

Core Viewpoint - Avalon Holdings Corporation reported a slight increase in net operating revenues for Q3 2025 compared to Q3 2024, but a decline in revenues for the first nine months of 2025 compared to the same period in 2024 [2][3]. Financial Performance - Net operating revenues for Q3 2025 were $25.7 million, up from $24.2 million in Q3 2024, representing a year-over-year increase of approximately 6.2% [2]. - Net income attributable to common shareholders for Q3 2025 was $1.9 million, compared to $1.8 million in Q3 2024, indicating a growth of about 5.6% [2]. - Basic net income per share for Q3 2025 was $0.49, an increase from $0.47 in Q3 2024 [2]. - For the first nine months of 2025, net operating revenues totaled $62.1 million, down from $66.2 million in the same period of 2024, reflecting a decrease of approximately 6.2% [3]. - Net income for the first nine months of 2025 was approximately $0.7 million, a significant decline from $1.8 million in the first nine months of 2024 [3]. - Basic net income per share for the first nine months of 2025 was $0.17, compared to $0.47 in the same period of 2024 [3]. Business Operations - Avalon Holdings Corporation provides waste management services to various sectors including industrial, commercial, municipal, and governmental customers in selected northeastern and midwestern U.S. markets [4]. - The company also offers captive landfill management services and salt water injection well operations, alongside operating Avalon Resorts and Clubs Inc., which includes a hotel, golf courses, and a multipurpose recreation center [4].

Group 1 - The global economy and financial markets are undergoing an unprecedented technological and industrial revolution, particularly with advancements in artificial intelligence [1] - The investment philosophy focuses on high-quality U.S.-based growth stocks, low-cost diversified index funds, and select alternative assets like gold, silver, and cryptocurrency [1] - The portfolio strategy emphasizes long-term compounding, balancing conviction in individual companies with broad market exposure [1] Group 2 - The analyst has a beneficial long position in WM shares, indicating confidence in the company's performance [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Seeking Alpha emphasizes that past performance does not guarantee future results and that no specific investment advice is provided [3] - The platform hosts a variety of analysts, including both professional and individual investors, who may not be licensed or certified [3]

Market Overview - The global packaging waste management market reached approximately USD 39.78 billion in 2025 and is projected to grow to USD 54.21 billion by 2034, indicating a significant growth trajectory [1] - The market is expanding steadily due to increasing recycling awareness, stringent government regulations, and growing environmental concerns [7][10] - The rise in packaging requirements from the industrial and e-commerce sectors is driving the demand for effective waste management solutions [7] Regional Analysis - Asia Pacific dominated the packaging waste management market in 2024, driven by fast industrialization, growing consumer spending, and e-commerce [10] - North America is expected to experience notable growth with a significant CAGR between 2025 and 2034, supported by strict environmental regulations and advanced recycling technologies [13] - The residential sector is the fastest-growing segment in North America, fueled by urbanization and increased consumer awareness [21] Waste Type Analysis - The plastic waste segment contributed the largest share in 2024, as plastic is widely used in consumer goods packaging [5][16] - The paper and paperboard waste segment is projected to grow at a notable CAGR between 2025 and 2034, driven by the transition to recyclable materials [5][17] Service Type Analysis - The disposal segment was the largest contributor in 2024, as landfill and incineration remain primary waste management methods in developing economies [5][18] - The recycling and resource recovery segment is the fastest-growing, propelled by the financial advantages of material reuse and advancements in recycling technologies [5][19] End Use Analysis - The new packaging production segment dominated the market in 2024, with an increasing number of new packaging products made from recycled materials [5][22] - The textiles segment is the fastest-growing, as the use of recycled packaging waste materials in textile manufacturing gains momentum [5][23] Technological Shifts - Key technological shifts include the use of mono-materials for easier recycling, refillable designs, and the elimination of metal parts to simplify recycling processes [4] - Digital innovations such as QR codes and NFC tags are being integrated for product authentication and usage tracking [6]

Core Viewpoint - CIBC maintains a "Neutral" rating on Waste Management, Inc. (WM) while reducing its price target from $235 to $231, emphasizing the need for consistent revenue growth to realize long-term earnings potential from the Stericycle acquisition [1] Financial Performance - Waste Management reported Q3 2025 results showing strong momentum in its legacy segment, with Collection and Disposal revenue benefiting from a 6% increase in core pricing and stable industrial volumes [2] - Operating margins improved by 160 basis points due to cost discipline, although revenue was affected by lower recycled commodity prices [2] - Free cash flow for the first nine months of the year increased by 13.5% year-over-year to $2.11 billion [2] Future Outlook - The company is confident in its full-year guidance for adjusted EBITDA, projected to be between $7.475 billion and $7.625 billion, driven by ongoing integration progress at WM Healthcare Solutions [3] - Waste Management serves a diverse customer base, including residential, commercial, and industrial clients, providing waste collection, recycling, and renewable energy services [3]

Core Insights - WM reported disappointing third-quarter 2025 results, with adjusted earnings per share of $1.98 missing consensus estimates by 1.5% and showing a year-over-year increase of 1% [1][7] - Total revenues reached $6.4 billion, slightly missing estimates but reflecting a year-over-year growth of 14.9% [1][7] - The company's shares declined by 49.3% since the results were released on October 27 [1] Segment Performance - The Collection segment generated revenues of $3.9 billion, a 3.5% increase year-over-year, but fell short of the estimated $4.1 billion [2] - The Landfill segment's revenues increased by 7.8% year-over-year to $995 million, exceeding the estimate of $986.5 million [2] - The Transfer segment saw an 8.5% year-over-year revenue increase to $396 million, surpassing the estimate of $391.5 million [3] - The Recycling Processing and Sales segment experienced a revenue decline of 13.9% year-over-year to $372 million, missing the estimate of $432.3 million [3] Financial Metrics - Adjusted operating EBITDA was reported at $2 billion, a 15.1% increase from the previous year, but missed the projection of $1.9 billion [4] - The adjusted operating EBITDA margin improved by 10 basis points to 30.6%, exceeding the estimate of 30.1% [4]

The family owner of Austrian waste management company Brantner is exploring options including a potential stake sale, according to people familiar with the matter. https://t.co/zDADS125du ...