SEATTLE (Recycling Monster): Casella Waste Systems has launched a three-year profitability improvement programme targeting a minimum adjusted EBITDA margin of 26% by the end of 2029. Also, the company has decided to abandon its proposed Granite State Landfill project in Dalton, New Hampshire, following prolonged permitting challenges and community opposition.

Named ‘300 in 3’, the programme aims to expand margins by 300 basis points through operational improvements, pricing adjustments, administrative savings and greater business efficiency, said CEO Ned Coletta.

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Casella plans to generate $15 million in general and administrative cost savings. Recent measures include workforce reductions, greater use of artificial intelligence and process automation, standardized service charges and revised fuel surcharges. In addition, the management is also undertaking a review of underperforming business units.

The company's third-quarter 2026 revenue increased 15.2% year over year to $559.2 million, while adjusted EBITDA rose 11.4% to $133.5 million. However, it reported a net loss of $7 million against net income of $10 million in the corresponding quarter last year. Following the quarterly results, the company raised its full-year revenue forecast to $2.1-$2.11 billion, while revising its earnings outlook to a projected net loss of $4-$10 million.