Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Revenue and Free Cash Flow
Expected to finish at the high end of prior ranges.
Operating EBITDA
Expected to be within the guidance range established at the beginning of the year.
SG&A
Expected to be about 10% of revenue.
Volume
Expected to be about negative 1% for the year.

Outlook

Pricing
Management expects to maintain disciplined price-to-cost spreads and continue leveraging pricing analytics.
Healthcare Solutions
Management sees continued improvement in volume trends and expects to further optimize SG&A.
M&A
The pipeline for tuck-in acquisitions remains robust, supporting activity into 2027.
Renewable Energy
Earnings visibility is improving with over 90% of 2026 production and about 40% of 2027 production already contracted.
Landfill Costs
Management anticipates some increased landfill operating costs, particularly in California, but believes these can be offset through pricing.
Technology
Continued investment in routing algorithms and automation is expected to drive margin expansion over time.