Wrapping up Q1 earnings, we look at the numbers and key takeaways for the environmental and facilities services stocks, including Veralto (NYSE: VLTO) and its peers.

Many environmental and facility services are non-discretionary (sports stadiums need to be cleaned after events), recurring, and performed through longer-term contracts. This makes for more predictable and stickier revenue streams. Additionally, there has been an increasing focus on emissions and water conservation over the last decade, driving innovation in the sector and demand for new services. Despite these tailwinds, environmental and facility services companies are still at the whim of economic cycles. Interest rates, for example, can greatly impact commercial construction projects that drive incremental demand for these services.

The 11 environmental and facilities services stocks we track reported a mixed Q1. As a group, revenues missed analysts’ consensus estimates by 0.9%.

While some environmental and facilities services stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.4% since the latest earnings results.

Veralto (NYSE: VLTO)

Spun off from Danaher in 2023, Veralto (NYSE: VLTO) provides water analytics and treatment solutions.

Veralto reported revenues of $1.42 billion, up 6.8% year on year. This print exceeded analysts’ expectations by 1.6%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ adjusted operating income estimates and full-year EPS guidance slightly topping analysts’ expectations.

Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 2.4% since reporting and currently trades at $83.57.

Is now the time to buy Veralto? Access our full analysis of the earnings results here, it’s free.

Best Q1: Onterris (NYSE: ONT)

Founded to protect a tree-lined two-lane road, Onterris (NYSE: ONT) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services.

Onterris reported revenues of $168.5 million, down 5.2% year on year, falling short of analysts’ expectations by 6.2%. However, the business still had a strong quarter with a beat of analysts’ EPS and adjusted operating income estimates.

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 27.5% since reporting. It currently trades at $15.95.

Is now the time to buy Onterris? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Perma-Fix (NASDAQ: PESI)

Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ: PESI) provides environmental waste treatment services.

Perma-Fix reported revenues of $11.13 million, down 20.1% year on year, falling short of analysts’ expectations by 14.4%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

Perma-Fix delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 15% since the results and currently trades at $10.99.

Read our full analysis of Perma-Fix’s results here.

Waste Connections (NYSE: WCN)

Operating a network of municipal solid waste landfills in the U.S. and Canada, Waste Connections (NYSE: WCN) is North America's third-largest waste management company providing collection, disposal, and recycling services.

Waste Connections reported revenues of $2.37 billion, up 6.4% year on year. This number topped analysts’ expectations by 0.8%. It was a strong quarter as it also put up a decent beat of analysts’ adjusted operating income estimates.

The stock is down 2% since reporting and currently trades at $153.43.

Read our full, actionable report on Waste Connections here, it’s free.

Republic Services (NYSE: RSG)

Processing several million tons of recyclables annually, Republic (NYSE: RSG) provides waste management services for residences, companies, and municipalities.

Republic Services reported revenues of $4.11 billion, up 2.6% year on year. This result met analysts’ expectations. It was a satisfactory quarter as it also logged a decent beat of analysts’ adjusted operating income estimates.

The stock is up 1.4% since reporting and currently trades at $204.41.

Read our full, actionable report on Republic Services here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.