Looking back on environmental and facilities services stocks’ Q2 earnings, we examine this quarter’s best and worst performers, 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 Q2. As a group, revenues were in line with analysts’ consensus estimates.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9% 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 $1.47 billion, up 7.5% year on year. This print exceeded analysts’ expectations by 1.3%. Overall, it was a very strong quarter for the company with full-year EPS guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

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 2.7% since reporting and currently trades at $95.82.

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

Best Q2: Clean Harbors (NYSE: CLH)

Established in 1980, Clean Harbors (NYSE: CLH) provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups.

Clean Harbors reported revenues of $1.74 billion, up 11.9% year on year, outperforming analysts’ expectations by 6.1%. The business had a stunning quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Clean Harbors delivered the biggest analyst estimate beat in the group. The market seems content with the results as the stock is up 3% since reporting. It currently trades at $312.68.

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

Weakest Q2: Rollins (NYSE: ROL)

Operating under multiple brands like Orkin and HomeTeam Pest Defense, Rollins (NYSE: ROL) provides pest and wildlife control services to residential and commercial customers.

Rollins reported revenues of $1.08 billion, up 7.9% year on year, falling short of analysts’ expectations by 1.3%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

As expected, the stock is down 24.5% since the results and currently trades at $32.82.

Read our full analysis of Rollins’s results here.

Waste Management (NYSE: WM)

Headquartered in Houston, Waste Management (NYSE: WM) is a provider of comprehensive waste management services in North America.

Waste Management reported revenues of $6.68 billion, up 4% year on year. This result was in line with analysts’ expectations. Zooming out, it was a mixed quarter as it also produced a decent beat of analysts’ EBITDA estimates but full-year revenue guidance slightly missing analysts’ expectations.

The stock is down 13.3% since reporting and currently trades at $207.45.

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

BrightView (NYSE: BV)

An official field consultant for Major League Baseball, BrightView (NYSE: BV) offers landscaping design, development, and maintenance.

BrightView reported revenues of $717.6 million, up 1.3% year on year. This number came in 1.4% below analysts’ expectations. It was a disappointing quarter as it also logged full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.

The stock is down 18.6% since reporting and currently trades at $10.69.

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

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.