Coming off a very strong 2022 performance, Q1 2023 saw a steep decline in carpet sales beyond the normal Q1 seasonality. Sales are the trigger for old carpet removal and the steep 15% decline resulting in a drop in collections. Heavy rains in California also impeded recycling.Recycled output was also down due to seasonality combined with reduced collections. The Q1 Recycling Rate rose to 35.6%.
See details of Q1 2023 performance: