Casella(CWST)

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Casella (CWST) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-02-05 16:05
Core Viewpoint - Casella (CWST) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on February 12, with a consensus EPS estimate of $0.16 per share, reflecting a year-over-year increase of +23.1% [3]. - Revenues are projected to reach $421.05 million, representing a 17.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 67.88% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Casella is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +16.08% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - However, Casella currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat despite the positive Earnings ESP [11]. Historical Performance - In the last reported quarter, Casella was expected to post earnings of $0.28 per share but delivered $0.27, resulting in a surprise of -3.57% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Conclusion - While Casella is not positioned as a compelling earnings-beat candidate, it is essential for investors to consider other factors when making decisions regarding the stock ahead of the earnings release [16].
Casella Waste Systems, Inc. to Host Conference Call on Its Fourth Quarter 2024 Results
GlobeNewswire· 2025-01-20 21:10
Group 1 - Casella Waste Systems, Inc. will release its financial results for the three months ended December 31, 2024 on February 12, 2025 after market close [1] - A conference call to discuss the financial results is scheduled for February 13, 2025 at 10:00 a.m. Eastern Time [2] - Participants can register for the call and access the webcast through the company's website [2] Group 2 - A replay of the conference call will be available on the company's website following the live event [2] - For further inquiries, contact Jason Mead, Senior Vice President of Finance & Treasurer [3]
Casella Waste Systems, Inc. Announces Pricing of Up to $45.0 Million of Finance Authority of Maine Solid Waste Disposal Revenue Bonds
GlobeNewswire· 2024-12-17 18:15
RUTLAND, Vt., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced offering of up to $45.0 million aggregate principal amount of the Finance Authority of Maine (the “Authority”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2024 (the “Bonds”) to be issued under an indenture between the Authority and the b ...
Casella Waste Systems, Inc. Announces Offering of the Finance Authority of Maine Solid Waste Disposal Revenue Bonds
GlobeNewswire News Room· 2024-11-21 21:01
RUTLAND, Vt., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $45.0 million aggregate principal amount of the Finance Authority of Maine (the “Authority”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2024 (the “Bonds”) under an indenture between the Authority and the bond trustee. The Bonds will be guaranteed under a guar ...
Casella(CWST) - 2024 Q3 - Earnings Call Transcript
2024-10-31 20:53
Financial Data and Key Metrics Changes - Revenue for Q3 2024 reached $411.6 million, an increase of $58.9 million or 16.7% year-over-year, with $37.5 million from acquisitions and $21.3 million from organic growth [18][29] - Adjusted EBITDA was $102.9 million, up $13.3 million or 14.9% year-over-year, with adjusted EBITDA margins at 25%, down 40 basis points year-over-year [22][23] - GAAP net income was $5.8 million, down $12.4 million compared to the prior year, primarily due to an $8.5 million closure charge at the Southbridge Landfill [26] Business Line Data and Key Metrics Changes - Solid waste revenues increased by 17.3% year-over-year, with acquisition growth of 13% and price up 5.5%, while volumes decreased by 1% [18] - Resource Solutions revenues rose by 14.5% year-over-year, with recycling and processing revenue up 25.8% [20] - Adjusted EBITDA margins in the collection and resource solutions lines increased by 130 and 90 basis points respectively on a same-store basis [24] Market Data and Key Metrics Changes - C&D tons were down 16% year-over-year, with continued weakness expected to persist through the end of the year [20] - The average price per ton at landfills increased by 7.1% year-over-year, reflecting a mix shift away from lower price streams [20] - The company anticipates a return of landfill volumes in 2025 as the Brookhaven Landfill closure impacts the market [58][94] Company Strategy and Development Direction - The company completed its 6th acquisition of the year with the purchase of Royal, focusing on integration and leveraging synergies for growth [9][35] - Strategic investments in automation and technology are expected to enhance operational efficiency and safety [11][16] - The company is focused on sustainability and has published its 2024 Sustainability Report, highlighting its commitment to creating value for customers and communities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong growth opportunities and a solid foundation for continued expansion [17] - The company expects to achieve revenue growth in the range of 12% to 15% on adjusted EBITDA for 2025, driven by improved landfill volumes and pricing [35] - Management acknowledged challenges in the C&D market but expects normalization in 2025 to positively impact results [60] Other Important Information - The company reaffirmed its guidance for revenue, adjusted EBITDA, cash flow from operations, and adjusted free cash flow for 2024, while revising GAAP net income guidance due to the Southbridge Landfill closure charge [31] - Net cash provided by operating activities for the first nine months of 2024 was $171.6 million, up $13.8 million year-over-year [28] Q&A Session Summary Question: Update on landfill development and expansion initiatives - Management provided positive updates on the Juniper Ridge facility's permit and the McKean facility's operational testing, indicating a cautious ramp-up in volumes [43][45] Question: Details on the Royal acquisition - The Royal acquisition is strategically important for expanding into the Hudson Valley, with expectations of mid-teens EBITDA margins and potential for improvement through operational efficiencies [47][50] Question: Clarification on Q3 performance and guidance - Management confirmed that unexpected insurance accruals offset the Royal acquisition's impact, leading to unchanged guidance [55][56] Question: C&D market headwinds - Management acknowledged significant C&D volume declines but expects a return of volumes post-Brookhaven Landfill closure, contributing positively in 2025 [58][60] Question: Internalization strategy and logistics - The company is focused on increasing landfill internalization through new transportation lanes and additional long-haul trucks, with a long-term strategy for waste management [64][66] Question: Insurance expense accruals - Management explained the unusual insurance accruals related to two discrete events, indicating they are one-time occurrences [68][70] Question: 2025 margin expansion potential - Management expressed optimism for margin expansion in 2025, driven by improved landfill volumes and operational efficiencies [72][90] Question: M&A activity outlook - Management indicated a continued focus on smaller tuck-in acquisitions while prioritizing integration of recent acquisitions [73][80]
Casella(CWST) - 2024 Q3 - Quarterly Report
2024-10-31 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 03-0338873 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 25 Greens Hill Lane, Rutland, Vermont 05701 (Address of principal executive offices) (Zip Code) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Class A common stock, $0.01 par value per share CWST The Nasdaq Stock Market LLC (Nasda ...
Casella (CWST) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-30 23:46
Casella (CWST) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this provider of garbage-disposal and recycling services would post earnings of $0.28 per share when it actually produced earnings of $0.22, delivering a surprise of -21.43%. Ove ...
Casella(CWST) - 2024 Q3 - Quarterly Results
2024-10-30 20:27
Exhibit 99.1 FOR IMMEDIATE RELEASE CASELLA WASTE SYSTEMS, INC. ANNOUNCES THIRD QUARTER 2024 RESULTS AND RECENT ACQUISITION; UPDATES FISCAL YEAR 2024 GUIDANCE RUTLAND, VERMONT (October 30, 2024) — Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three and nine-month periods ended September 30, 2024. Key Highlights: • Revenues were $411.6 million for the quarter, up $58.9 million, or up 16.7%, f ...
Earnings Preview: Casella (CWST) Q3 Earnings Expected to Decline
ZACKS· 2024-10-23 15:07
The market expects Casella (CWST) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...
Casella Waste Systems, Inc. to Host Conference Call on Its Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-14 20:15
RUTLAND, Vt., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended September 30, 2024 after the market closes on Wednesday, October 30, 2024. The company will host a conference call to discuss these results on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking her ...