Casella Waste Systems

Casella Waste Systems, Inc. engages in the provision of resource management and services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection, transfer, disposal, recycling and organics services. It operates through the following segments: Eastern Region, Western Region, Recycling and Other segments. The Eastern region segment is vertically integrated, with transfer, landfill, processing and recycling assets serviced by collection operations. The Western region segment also consists of waste sheds in western New York, which includes Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Rochester, Dunkirk, Jamestown and Olean markets. The Recycling segment provides a full range of solid waste services and larger-scale recycling and commodity brokerage operations. The Other segment offers organic services, ancillary operations, major accounts and industrial services, discontinued operations and earnings from equity method investees. The company was founded in 1975 and is headquartered in Rutland, VT.

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Casella Waste Systems excels in Q4 2022, eyes growth amid challenges

Casella Waste Systems demonstrated robust financial performance in Q4 2022, with strong revenue and adjusted EBITDA growth, positioning the company for continued success.
While facing challenges such as bonus payouts impacting cash flow and inflationary pressures, the company's strategic acquisitions and pricing programs offer growth opportunities.
Maintaining a focus on margin analysis, capital spending, and operational permits will be crucial for sustaining growth and profitability in the coming years.

Casella Waste Systems reports strong Q1 results and eyes expansion

Casella Waste Systems (CWST) delivered robust financial performance in Q1 2023
Strategic acquisitions and operational successes driving growth and value creation
Challenges like inflation and commodity prices being managed effectively
Company poised for further expansion and increased M&A opportunities

Casella Waste Systems reports Q2 growth amidst recycling challenges

Casella Waste Systems delivered solid financial performance in Q2, with growth in adjusted EBITDA and margins despite challenges in recycling commodity prices.
The company's focus on operational efficiency, revenue quality improvement, and sustainability initiatives positions it well for future growth and profitability.
Analysts' inquiries into margin components, M&A contributions, and renewable energy projects reflect investor interest in the company's strategic direction and financial outlook.

Casella Waste Systems reports robust Q3 performance amidst growth strategies

Casella Waste Systems showcased strong financial performance in Q3 2023, driven by revenue growth and operational efficiency in core business segments.
Despite industry challenges and interest rate uncertainties, the company's strategic strengths in financial management and growth initiatives position it well for future success.
Opportunities for expansion through acquisitions and ongoing development projects underscore Casella's commitment to sustainable growth and value creation for shareholders.

Casella Waste Systems reports strong Q4 performance amidst growth plans

Casella Waste Systems delivered robust financial performance in Q4 2023, driven by acquisitions and operational improvements.
Despite challenges such as the Fair Labor Standards lawsuit and integration complexities, the company remains focused on growth and sustainability.
Strategic investments, strong liquidity, and a disciplined M&A approach position Casella well for future opportunities and margin expansion.

Casella Waste Systems reports robust Q1 results and eyes operational efficiencies for future growth

Casella Waste Systems delivered strong financial performance in Q1 2024, driven by revenue growth, margin improvement, and strategic investments.
The company's focus on acquisitions integration, employee recognition, and sustainability initiatives underscores its commitment to long-term success.
While facing challenges such as lower landfill volumes, Casella Waste Systems is well-positioned to capitalize on opportunities for growth and operational enhancement.

Casella Waste Systems reports record Q2 earnings amidst strategic growth

Casella Waste Systems delivered strong financial performance in Q2 2024, driven by record revenue and adjusted EBITDA, despite challenges from landfill closures and inflationary pressures.
The company's strategic acquisitions, operational enhancements, and focus on sustainability position it well for future growth and profitability.
With a robust liquidity profile, active M&A pipeline, and commitment to operational efficiency, Casella Waste Systems remains poised for continued success in the waste management industry.
Efforts to improve margins through pricing strategies and operational efficiencies signal a proactive approach to navigating challenges and seizing opportunities for growth.

Casella Waste Systems achieves record Q3 performance and eyes growth

Casella Waste Systems delivered strong financial results in Q3 2024, showcasing revenue growth, improved margins, and strategic acquisitions.
While facing challenges such as cost inflation and integration complexities, the company remains focused on driving operational efficiency and sustainable growth.
With reaffirmed guidance for 2024 and positive outlook for 2025, Casella Waste Systems is poised to capitalize on growth opportunities and navigate industry challenges effectively.

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Casella Waste Systems, Inc. engages in the provision of solid waste management services. It operates through the following segments: Eastern, Western, Mid-Atlantic, and Resource Solutions. The Eastern segment involves the operation of landfills located in Bethlehem, New Hampshire, and West Old Town, Maine. The Western region segment includes the management of landfills in Vermont and New York. The Mid-Atlantic consists of collection facilities and transfer station facility. The Resource Solutions segment focuses on the provision of materials processing, industrial recycling, organics, and resource management service. The company was founded in 1975 and is headquartered in Rutland, VT.

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Casella Waste Systems, Inc. (CWST) Q3 2023 Earnings Call Transcript

RUTLAND, Vt., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced that the Company is adding a new member to its senior leadership team. President & Chief Financial Officer, Edmond “Ned” R. Coletta, will retain his role as President while the Company hires Bradford J. Helgeson to serve as the new Executive Vice President & Chief Financial Officer, effective November 6, 2023.

Casella Waste Systems, Inc. Announces Hiring of Industry Executive as Chief Financial Officer

RUTLAND, Vt., Oct. 19, 2023 (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, 2023, after the market closes on Wednesday, November 1, 2023.

Casella Waste Systems, Inc. to Host Conference Call on Its Third Quarter 2023 Results

Recycling pilot from BD and Casella leads to 40,000 pounds of recycled used medical devices. Next stage of pilot to expand regionally, add medical devices.

BD, Casella Complete Industry-First Pilot Recycling 40,000 Pounds of Used Medical Devices

Outstanding and long-lasting success recognized at 12th annual awards ceremony Outstanding and long-lasting success recognized at 12th annual awards ceremony

Casella Named Vermont Legacy Enterprise by University of Vermont

RUTLAND, Vt., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced that it completed the acquisition of the collection, transfer, and recycling assets of Consolidated Waste Services, LLC and its affiliates (dba “Twin Bridges”) on September 1, 2023. The purchase price of the acquisition was approximately $219 million and was funded through proceeds from the Company's equity offering completed on June 16, 2023.

Casella Waste Systems, Inc. Completes Acquisition of Consolidated Waste Services, LLC Assets

RUTLAND, Vt., Aug. 09, 2023 (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 $35.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2 (the “Bonds”) to be issued under an indenture between the Issuer and the bond trustee, dated as of September 1, 2020 (the “Indenture”). The Bonds represent the drawdown (which would no longer be available to the Company if not occurring by September 2, 2023) of the remainder of the New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020, the initial proceeds of which, in the amount of $40.0 million, were issued in September 2020.

Casella Waste Systems, Inc. Announces Pricing of Up to $35.0 Million of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2

RUTLAND, Vt., Aug. 01, 2023 (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 $35.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2 (the “Bonds”) under an indenture between the Issuer and the bond trustee, dated as of September 1, 2020 (the “Indenture”). The Bonds represent the drawdown (which would no longer be available to the Company if not occurring by September 2, 2023) of the remainder of the New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020, the initial proceeds of which, in the amount of $40.0 million, were issued in September 2020. The Bonds will be guaranteed under an amended and restated guaranty (the “Guaranty”) by all or substantially all of Casella's subsidiaries (the “Guarantors”), as required by the terms of the loan agreement, dated as of September 1, 2020, between the Issuer and Casella (the “Loan Agreement”), pursuant to which the Issuer will loan the proceeds of the Bonds to Casella. Casella intends to use the net proceeds of the Bonds to finance and/or reimburse Casella for certain costs of certain capital projects in the State of New York.

Casella Waste Systems, Inc. Announces Offering of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds

Casella Waste Systems, Inc. (NASDAQ:CWST ) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Charlie Wohlhuter - Director, IR John Casella - Chairman and CEO Ned Coletta - President and CFO Jason Mead - SVP, Finance, and Treasurer Sean Steves - SVP and COO, Solid Waste Operations Conference Call Participants Tyler Brown - Raymond James Michael Hoffman - Stifel Sean Eastman - KeyBanc Capital Markets Stephanie Moore - Jefferies Operator Good day, and thank you for standing by. Welcome to the Casella Waste Management, Inc. Second Quarter 2023 Conference Call.

Casella Waste Systems, Inc. (CWST) Q2 2023 Earnings Call Transcript

Casella (CWST) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.36 per share a year ago.

Casella (CWST) Lags Q2 Earnings and Revenue Estimates

RUTLAND, Vt., July 27, 2023 (GLOBE NEWSWIRE) -- 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 six month periods ended June 30, 2023.

Casella Waste Systems, Inc. Announces Second Quarter 2023 Results and Updates Fiscal Year 2023 Guidance

Casella (CWST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Casella (CWST) Earnings Expected to Grow: Should You Buy?

RUTLAND, Vt., July 13, 2023 (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 June 30, 2023, after the market closes on Thursday, July 27, 2023.

Casella Waste Systems, Inc. to Host Conference Call on Its Second Quarter 2023 Results and to Present at an Upcoming Investor Event

Six customers honored for excellence in innovative resource solutions Six customers honored for excellence in innovative resource solutions

Casella Recognizes 2023 Sustainability Leaders

Waga Energy signed a commercial agreement with Casella Waste Systems, Inc. to build and operate three Renewable Natural Gas (RNG) production units at landfills in the United States. This new contract, involving the initial deployment of approximately 1,300,000 MMBtu (380 GWh) of production capacity, marks a major step in the development of RNG in the United States, supporting the energy transition.

Waga Energy and Casella Will Produce RNG at Three Landfills in the US

RUTLAND, Vt., July 10, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, and Waga Energy (EPA: WAGA), a global expert in the production of renewable natural gas (“RNG”) from landfills, announced the signing of a commercial agreement on July 10, 2023 to develop renewable natural gas facilities at three Casella landfills. As part of the commercial agreement, Waga Energy will deploy the capital required to fully fund construction of the projects and will own and operate the RNG infrastructure. Casella and Waga Energy will share in the revenue generated from the RNG facilities once operational.

Casella Waste Systems, Inc. and Waga Energy Sign Agreement to Develop Renewable Natural Gas Capacity at Select Landfills

RUTLAND, Vt., July 03, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced that it completed the acquisition of the Pennsylvania, Delaware, and Maryland collection, transfer, and recycling operations of GFL Environmental Inc. (“GFL”) on June 30, 2023. The purchase price of the acquisition was approximately $525 million and was funded through a combination of the company's new $430 million Term Loan A under its existing senior secured credit facility and proceeds from the Company's recent equity offering.

Casella Waste Systems, Inc. Completes Acquisition of Select Solid Waste Operations From GFL Environmental Inc.

Casella Waste Systems, Inc. has seen a strong 2022 and announced some interesting deals. Lower relative purchase prices, synergies, and "locking" in the value spread through an equity issuance is an interesting strategy. Amidst many moving and positive developments, the overall valuation still remains too demanding for me here, despite the firm belief that Casella is a great operator.

Casella Waste Systems: Continuing To Crush It

RUTLAND, Vt., June 16, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today the closing of its previously announced underwritten public offering of shares of its Class A common stock, including the full exercise of the underwriters' option to purchase an additional 789,473 shares, at a public offering price of $85.50 per share, before offering discounts. The exercise of the underwriters' option to purchase additional shares brought the total number of shares of Class A common stock sold by Casella in the offering to 6,052,631 and increased the aggregate gross proceeds from the offering to $517.5 million, before deducting underwriting discounts and offering expenses.

Casella Waste Systems Announces Closing Of Public Offering Of Class A Common Stock And Full Exercise Of Underwriters' Option To Purchase Additional Shares

RUTLAND, Vt., June 13, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today the pricing of an underwritten public offering of 5,263,158 shares of its Class A common stock at a public offering price of $85.50 per share, before offering discounts. The offering will result in aggregate gross proceeds of approximately $450.0 million to Casella, before deducting underwriting discounts and offering expenses. Casella also granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 789,473 shares of Class A common stock. All of the shares in the offering are to be sold by Casella. The offering is expected to close on or about June 16, 2023, subject to customary closing conditions.

Casella Waste Systems Announces Pricing of Public Offering of 5,263,158 Shares of Class A Common Stock

RUTLAND, Vt., June 12, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced the signing of an asset purchase agreement on June 9, 2023, to acquire the assets of Consolidated Waste Services, LLC and its affiliates (dba “Twin Bridges”) for a purchase price of approximately $219 million in cash.   The proposed acquisition, which is expected to generate annualized revenues of approximately $70 million, includes two collection operations, one transfer station, one material recovery facility (MRF), one office building that can support future growth, and several satellite properties.

Casella Waste Systems, Inc. to Acquire the Assets of Consolidated Waste Services, LLC

CWST has demonstrated solid performance, exceeding expectations in terms of revenue and gross margin in the recent 1Q23 results. Despite a slight drop in EBITDA margin due to temporary headwinds, I anticipate a return to normalized margin expansion as these factors subside.

Casella Waste Systems: Solid Performance With Latest Acquisition Being Value Accretive

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CECO or CWST: Which Is the Better Value Stock Right Now?

Casella Waste Systems, Inc. (NASDAQ:CWST ) Q1 2023 Earnings Call Transcript April 28, 2023 10:00 AM ET Company Participants Charlie Wohlhuter - Director, Investor Relations John Casella - Chairman, Chief Executive Officer and Secretary Ned Coletta - President and Chief Financial Officer Jason Mead - Senior Vice President of Finance, and Treasurer Conference Call Participants Stephanie Moore - Jefferies Tyler Brown - Raymond James Michael Hoffman - Stifel Nicolaus Sean Eastman - KeyBanc Michael Feniger - Bank of America Operator Good day. And thank you for standing by.

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