Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-K ____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-23211 ___ ...

Financial Data and Key Metrics Changes - Revenues in Q3 2021 were $242 million, an increase of 19.4% year-over-year, with $39.3 million attributed to acquisition activity [30] - Adjusted EBITDA was $61.2 million, up 19.4% year-over-year, with EBITDA margins at 25.3%, flat year-over-year [35][36] - Adjusted free cash flow increased by 37.2% year-over-year to $82.3 million [44] Business Line Data and Key Metrics Changes - Solid waste revenues rose 16.7% year-over-year, driven by a 4.1% price increase and a 2.8% volume increase [30] - Resource solutions revenues increased by 27.6% year-over-year, with 12.3% from higher recycling commodity prices and 8.4% from acquisitions [34] - Collection line of business revenues were up 16.2% year-over-year, with prices up 4.6% [30] Market Data and Key Metrics Changes - Landfill tons were up 70 basis points year-over-year, but still down approximately 8% compared to pre-COVID levels [32] - The Northeast disposal capacity continues to tighten, providing opportunities for pricing advancements [15] - Labor constraints and lower economic activity in New York City impacted volume recovery [13][33] Company Strategy and Development Direction - The company is focused on strategic acquisitions and disciplined growth, having closed nine acquisitions in 2021 with $86 million of annualized revenue [11][24] - Continued investment in human resources and technology to mitigate labor challenges and improve operational efficiency [17][20] - The company raised its 2021 guidance for the third time, reflecting solid performance and growth expectations [28][46] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic environment remains challenging, particularly in New York City, affecting volume recovery [13][70] - The company anticipates a modest rebound in solid waste volumes and pricing in Q4 2021 [47] - Management expressed confidence in the acquisition pipeline and the ability to execute growth strategies [24][84] Other Important Information - The company has implemented various operational technologies to enhance efficiency and predictive insights [62] - Adjusted EBITDA margins improved by 77 basis points year-over-year when excluding acquisition impacts and one-time costs [36] - The company is focused on succession planning and resource allocation to support future growth [29] Q&A Session Summary Question: What was the one-time operating cost that impacted margins? - The one-time operating cost was an accrual for potential landfill waste relocation, amounting to $750,000 [64] Question: Can you elaborate on the margin impacts from fuel and recycling? - Fuel negatively impacted margins by 26 basis points, while recycling positively contributed about 50 basis points [65] Question: What is the status of landfill tons compared to previous quarters? - The company is down 350,000 tons year-over-year, primarily in New York State, due to lower commercial activity [69] Question: How much of your book has an escalator tied to CPI? - Approximately 10% of collection revenues are tied to municipal contracts, with flexibility in pricing for the rest [74] Question: Can you comment on the M&A pipeline? - The company is comfortable with its robust M&A pipeline and has completed nine acquisitions in 2021, with more in the queue [84][86] Question: What are the expectations for volume recovery in New York City? - Volume recovery is uncertain, with management noting that many small businesses may not return, impacting overall activity [118]

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 Waste Systems, Inc. 1 Investor Meetings August 2021 Safe Harbor Statement Certain matters discussed in this presentation, including, but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, our financial performance; financial condition; operations and services; prospects; growth; strategies; and guidance for fiscal 2020, are "forwardlooking statements" intended to qualify for the safe harbors from liability established by the Priva ...

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 Waste Systems, Inc. 1 Investor Meetings June 2021 Safe Harbor Statement Certain matters discussed in this presentation, including, but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, our financial performance; financial condition; operations and services; prospects; growth; strategies; and guidance for fiscal 2020, are "forwardlooking statements" intended to qualify for the safe harbors from liability established by the Private ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2021 were $189.5 million, an increase of 3.6% year-over-year, with 2.1% of this change driven by acquisition activity [28] - Adjusted EBITDA was $38.8 million, up 15.9% year-over-year, with margins expanding by 215 basis points to 20.5% [34] - Adjusted free cash flow increased by $6.9 million year-over-year to $11 million [41] Business Line Data and Key Metrics Changes - Solid Waste revenues increased by 2% year-over-year, with pricing up 3.4% and volumes down 3.3% [28] - Collection revenues rose by 3.1% year-over-year, with pricing up 3.5% and volumes down 2.3% [29] - Resource Solutions revenues increased by 8.1% year-over-year, driven by higher recycling commodity prices [33] Market Data and Key Metrics Changes - Solid Waste volumes declined by 3.3% compared to Q1 2020, primarily due to lower economic activity in the Greater New York City area [12][32] - The company has seen a recovery in collection service levels, with over 70% of the commercial and industrial collection services that were reduced or suspended due to COVID now recovered [31] Company Strategy and Development Direction - The company is focused on capital allocation and growth strategy, with a robust acquisition pipeline of over $400 million in addressable opportunities [25] - The management is optimistic about the phased reopening of major cities across the Northeast, which is expected to drive volume recovery [27] Management's Comments on Operating Environment and Future Outlook - Management noted that while economic activity levels were lower compared to Q1 2020, there are positive trends in volume recovery as the economy reopens [12][13] - The company expects Solid Waste volumes to increase by approximately 8% year-over-year in Q2 and by about 1% in the subsequent quarters [44] Other Important Information - The company reaffirmed its revenue and net income guidance ranges while raising ranges for adjusted EBITDA, adjusted free cash flow, and net cash provided by operating activities [42] - The company is actively working on the Phase 6 landfill expansion at the Waste USA landfill, expected to be completed in 2021 [41] Q&A Session Summary Question: Importance of New York City volumes - Management indicated that approximately 80% of the decline in landfill volumes was related to customers in New York City or surrounding areas, which significantly impacted overall performance [60] Question: Impact of volume weakness on landfill pricing - Management acknowledged that lower volumes affected pricing strategies, but they expect pricing to improve as volumes recover [61][66] Question: Sustainable pricing levels - Management suggested that sustainable pricing is expected to be in the range of 3.5% to 4.5% moving forward, with a focus on maintaining margins [81] Question: M&A activity and pipeline - Management is currently working on $80 million worth of acquisition opportunities and anticipates activity to increase in the second half of the year [73] Question: Incremental margins on full recovery - Management estimated that incremental margins on recovered landfill revenue could exceed 50%, while collection revenue recovery might yield around 30% to 35% incremental margins [109]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s)Name of each exchange on which registered FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-23211 CASELLA WASTE SYSTEMS, INC. (Exact name of r ...

Casella Waste Systems, Inc. 1 Investor Meetings March 2021 Safe Harbor Statement Certain matters discussed in this presentation, including, but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, our financial performance; financial condition; operations and services; prospects; growth; strategies; and guidance for fiscal 2020, are "forwardlooking statements" intended to qualify for the safe harbors from liability established by the Privat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-K ____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Class A common stock, $0.01 par value per share CWST The Nasdaq Stock ...