Core Viewpoint - Casella Waste Systems, Inc. is proceeding with the remarketing of $29.0 million of Solid Waste Disposal Revenue Bonds, with a new interest rate of 5.000% per annum, effective August 1, 2025 [1][2] Group 1: Bond Details - The original aggregate principal amount of the Bonds was $30.0 million, with a final maturity date of August 1, 2035 [1] - Casella plans to redeem $1.0 million of the Bonds on August 1, 2025, using cash on hand [1] - The remarketing of the remaining $29.0 million will occur on August 1, 2025, and the new bonds will be designated as Series 2015R-3 [1] Group 2: Guarantee and Payment Structure - The Bonds and Remarketed Bonds are guaranteed by all or substantially all of Casella's subsidiaries [2] - These Bonds are not a general obligation of the Issuer and are payable solely from amounts received from Casella under the terms of the Indenture [2] Group 3: Regulatory and Offering Information - The Remarketed Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933 [3] - The Remarketed Bonds have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption [3]

分组1 - Casella reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and up from $0.22 per share a year ago, representing an earnings surprise of +16.13% [1] - The company achieved revenues of $465.33 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.30%, compared to $377.16 million in the same quarter last year [2] - Over the last four quarters, Casella has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has added approximately 2.4% since the beginning of the year, while the S&P 500 has gained 8.2% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The estimate revisions trend for Casella was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] 分组3 - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $469.59 million, and $1.06 on $1.8 billion in revenues for the current fiscal year [7] - The Waste Removal Services industry, to which Casella belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, which may impact stock performance [8]

[PART I. FINANCIAL INFORMATION](index=2&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the unaudited consolidated financial statements and management's discussion and analysis of Casella Waste Systems, Inc [ITEM 1. FINANCIAL STATEMENTS](index=2&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) This section presents the unaudited consolidated financial statements of Casella Waste Systems, Inc. and its subsidiaries for the periods ended June 30, 2025, and December 31, 2024 (balance sheets), and for the three and six months ended June 30, 2025 and 2024 (statements of operations, comprehensive income, stockholders' equity, and cash flows) It provides a detailed financial snapshot, including assets, liabilities, equity, revenues, expenses, net income, and cash flow activities, along with extensive notes explaining accounting policies, changes, revenue recognition, business combinations, goodwill, debt, commitments, and segment performance [Consolidated Balance Sheets](index=2&type=section&id=Consolidated%20Balance%20Sheets) Presents the company's financial position, detailing assets, liabilities, and equity at specific dates | ASSETS (in thousands) | June 30, 2025 | December 31, 2024 | | 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[Executive Summary & Key Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Key%20Highlights) [Q2 2025 Financial Performance Overview](index=1&type=section&id=Q2%202025%20Financial%20Performance%20Overview) Casella Waste Systems achieved strong revenue and adjusted EBITDA growth in Q2 2025, driven by acquisition contributions and organic growth, though GAAP net income and operating income decreased due to increased acquisition-related depreciation and amortization expenses Q2 2025 Key Financial Metrics (Year-over-Year) | Metric | Q2 2025 | Q2 2024 | Change Amount | Change Rate | Primary Drivers | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue | $465.3M | $377.1M | +$88.2M | +23.4% | Acquisitions, sustained collection and disposal price increases, national account growth in Resource Solutions | | Operating Income | $19.3M | $23.0M | -$(3.7)M | -16.3% | Primarily due to increased acquisition-related depreciation and amortization expenses | | Net Income | $5.2M | $7.0M | -$(1.8)M | -25.7% | Driven by factors impacting operating income | | Adjusted Net Income | $23.0M | $21.7M | +$1.3M | +5.9% | | | Adjusted EBITDA | $109.5M | $91.6M | +$17.9M | +19.5% | Acquisition contributions and organic growth | | Solid Waste Pricing | +5.0% | - | - | - | Collection price growth of 4.9%, disposal price growth of 5.8% | [Strategic Initiatives and Acquisitions](index=1&type=section&id=Strategic%20Initiatives%20and%20Acquisitions) The company completed six acquisitions in H1 2025 with over $90 million in annualized revenue and announced the upcoming Mountain State Waste acquisition, expanding its market share in Pennsylvania and West Virginia, which are key to growth and long-term profit expansion despite short-term margin pressure - Six acquisitions completed in H1 2025, with approximately **$90 million** in annualized revenue[3](index=3&type=chunk)[8](index=8&type=chunk) - Upcoming acquisition of Mountain State Waste is expected to add an additional **$30 million** in annualized revenue and expand the company's presence in Pennsylvania and West Virginia[3](index=3&type=chunk)[8](index=8&type=chunk) - Acquisition activities and the pace of realizing Mid-Atlantic synergies are near-term margin headwinds but represent opportunities for future margin expansion[3](index=3&type=chunk) H1 2025 Cash Flow Performance (Year-over-Year) | Metric | H1 2025 | H1 2024 | Change Amount | Primary Drivers | | :--- | :--- | :--- | :--- | :--- | | Net Cash from Operating Activities | $139.6M | $79.8M | +$59.9M | Acquisition contributions, organic growth, lower cash interest payments, reduced working capital outflow | | Adjusted Free Cash Flow | $70.8M | $39.5M | +$31.3M | | [Financial Results - Second Quarter and Year-to-Date 2025](index=4&type=section&id=Financial%20Results%20-%20Second%20Quarter%20and%20Year-to-Date%202025) [Consolidated Statements of Operations (GAAP)](index=4&type=section&id=Consolidated%20Statements%20of%20Operations%20(GAAP)) The company achieved significant revenue growth in Q2 and YTD 2025, but operating income and net income decreased year-over-year due to a substantial increase in acquisition-related depreciation and amortization expenses Key Consolidated Statements of Operations Data (in millions) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $465.3M | $377.2M | $882.4M | $718.2M | | Operating Income | $19.3M | $23.0M | $22.4M | $29.9M | | Net Income | $5.2M | $7.0M | $0.4M | $2.9M | | Diluted EPS | $0.08 | $0.12 | $0.01 | $0.05 | | Depreciation and Amortization | $77.0M | $55.3M | $148.5M | $109.4M | [Consolidated Statements of Cash Flows (GAAP)](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20(GAAP)) In H1 2025, net cash from operating activities significantly increased, but cash outflows from investing activities also rose substantially, primarily due to acquisitions, resulting in a net decrease in cash, cash equivalents, and restricted cash Key Consolidated Statements of Cash Flows Data (H1 2025 vs H1 2024, in millions) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $139.6M | $79.8M | | Net Cash Used in Investing Activities | $(296.4M) | $(73.0M) | | Net Cash Used in Financing Activities | $(8.8M) | $(18.3M) | | Net Decrease in Cash, Cash Equivalents, and Restricted Cash | $(165.5M) | $(11.5M) | | Cash, Cash Equivalents, and Restricted Cash, End of Period | $217.8M | $209.4M | | Acquisitions (net of cash acquired) | $(175.0M) | $1.3M | | Purchases of Property and Equipment | $(121.9M) | $(74.9M) | [Non-GAAP Performance Measures](index=7&type=section&id=Non-GAAP%20Performance%20Measures) The company reported non-GAAP performance measures such as Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS to provide a clearer view of core operational performance, with these metrics growing in Q2 and H1 2025, reflecting the positive impact of acquisitions and organic growth Non-GAAP Performance Measures (Q2 2025 vs Q2 2024, in millions) | Metric | Q2 2025 | Q2 2024 | Change Amount | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $109.5M | $91.6M | +$17.9M | +19.5% | | Adjusted EBITDA as % of Revenue | 23.5% | 24.3% | -0.8% | | | Adjusted Operating Income | $44.9M | $43.1M | +$1.8M | +4.1% | | Adjusted Net Income | $23.0M | $21.7M | +$1.3M | +5.9% | | Adjusted Diluted EPS | $0.36 | $0.37 | -$(0.01) | -2.7% | Non-GAAP Performance Measures (H1 2025 vs H1 2024, in millions) | Metric | H1 2025 | H1 2024 | Change Amount | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $195.9M | $162.6M | +$33.3M | +20.5% | | Adjusted EBITDA as % of Revenue | 22.2% | 22.6% | -0.4% | | | Adjusted Operating Income | $73.0M | $67.5M | +$5.5M | +8.1% | | Adjusted Net Income | $35.1M | $30.4M | +$4.8M | +15.7% | | Adjusted Diluted EPS | $0.55 | $0.52 | +$0.03 | +5.8% | [Non-GAAP Liquidity Measures](index=9&type=section&id=Non-GAAP%20Liquidity%20Measures) Adjusted Free Cash Flow, a key non-GAAP measure of the company's core operating cash flow, significantly increased in H1 2025, indicating enhanced capacity for strategic acquisitions, growth investments, and debt repayment Adjusted Free Cash Flow (H1 2025 vs H1 2024, in millions) | Metric | H1 2025 | H1 2024 | Change Amount | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Adjusted Free Cash Flow | $70.8M | $39.5M | +$31.3M | +79.3% | - The growth in Adjusted Free Cash Flow is primarily due to increased net cash from operating activities, adjusted for acquisition-related capital expenditures and expenses[9](index=9&type=chunk)[31](index=31&type=chunk) [Fiscal Year 2025 Outlook](index=2&type=section&id=Fiscal%20Year%202025%20Outlook) [Updated Guidance Ranges](index=2&type=section&id=Updated%20Guidance%20Ranges) The company raised its FY 2025 revenue and net cash from operating activities guidance, increased the lower end of its Adjusted Free Cash Flow guidance, and reaffirmed its Adjusted EBITDA range, reflecting strong H1 acquisition activity and cash flow performance Updated Fiscal Year 2025 Guidance Ranges | Metric | Original Guidance Range | New Guidance Range | Change | | :--- | :--- | :--- | :--- | | Revenue | $1.775B - $1.805B | $1.820B - $1.840B | Upward Revision | | Net Income | $10M - $25M | $8M - $18M | Upper Limit Lowered | | Net Cash from Operating Activities | $320M - $335M | $325M - $335M | Lower Limit Raised | | Adjusted Free Cash Flow | $165M - $180M | $170M - $180M | Lower Limit Raised | | Adjusted EBITDA | $410M - $425M | $410M - $425M | Reaffirmed | - The guidance ranges include acquisitions completed to date, such as **$90 million** in annualized revenue from H1 2025 acquisitions, but exclude uncompleted acquisitions (e.g., Mountain State Waste)[12](index=12&type=chunk) [Reconciliation of Non-GAAP Outlook Measures](index=11&type=section&id=Reconciliation%20of%20Non-GAAP%20Outlook%20Measures) The company provided projected reconciliation tables for FY 2025 Adjusted EBITDA to Net Income and Adjusted Free Cash Flow to Net Cash from Operating Activities, ensuring transparency for non-GAAP metrics Projected Fiscal Year 2025 Adjusted EBITDA Reconciliation (in thousands) | Metric | Projected Amount (in thousands) | | :--- | :--- | | Net Income | $8,000 - $18,000 | | Provision for Income Taxes | 4,000 - 9,000 | | Other Income | (2,000) | | Interest Expense, Net | 53,000 | | Acquisition-Related Expenses | 18,000 | | Depreciation and Landfill Amortization | 227,000 | | Amortization of Intangible Assets | 77,000 | | Accretion of Landfill Operating Lease Obligations | 11,000 | | Accretion of Interest on Landfill and Environmental Remediation Liabilities | 14,000 | | **Adjusted EBITDA** | **$410,000 - $425,000** | Projected Fiscal Year 2025 Adjusted Free Cash Flow Reconciliation (in thousands) | Metric | Projected Amount (in thousands) | | :--- | :--- | | Net Cash from Operating Activities | $325,000 - $335,000 | | Capital Expenditures | (240,000) | | Acquisition Capital Expenditures | 60,000 | | Cash Paid for Acquisition Expenses | 18,000 | | McKean Landfill Rail Capital Expenditures | 7,000 | | **Adjusted Free Cash Flow** | **$170,000 - $180,000** | [Company Information](index=2&type=section&id=Company%20Information) [About Casella Waste Systems, Inc.](index=2&type=section&id=About%20Casella%20Waste%20Systems%2C%20Inc.) Casella Waste Systems, Inc. is a regional solid waste, recycling, and resource management services company headquartered in Rutland, Vermont, primarily serving various customers in the Eastern United States - The company is headquartered in Rutland, Vermont, primarily providing solid waste collection and disposal, transfer, recycling, and organics services in the Eastern United States[16](index=16&type=chunk) [Conference Call Details](index=2&type=section&id=Conference%20Call%20Details) The company will host a conference call on Friday, August 1, 2025, at 10:00 AM ET to discuss these results - The conference call will be held on **Friday, August 1, 2025, at 10:00 AM ET**[14](index=14&type=chunk) - Participants must register to receive dial-in numbers and a unique passcode, or listen via webcast at http://ir.casella.com[14](index=14&type=chunk)[15](index=15&type=chunk) [Investor and Media Contacts](index=3&type=section&id=Investor%20and%20Media%20Contacts) Contact information for Brian J. Butler, Vice President of Investor Relations, and Jeff Weld, Vice President of Communications, is provided - Investor Contact: Brian J. Butler, CFA, at **(802) 772-2264**[23](index=23&type=chunk) - Media Contact: Jeff Weld, at **(802) 772-2234**[23](index=23&type=chunk) [Risk Factors and Forward-Looking Statements](index=2&type=section&id=Risk%20Factors%20and%20Forward-Looking%20Statements) This press release contains forward-looking statements protected by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, covering financial performance, operations, growth strategies, and FY 2025 guidance, though actual results may differ materially due to various risks and uncertainties - Forward-looking statements cover financial performance, financial condition, operations and services, outlook, growth, strategy, the anticipated impact of future or completed acquisitions, and Fiscal Year 2025 guidance[17](index=17&type=chunk) - Key risks and uncertainties include: inability to adequately increase pricing or operating efficiencies to offset rising costs and inflationary pressures; impacts of an economic slowdown; compliance and remediation costs and litigation risks related to PFAS and other emerging contaminants; adverse weather impacts; inability to grow landfill volumes or improve route profitability; failed acquisition integration; and fluctuations in energy or commodity prices[20](index=20&type=chunk) - The company undertakes no obligation to publicly update any forward-looking statements, except as required by law[22](index=22&type=chunk) [Unaudited Financial Statements](index=4&type=section&id=Unaudited%20Financial%20Statements) [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Provides condensed consolidated statements of operations for Q2 and H1 2025 and 2024, detailing revenue, expenses, operating income, net income, and earnings per share Condensed Consolidated Statements of Operations (Summary, in thousands) | Metric (in thousands) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenue | 465,334 | 377,163 | 882,435 | 718,170 | | Operating Income | 19,272 | 23,018 | 22,416 | 29,853 | | Net Income | 5,208 | 7,006 | 398 | 2,889 | | Diluted EPS | 0.08 | 0.12 | 0.01 | 0.05 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Presents condensed consolidated balance sheets as of June 30, 2025, and December 31, 2024, showing the composition of the company's assets, liabilities, and stockholders' equity Condensed Consolidated Balance Sheets (Summary, in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Assets | $3,256,911 | $3,230,068 | | Total Liabilities | $1,702,728 | $1,612,229 | | Total Stockholders' Equity | $1,554,181 | $1,550,839 | | Cash, Cash Equivalents, and Restricted Cash | $217,772 | $383,303 | | Goodwill | $1,088,709 | $1,002,266 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Provides condensed consolidated statements of cash flows for H1 2025 and 2024, detailing cash flows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows (Summary, in thousands) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $139,648 | $79,781 | | Net Cash Used in Investing Activities | $(296,393) | $(72,976) | | Net Cash Used in Financing Activities | $(8,786) | $(18,270) | | Cash, Cash Equivalents, and Restricted Cash, End of Period | $217,772 | $209,447 | | Acquisitions, Net of Cash Acquired | $(175,018) | $1,296 | | Purchases of Property and Equipment | $(121,878) | $(74,900) | [Reconciliation of Non-GAAP Measures](index=7&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) [Non-GAAP Performance Measures Reconciliation](index=7&type=section&id=Non-GAAP%20Performance%20Measures%20Reconciliation) The company provided reconciliation tables for Net Income to Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income, and Adjusted Diluted EPS, detailing adjustment items and their impact on GAAP metrics - Non-GAAP performance measures, such as Adjusted EBITDA and Adjusted Net Income, aim to provide an understanding of core operational performance by adjusting for items like intangible asset amortization, acquisition-related expenses, and tax impacts[29](index=29&type=chunk)[30](index=30&type=chunk) [Non-GAAP Liquidity Measures Reconciliation](index=9&type=section&id=Non-GAAP%20Liquidity%20Measures%20Reconciliation) The company provided reconciliation tables for Net Cash from Operating Activities to Adjusted Free Cash Flow, detailing the impact of capital expenditures and acquisition-related cash expenses on liquidity metrics - Non-GAAP liquidity measures, such as Adjusted Free Cash Flow, aim to measure cash flow generated from the company's core operations, available for strategic acquisitions, growth investments, and debt repayment[31](index=31&type=chunk) - Adjustment items include capital expenditures, cash paid for acquisition expenses, acquisition capital expenditures, and McKean landfill rail capital expenditures[31](index=31&type=chunk) [Supplemental Data Tables](index=12&type=section&id=Supplemental%20Data%20Tables) [Revenues by Service Type](index=12&type=section&id=Revenues%20by%20Service%20Type) Provides a breakdown of revenues by service type (e.g., collection, disposal, processing, national accounts) for Q2 2025 and 2024, including total, intercompany, and third-party revenues Third-Party Revenues by Service Type (in thousands) | Service Type | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Solid Waste - Collection | $297,905 | $223,959 | | Solid Waste - Disposal | $71,579 | $65,123 | | Solid Waste - Landfill Gas-to-Energy | $1,556 | $1,983 | | Solid Waste - Processing | $2,584 | $2,880 | | Resource Solutions - Processing | $36,466 | $33,275 | | Resource Solutions - National Accounts | $55,244 | $49,943 | | **Total Revenue** | **$465,334** | **$377,163** | [Components of Consolidated Revenue Growth](index=12&type=section&id=Components%20of%20Consolidated%20Revenue%20Growth) Analyzes the components of revenue growth for Q2 2025, including price, volume, surcharges, commodity prices, and acquisition contributions for solid waste and resource solutions businesses Q2 2025 Components of Consolidated Revenue Growth (Year-over-Year, in thousands) | Growth Source | Amount (in thousands) | % of Related Business | % of Total Company | | :--- | :--- | :--- | :--- | | Solid Waste Price | $14,812 | 5.0% | 3.9% | | Solid Waste Volume | $(2,487) | (0.8)% | (0.7)% | | Solid Waste Acquisitions | $66,069 | 22.5% | 17.6% | | Resource Solutions Price | $2,463 | 3.0% | 0.7% | | Resource Solutions Volume | $3,822 | 4.6% | 1.0% | | Resource Solutions Acquisitions | $1,078 | 1.3% | 0.3% | | **Total Company Growth** | **$88,171** | - | **23.4%** | [Components of Capital Expenditures](index=13&type=section&id=Components%20of%20Capital%20Expenditures) Lists the components of capital expenditures for Q2 and H1 2025 and 2024, categorized into growth capital expenditures and replacement capital expenditures Components of Capital Expenditures (in thousands) | Category | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Growth Capital Expenditures** | **$20,098** | **$9,959** | **$47,532** | **$20,876** | | - Acquisition Capital Expenditures | $13,317 | $6,571 | $38,659 | $12,659 | | - McKean Landfill Rail Capital Expenditures | $800 | $1,030 | $800 | $3,225 | | **Replacement Capital Expenditures** | **$46,305** | **$34,690** | **$74,346** | **$54,024** | | - Landfill Development | $5,122 | $13,606 | $7,262 | $17,808 | | - Vehicles, Machinery, Equipment, and Containers | $28,970 | $15,491 | $50,172 | $28,245 | | **Total Capital Expenditures** | **$66,403** | **$44,649** | **$121,878** | **$74,900** | - Growth capital expenditures include development projects, organic business growth, and integration costs for newly acquired businesses, while replacement capital expenditures cover landfill cell construction and equipment replacement[36](index=36&type=chunk)

Core Insights - Casella Waste Systems, Inc. reported strong growth in Q2 2025, with revenues reaching $465.3 million, a 23.4% increase from Q2 2024, driven by acquisitions and price growth in solid waste services [4][8][11] - The company completed six acquisitions in the first half of 2025, contributing over $90 million in annualized revenue, and is pursuing a pending acquisition of Mountain State Waste to expand its market presence [3][4][11] - Adjusted EBITDA for Q2 2025 was $109.5 million, up 19.5% year-over-year, reflecting both acquisition contributions and organic growth [6][8] Financial Performance - Revenues for Q2 2025 were $465.3 million, an increase of $88.2 million from Q2 2024, primarily due to acquisition impacts and price growth in collection and disposal services [4][8] - Operating income decreased to $19.3 million, down 16.3% from the previous year, mainly due to higher depreciation and amortization expenses related to acquisitions [5][8] - Net income for Q2 2025 was $5.2 million, a decline of 25.7% from Q2 2024, while adjusted net income increased by 5.9% to $23.0 million [5][8] Cash Flow and Liquidity - Net cash provided by operating activities for the first half of 2025 was $139.6 million, up $59.9 million from the same period in 2024, driven by acquisitions and organic growth [9][25] - Adjusted Free Cash Flow for the six months ended June 30, 2025, was $70.8 million, an increase of $31.3 million compared to the same period in 2024 [9][31] Fiscal Year 2025 Outlook - The company raised its revenue guidance for fiscal year 2025, estimating revenues between $1.820 billion and $1.840 billion, up from previous estimates [11][17] - Adjusted EBITDA guidance for fiscal year 2025 remains between $410 million and $425 million, reflecting the impact of completed acquisitions [12][39] - The company expects net cash provided by operating activities to be between $325 million and $335 million for fiscal year 2025 [17][39]

Core Viewpoint - The market anticipates Casella (CWST) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for June 2025 [1][2]. Group 1: Earnings Expectations - Casella is expected to post quarterly earnings of $0.31 per share, reflecting a year-over-year increase of +40.9% [3]. - Revenues are projected to reach $459.36 million, which is a 21.8% increase compared to the same quarter last year [3]. - The consensus EPS estimate has been revised 0.67% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Group 2: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Casella is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -32.28%, suggesting a bearish outlook from analysts [12]. - Despite the negative Earnings ESP, Casella holds a Zacks Rank of 2, which complicates the prediction of an earnings beat [12]. Group 3: Historical Performance - In the last reported quarter, Casella exceeded the expected earnings of $0.11 per share by delivering $0.19, resulting in a surprise of +72.73% [13]. - Over the past four quarters, Casella has beaten consensus EPS estimates two times [14]. Group 4: Industry Comparison - Zurn Water (ZWS), another player in the waste removal services industry, is expected to report earnings of $0.36 per share for the same quarter, indicating a year-over-year change of +9.1% [18]. - Zurn Water's revenues are anticipated to be $425.32 million, up 3.2% from the previous year [18]. - The consensus EPS estimate for Zurn Water has been revised 0.7% higher, and it has an Earnings ESP of +0.3%, suggesting a likely earnings beat [19].

Core Viewpoint - Casella Waste Systems, Inc. is initiating the remarketing of $29.0 million of Solid Waste Disposal Revenue Bonds, with a redemption of $1.0 million expected on August 1, 2025, and the remaining bonds to be remarketed on the same date [1][2]. Group 1: Bond Details - The total principal amount of the Bonds originally issued was $30.0 million, with a final maturity date of August 1, 2035 [2]. - The interest rate periods for the Bonds are set to expire on July 31, 2025, leading to a mandatory tender and remarketing at a new interest rate starting August 1, 2025 [2]. - The Bonds are guaranteed by substantially all of Casella's subsidiaries and are not a general obligation of the Issuer, meaning they are payable solely from amounts received from Casella [2][3]. Group 2: Remarketing Process - The Remarketed Bonds will be offered exclusively to qualified institutional buyers as defined under Rule 144A of the Securities Act [3]. - The timing and interest rate for the remarketing will depend on market conditions, with no assurance that the remarketing or redemption will be completed [3].

Core Viewpoint - Casella Waste Systems, Inc. is set to release its financial results for the second quarter of 2025 on July 31, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will cover the three months ended June 30, 2025 [1] - The announcement will be made after the market closes on July 31, 2025 [1] Group 2: Conference Call Details - A conference call to discuss the financial results is scheduled for August 1, 2025, at 10:00 a.m. Eastern Time [2] - Interested participants must register to obtain dial-in and passcode details [2] - The call will also be available via webcast on the company's website [2] - A replay of the call will be accessible on the company's website following the event [2] Group 3: Contact Information - For further inquiries, Brian Butler, VP of Investor Relations, can be contacted at (802) 855-4070 [3] - Additional information can be found on the company's website [3]

Core Viewpoint - Casella Waste Systems, Inc. has announced the acquisition of Mountain State Waste, which is expected to enhance its geographic footprint and revenue generation capabilities [1][2][3] Group 1: Acquisition Details - The acquisition includes multiple hauling operations and a transfer station, allowing Casella to expand into West Virginia and surrounding areas [2] - The acquired business is projected to generate approximately $30 million in annualized revenues [2] Group 2: Strategic Alignment - The acquisition aligns with Casella's strategy of disciplined growth and geographic expansion into markets with attractive characteristics [3] - Casella aims to build on Mountain State Waste's strong reputation for reliable service and community engagement [3] Group 3: Leadership Transition - J.P. Phillips, one of the founders of Mountain State Waste, will join Casella to help enhance service offerings and invest in infrastructure [3]

Core Viewpoint - Investors in the Waste Removal Services sector should consider H20 (HTO) and Casella (CWST) for potential value investment opportunities, with HTO appearing more attractive based on various financial metrics and rankings [1][3]. Valuation Metrics - HTO has a forward P/E ratio of 17.94, significantly lower than CWST's forward P/E of 108.19, indicating HTO may be undervalued [5]. - The PEG ratio for HTO is 4.14, while CWST's PEG ratio is slightly higher at 4.20, suggesting HTO offers better value relative to its expected earnings growth [5]. - HTO's P/B ratio stands at 1.31, compared to CWST's P/B of 4.71, further supporting HTO's position as a more attractive investment [6]. Earnings Outlook - HTO is experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model, indicating a positive trend in earnings estimates [7].