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 ...

RUTLAND, Vt., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, today announced that it has entered into a $1.5 billion amended and restated credit agreement with Bank of America, N.A. as administrative agent and lender and a syndicate of other lenders (the "Credit Facility"). The Credit Facility matures on September 27, 2029 and replaces the Company's prior $1.08 billion credit facility. The Credit Fac ...

RUTLAND, Vt., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST) ("Casella," "The Company") published its 2024 Sustainability Report today, outlining its progress toward five key sustainability metrics, while highlighting significant achievements in several areas since its last report was issued in 2022. "With this year's report, we are pleased to highlight several areas of achievement, and exceedingly proud that our commitment to our team continues to shine through in several are ...

RUTLAND, Vt., Sept. 19, 2024 (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 675,000 shares, at a public offering price of $100.00 per share, before underwriting discounts. The exercise of the underwriters' option ...

RUTLAND, Vt., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today that it has commenced a proposed underwritten public offering of $400 million of its Class A common stock. Casella also intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the shares of its Class A common stock sold in the public offering. All of the shares in the offerin ...

RUTLAND, Vt., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company (the "Company"), announced that it has entered into a definitive agreement to acquire Royal Carting and Welsh Sanitation (collectively, "Royal") and related real estate assets. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions, including regulatory approvals. The pending acquisition includes ...

- 100 - 100 The Property 11 119 CT of Cattle 4 p A 1 t Hol Makiko Tanigawa Summary Following my coverage of Casella Waste Systems (NASDAQ:CWST) in May'24, which I recommended a buy rating due to my expectation that EBITDA growth will remain strong into FY25 given the prevailing pricing momentum, cost savings, and volume growth, this post is to provide an update on my thoughts on the business and stock. I continue to give a buy rating to CWST as I am still optimistic about the EBTIDA growth outlook, in which ...

Monty Rakusen/DigitalVision via Getty Images Introduction I'm a big fan of the trash business. Waste management and waste collection is a high margin, recurring revenue business model that's typically been resilient to weaker economic periods while putting up steady top line growth from volume growth year after year. However, I've learned one thing from studying the waste management industry is that not all companies in the space are created equal and there's a wide range in terms of the multiples one can p ...

Financial Data and Key Metrics Changes - Revenues in Q2 2024 were $377.2 million, an increase of $87.5 million or 30.2% year-over-year, with $70 million from acquisitions and $17.5 million from organic growth [11] - Adjusted EBITDA reached $91.6 million, up $19.4 million or 26.9% year-over-year, with adjusted EBITDA margins at 24.3%, down 60 basis points year-over-year [14] - Adjusted net income was $12.5 million, down $6.3 million compared to the prior year, primarily due to accelerated amortization of identifiable intangibles associated with acquisitions [16] Business Line Data and Key Metrics Changes - Solid Waste revenues increased by 35.1% year-over-year, with acquisition growth of 30.7% and price up 5.7%, while volumes decreased by 1.8% [11] - Resource Solutions revenues were up 15.4% year-over-year, with recycling and processing revenue up 31.1% and national accounts up 6.9% [13] - The average price per ton at landfills increased by 10.8% year-over-year, despite lower volumes [12] Market Data and Key Metrics Changes - MSW volumes into landfills were slightly down in the quarter and flat over the first half of the year, with continued weakness in C&D and special waste volumes [12] - The Northeast market is experiencing less reliance on construction activity, leading to a more stable volume trend compared to other regions [59] Company Strategy and Development Direction - The company announced the acquisition of LMR Disposal and Whitetail Disposal, enhancing growth in new markets and increasing density in existing ones [5] - The focus remains on long-term returns, with a disciplined approach to acquisitions and integration efforts [5][10] - The company is actively pursuing additional acquisitions across its 10-state footprint, with ongoing dialogues and diligence efforts [24] Management's Comments on Operating Environment and Future Outlook - Management expects the market to stabilize next year, despite current EBITDA and margin pressures due to lower C&D volumes [7] - The company is optimistic about maintaining growth momentum in the second half of the year, supported by strategic investments and acquisitions [6][10] - Inflationary pressures have been higher than anticipated, but the company is adjusting pricing strategies to mitigate these impacts [54] Other Important Information - The company has completed five acquisitions year-to-date, expected to contribute over $100 million of annualized revenues, primarily in the Mid-Atlantic region [22] - The effective tax rate for the quarter was 35.1%, with expectations to pay less than $5 million in cash taxes for the year [16] Q&A Session Summary Question: Can you clarify the $3 million in leachate costs related to flooding in Vermont? - Management confirmed that the increased leachate costs were due to significant flooding affecting multiple facilities, not due to systemic issues [28][30] Question: How much of the EBITDA guidance increase is attributable to acquisitions? - The $10 million increase in EBITDA guidance is primarily attributable to acquisitions, with no significant core increase expected [31] Question: What is the revenue mix for the recently acquired companies? - The acquired companies do not have transfer assets, but there are opportunities for internalizing recyclables into existing facilities [33][34] Question: How does the recent large transaction by a competitor affect the market? - Management indicated that the transaction does not significantly impact their operations, as they were not receiving MSW from the involved parties [36] Question: What are the inflationary pressures and self-help initiatives in place? - Inflation has been stickier than expected, particularly in maintenance and landfill operations, but the company is adjusting pricing to offset these pressures [52][54] Question: How quickly can synergies from acquisitions be realized? - Synergies typically take a couple of years to fully materialize, with some immediate benefits expected within the first year [62] Question: What is the expected leverage ratio by year-end? - The pro forma leverage ratio is currently at 2.9x, with plans to maintain leverage around 3x or below over time [67]

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 ...