Core Viewpoint - The company maintains a buy rating for Casella Waste Systems (CWST), anticipating continued EBITDA growth into FY25, driven by pricing momentum, cost savings from M&A integrations, and volume recovery [1][10]. Financial Performance - In 1Q24, CWST reported revenue of $341 million, reflecting approximately 30% growth, aligning with consensus estimates. Organic growth was 3.6%, influenced by a solid waste price increase of 5.5%, although offset by a volume decline of 2.6% [2]. - The gross margin improved to 32.3%, a 90 basis points increase year-over-year, primarily due to pricing growth. The EBITDA margin expanded by 140 basis points to 20.8% [2]. Volume Analysis - The weak volume performance in 1Q24, down 2.8%, was attributed to non-structural factors, including the company's strategy to eliminate low-margin accounts and a temporary decline in Construction and Demolition (C&D) volumes due to competitor landfill issues [3][4]. - Municipal solid waste volumes increased by 1.7%, and commercial collection volumes also saw growth, indicating that the overall volume performance may be better than reported when adjusted for specific factors [4]. Pricing Dynamics - Pricing for CWST remains robust, with solid waste prices tracking slightly above historical trends, although a slight dip may occur in the near term due to high comparison bases from previous quarters [5]. - Historical pricing growth has averaged a 7.5% CAGR from FY16 to FY23, and while short-term pricing may dip, it is expected to revert to historical trends [5]. M&A Integration and Cost Management - CWST's effective M&A integration has contributed positively to EBITDA margin expansion, with management noting a 50 basis points increase in 1Q24 due to synergies from acquisitions [6]. - The company is ahead of its expense reduction goals from a recent acquisition and has invested in autonomous trucks to further reduce costs in the future [6]. Valuation Insights - The valuation model indicates potential upside for CWST, with a target price of $118, representing a 21% upside from the current share price of $97.51 [7][8]. - The EBITDA growth estimates have been upgraded to reflect better-than-expected M&A integration, with expectations of continued strong growth in FY25 [8]. Conclusion - Despite weak headline volume figures, the company maintains a buy rating for CWST, emphasizing strong pricing momentum and effective cost management through M&A integrations as key drivers for sustained EBITDA growth [10][11].

Casella Waste Systems, Inc (NASDAQ:CWST) Q1 2024 Earnings Conference Call April 26, 2024 10:30 AM ET Company Participants Charlie Wohlhuter - Director, IR John Casella - Chairman and CEO Brad Helgeson - CFO Ned Coletta - President Conference Call Participants Michael Hoffman - Stifel Stephanie Moore - Jefferies Adam Bubes - Goldman Sachs Michael Feniger - Bank of America Tony Bancroft - GAMCO Investors Operator Good day and thank you for standing by. Welcome to the Casella Waste Systems First Quarter 2024 E ...

(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number 000-23211 CASELLA WASTE SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 03-0338873 (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Casella (CWST) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this provider of garbage-disposal and recycling services would post earnings of $0.18 per share when it actually produced earnings of $0.13, delivering a surprise of -27.78%.Over the ...

Please refer to "Non-GAAP Liquidity Measures" included in "Unaudited Reconciliation of Certain Non-GAAP Measures" below for additional information and reconciliation of Adjusted Free Cash Flow to its most directly comparable GAAP measure. • Net income between $35 million and $45 million. • Net cash provided by operating activities between $260 million and $270 million. Conference Call to Discuss Quarter CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousand ...

RUTLAND, Vt., April 08, 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 March 31, 2024 after the market closes on Thursday, April 25, 2024. The company will host a conference call to discuss these results on Friday, April 26, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtai ...

RUTLAND, Vt., April 08, 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 March 31, 2024 after the market closes on Thursday, April 25, 2024. The company will host a conference call to discuss these results on Friday, April 26, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtai ...

NEW YORK--(BUSINESS WIRE)--Viridi Energy (“Viridi” or “the firm”), a leading renewable natural gas (RNG) platform, announced today that it has acquired a legacy biosolids digester plant in Brunswick, Maine, with plans to transform the site into an industry-leading waste-to-RNG facility. The facility will generate valuable renewable energy and help power the local community, offer a sustainable and cost-effective solution for managing biosolids, and support compliance with local regulations aimed at mitigati ...

RUTLAND, Vt., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced today that the company’s management will be participating at the following investor conferences: Raymond James 45th Annual Institutional Investors ConferenceTuesday, March 5, 2024 Jefferies 2024 Business Services SummitThursday, March 21, 2024 Gabelli 10th Annual Waste & Environmental Services SymposiumThursday, April 4, 2024 A cop ...

RUTLAND, Vt., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced today that the company’s management will be participating at the following investor conferences: Raymond James 45th Annual Institutional Investors Conference Tuesday, March 5, 2024 Jefferies 2024 Business Services Summit Thursday, March 21, 2024 Gabelli 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024 A ...