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Casella Waste Systems Inc. (Nasdaq: CWST) is a prominent leader in the field of resource management and solid waste removal. Headquartered in Rutland, Vermont, Casella has established a substantial presence across the Eastern United States since its inception in 1975 as a single truck operation. The company's extensive service offerings cater to residential, commercial, municipal, and industrial customers, focusing on solid waste collection, disposal, recycling, organics, and energy recovery.
Over the years, Casella has expanded its operations into six states, continuously innovating its service portfolio to meet the evolving needs of its diverse clientele. The company's mission, 'To create value for our customers, our communities, and our company by giving resources new life®', underscores its commitment to sustainability and environmental stewardship.
Key Services and Segments:
- Recycling: Casella pioneered recycling in Vermont with its first facility in 1977. The company continues to lead in recycling solutions, helping to reduce waste and promote sustainability.
- Collection: Casella provides reliable waste collection services tailored to the specific needs of its customers, ensuring efficient and environmentally friendly disposal.
- Organics: The company offers organics recycling services, turning food and organic waste into valuable compost and soil amendments.
- Energy Recovery: Casella is involved in energy recovery projects, converting waste into renewable energy sources.
- Landfills: The company operates state-of-the-art landfills, ensuring safe and compliant waste disposal solutions.
- Special Waste and Professional Services: Casella offers specialized waste management services for unique waste streams, supported by professional advisory services.
In recent developments, Casella has actively engaged in partnerships and innovative projects to enhance its service capabilities. Notably, a collaboration with BD (Becton, Dickinson and Company) resulted in a successful recycling pilot program for discarded medical syringes and needles, diverting 40,000 pounds of medical waste from disposal. This initiative demonstrates Casella's expertise in tackling complex waste management challenges and contributing to the circular economy.
Financially, Casella continues to show robust performance. For the quarter ended September 30, 2023, the company reported revenues of $352.7 million, marking a 19.5% increase from the same period in 2022. Despite some fluctuations in net income and adjusted earnings, the company's strategic acquisitions and pricing programs have driven substantial revenue growth. Casella's recent acquisitions and expanded footprint into the Mid-Atlantic region highlight its aggressive growth strategy and potential for future market expansion.
Casella's focus on operational efficiency, customer service, and sustainable practices positions it as a key player in the resource management industry. With a strong foundation and a forward-looking approach, Casella Waste Systems Inc. continues to lead in transforming waste into valuable resources, benefiting both the environment and the communities it serves.
Casella Waste Systems, a regional leader in solid waste and recycling services, is set to release its financial results for the quarter ending June 30, 2021, after market close on July 29, 2021. A conference call to discuss the results will occur on July 30, 2021, at 10:00 a.m. ET. Interested participants can join the call by dialing (877) 838-4153 or (720) 545-0037 for international calls, using Conference ID 778 2866. The call will also be available via webcast on the company’s official site.
Casella Waste Systems (CWST) announced the appointment of Gary Sova to its Board of Directors effective June 15, 2021. This follows the retirement of James F. Callahan, Jr. and James E. O’Connor from the Board. Sova, with extensive experience in the solid waste industry, held senior roles at Republic Services and Enron Energy Services. Chairman and CEO John W. Casella expressed confidence in Sova's ability to drive profitable growth and contribute positively to the company's long-term strategy.
Casella Waste Systems (CWST) broke ground on a groundbreaking Renewable Natural Gas (RNG) facility in Bethlehem, New Hampshire, on May 19, 2021. This facility, a first for the state, will convert landfill gas into marketable gases, primarily methane and carbon dioxide, significantly reducing greenhouse gas emissions by an estimated 78,000 tons annually. The project is expected to create up to 30 construction jobs and 12 operational jobs. Local officials lauded its potential economic and environmental benefits, including increased tax revenue for the community.
RUTLAND, Vt., May 17, 2021 (GLOBE NEWSWIRE) -- Casella Waste Systems (Nasdaq: CWST) announced participation in several upcoming investor conferences. Key events include the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 1, UBS Global Industrials and Transportation Conference on June 8, Stifel Cross Sector Insight Conference on June 9, and Stifel Investor Summit at WasteExpo on June 28. Presentations will be available on the company's website prior to the events and will be webcast live.
Casella Waste Systems (CWST) reported strong Q1 2021 results, with revenues of $189.5 million, a 3.6% increase year-over-year. Net income soared to $4.3 million (up 349.5%), while Adjusted EBITDA climbed 15.9% to $38.8 million. The company's Adjusted Free Cash Flow reached $11.0 million, up 172.8%. Casella raised its Adjusted EBITDA and cash flow guidance for the fiscal year 2021 while reaffirming its revenue and net income targets. Despite challenges from COVID-19, the company is optimistic about a rebound in solid waste volumes.
Casella Waste Systems (Nasdaq: CWST) will announce its financial results for Q1 2021 on April 29, 2021, after market close. A conference call to discuss these results is scheduled for April 30, 2021, at 10:00 AM ET. Interested participants can join by calling (877) 838-4153 or internationally at (720) 545-0037, using Conference ID 760 9317. Additionally, Casella will present at the Oppenheimer 16th Annual Industrial Growth Conference on May 4, 2021, at 11:15 AM ET. The presentation will be available on the company's investor website.
Casella Waste Systems, a solid waste and recycling management company, announced its participation in two upcoming virtual investor conferences. The Raymond James 42nd Annual Institutional Investors Conference is scheduled for March 1, 2021, at 12:30 PM ET, followed by the Bank of America Securities 2021 Global Agriculture & Materials Conference on March 4, 2021, at 9:00 AM ET and 10:00 AM ET. Presentations will be available on the company’s website prior to each conference.
Casella Waste Systems (CWST) reported strong financial results for Q4 and FY2020, with revenues of $200.2 million for Q4, up 3.4%, and $774.6 million for the year, a 4.2% increase. Net income surged to $62.9 million in Q4, a 594% improvement, largely due to a $55 million tax benefit. Adjusted EBITDA rose 3.7% to $42.6 million in Q4, with annual Adjusted Free Cash Flow up 24.7% to $69.1 million. For FY2021, the company projects revenue between $815-$830 million, with net income expected to decline due to the previous tax adjustment.
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