Welcome to our dedicated page for Casella Waste news (Ticker: CWST), a resource for investors and traders seeking the latest updates and insights on Casella Waste stock.
Casella Waste Systems Inc. (CWST) provides integrated resource management services across the eastern United States, specializing in sustainable waste solutions. This news hub offers investors and stakeholders timely access to official announcements and market developments.
Track CWST's operational milestones through earnings reports, acquisition updates, regulatory filings, and sustainability initiatives. Our curated feed consolidates press releases covering service expansions, recycling innovations, and strategic partnerships.
Key updates include quarterly financial results, environmental compliance achievements, infrastructure investments, and leadership changes. Content is organized chronologically showcase the company's progress in waste-to-energy conversion and circular economy practices.
Bookmark this page for direct access to Casella's evolving position in the environmental services sector. Check regularly for updates on operational efficiencies, customer contract wins, and industry recognition that may impact long-term value creation.
Shelley Sayward, Senior VP and General Counsel for Casella Waste Systems (NASDAQ: CWST), has been honored as the National Waste and Recycling Association Services Member of the Year during the 2022 Industry Leadership Awards.
Sayward's influence in shaping waste and recycling policy in the Northeast has been significant, particularly in Maine, New Hampshire, New York, and Vermont. Her role in the NWRA’s Government Affairs Committee has positively impacted industry infrastructure.
Casella's leadership praises her commitment, stating it will benefit the industry for years to come.
Casella Waste Systems reported strong financial results for Q2 2022 with revenues of $283.7 million, up 31.4% from 2021. Net income rose to $17.8 million, marking a 51% increase. Adjusted EBITDA also increased by 31.4% to $68.5 million. The company exceeded $1 billion in annual revenues for the first time. With ongoing inflation, Casella has raised its fiscal year 2022 guidance for revenues to between $1.035 and $1.050 billion, net income to $50-54 million, and Adjusted EBITDA to $238-242 million. Acquisitions contributed significantly, with 11 businesses added year-to-date.
Casella Waste Systems (Nasdaq: CWST) will report its financial results for Q2 2022 after market close on July 28, 2022. A conference call to discuss these results is scheduled for July 29, 2022, at 10:00 a.m. ET. Interested participants can register for the call here. The company will also present at the Raymond James Diversified Industrials Conference on August 23, 2022, with the presentation available online.
Casella Waste Systems (NASDAQ:CWST) announced the pricing of $35 million in Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds, Series 2022. The bonds, guaranteed by Casella's subsidiaries, will carry a fixed interest rate of 5% for a 5-year term and mature on June 1, 2052. Proceeds will fund capital projects in Vermont. There is no assurance that the bond issuance will close as expected, and an additional $25 million in bonds may be issued in the future. The bonds are offered only to qualified institutional buyers and are not registered under the Securities Act.
On May 17, 2022, Casella Waste Systems (CWST) announced its participation in three upcoming investor conferences. Key events include the KeyBanc 21st Annual Industrials & Basic Materials Conference on June 1, the UBS Global Industrials and Transportation Conference 2022 on June 7, and the Stifel 2022 Cross Sector Insight Conference on June 8. Presentations will be accessible before the conferences through the company's website, with live webcasts available where applicable. For more information, contact Jason Mead at (802) 772-2293.
Casella Waste Systems (NASDAQ: CWST) announced an offering of up to $60 million in Solid Waste Disposal Revenue Bonds to finance capital projects in Vermont. Initially, $35 million will be issued, with the potential for an additional $25 million in future tranches. The bonds will be guaranteed by Casella’s subsidiaries and will not constitute a general obligation of the Issuer or Vermont state debt. The completion of the offering is contingent on market conditions, and the bonds will be offered only to qualified institutional buyers under Rule 144A.
Casella Waste Systems (NASDAQ: CWST) reported strong Q1 2022 results, with revenues of $234.0 million, a 23.5% increase year-over-year. Solid waste pricing rose 5.6%, driven by collection and disposal price increases of 6.5% and 4.0% respectively. Net income was $4.2 million, down 2.8%, while Adjusted Net Income rose 21.5% to $5.8 million. The Company updated its 2022 guidance, raising revenue expectations to $1.005 billion - $1.020 billion and Adjusted EBITDA to $232 million - $236 million, citing inflation mitigation strategies.
Casella Waste Systems (Nasdaq: CWST) announces leadership transitions as President Edwin D. Johnson plans to retire on June 30, 2022. Effective July 1, 2022, Edmond “Ned” R. Coletta will become President & Chief Financial Officer, while Sean M. Steves will be promoted to COO of Solid Waste Operations, and Jason M. Mead to Senior VP of Finance & Treasurer. These changes follow a multi-year succession planning effort to ensure continuity and uphold the company's culture. Johnson will remain as an advisor through 2022 for a seamless transition.
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