Casella Waste Stock Price, News & Analysis

Casella Waste Systems (NASDAQ: CWST) announced on December 22, 2021, that it secured a new $650 million credit facility, which replaces its previous $550 million credit agreement. The new facility includes a $350 million term loan and a $300 million revolving credit line, with lower interest margins for LIBOR-based borrowings, now between 1.125% and 2.125%. This agreement, maturing on December 22, 2026, also introduces provisions to transition from LIBOR to a SOFR-based benchmark. Details will be provided in a forthcoming Current Report on Form 8-K.

Casella Waste Systems (CWST) reported strong Q3 results, exceeding expectations with revenues of $242 million, marking a 19.4% increase year-over-year. Net income rose to $15.9 million, a 4.9% increase. The company increased its fiscal year 2021 guidance to $870-$880 million in revenues and $37-$41 million in net income, reflecting strong operational execution and ongoing acquisitions. Adjusted EBITDA for the quarter was $61.2 million, up 19.4%. The company also experienced a 4.1% increase in solid waste pricing and solid growth in cash flow metrics.

Casella Waste Systems, a regional solid waste and resource management company, will announce its financial results for the quarter ending September 30, 2021, on October 28, 2021, post-market. A conference call is scheduled for October 29, 2021, at 10:00 a.m. ET, accessible at (877) 838-4153 for domestic callers and (720) 545-0037 for international participants. The call will also be available via webcast on the company's website. Additionally, management will present at the Berenberg US CEO Conference on November 9, 2021, and the Baird Global Industrial Conference on November 10, 2021.

Casella Waste Systems (CWST) announced that Christopher B. Heald, the Vice President and Chief Accounting Officer, will retire on March 31, 2022, after 20 years with the company. John W. Casella, Chairman and CEO, commended Heald for his integrity and contributions to the company's success. Heald will assist in the transition in an advisory role. Casella Waste Systems provides solid waste management services in the northeastern United States, offering collection, transfer, disposal, and recycling services.

Casella Waste Systems, a leader in solid waste and recycling services, announced that management will present at the Raymond James Diversified Industrials Conference on August 24, 2021. Investors can access the presentation shortly before it begins through the company’s website. Additionally, the event will be available via a live webcast link on the site. For more queries, contact CFO Ned Coletta at (802) 772-2239.

Casella Waste Systems reported a strong Q2 2021 with revenues of $215.9 million, up 14.4% year-over-year, supported by increased solid waste pricing and volumes. Net income was $11.8 million, a 2.7% decline, largely due to higher tax provisions and acquisition expenses. Adjusted EBITDA increased 18.5% to $52.1 million. The company raised its fiscal year 2021 guidance across several metrics, forecasting revenues between $850 million and $860 million and adjusted EBITDA between $195 million and $199 million.

Casella Waste Systems (NASDAQ: CWST) announced the acquisition of Willimantic Waste Paper Co., Inc. on July 26, 2021. This strategic move expands Casella's operations into eastern Connecticut, where Willimantic serves over 30,000 customers, offering diverse waste management services. The acquisition is expected to generate approximately $62 million in annualized revenues. This marks Casella's fifth acquisition in 2021, contributing to a total of $67 million in annualized revenues this year. The company aims to leverage Willimantic's platform for future growth and operational integration.

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.