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. provides regional solid waste, recycling, and resource management services for residential, commercial, municipal, and industrial customers. Company updates commonly address operating and financial results, collection and recycling activity, acquisitions, investor conference presentations, and changes in senior operating or revenue leadership.
Casella’s news also reflects expansion of route density and transfer or processing assets, including the completed acquisition of Star Waste Systems in eastern Massachusetts and southern New Hampshire. Its service categories include collection, recycling, organics, energy, landfills, special waste, and professional services.
Clean Harbors has appointed Eric W. Gerstenberg and Michael L. Battles as co-CEOs, effective March 31, 2023, succeeding founder Alan S. McKim, who becomes Executive Chairman and CTO. This leadership transition comes after a comprehensive selection process, aiming to maintain stability for stakeholders. Gerstenberg, with over 30 years at Clean Harbors, and Battles, who joined in 2013, bring extensive experience to their new roles. The company emphasizes its strategic growth and commitment to environmental services, building on a legacy that has transformed the industry since 1980.
Casella Waste Systems (CWST) reported strong third-quarter results, with revenues of $295.3 million, a 22% increase year-over-year, and net income of $22.7 million, up 42.9%. Adjusted EBITDA reached $75 million, reflecting a 22.5% growth. The company raised its fiscal year 2022 guidance for revenues to between $1.065 billion and $1.080 billion, and net income to between $53 million and $56 million. With 13 acquisitions completed in 2022 generating approximately $48 million in annualized revenues, Casella continues to drive growth through strategic pricing and operational efficiencies.
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Casella Waste Systems (NASDAQ: CWST) partners with TerraCycle to launch TerraCycle Pouch by Casella, a pilot program in Burlington, Vermont. The initiative allows households and businesses to recycle hard-to-recycle items like coffee capsules and cosmetic packaging. Subscribers receive collection pouches and can schedule pickups via a QR code or online.
Successful implementation may lead to expansion in other areas. Casella aims to enhance recycling and support a circular economy, marking a significant step in integrated resource management.
Casella Waste Systems, Inc. (Nasdaq: CWST) will announce its financial results for Q3 2022 after market close on October 27, 2022. A conference call is scheduled for October 28, 2022, at 10:00 a.m. ET, where investors can register here. A replay will be available post-call. Additionally, management will present at the 2022 Baird Global Industrial Conference on November 8, 2022.
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.
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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.