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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.
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.
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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.
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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.