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. (NASDAQ: CWST) is a regional solid waste, recycling and resource management services company headquartered in Rutland, Vermont. News about Casella typically centers on its financial performance, acquisition activity, leadership developments, and financing transactions, all within the context of its operations in the eastern United States.
Investors following CWST news will find regular quarterly earnings announcements in which the company reports revenues, net income, and non-GAAP measures such as Adjusted EBITDA and Adjusted Free Cash Flow. These releases often discuss the impact of acquisitions, collection and disposal pricing, landfill volumes, and growth in its Resource Solutions activities, as well as updated guidance ranges for revenue and cash flow metrics.
Casella’s news flow also includes corporate governance and leadership updates. Recent disclosures describe a CEO succession plan in which John W. Casella transitions from Chief Executive Officer to Executive Chairman of the Board, and Edmond R. “Ned” Coletta assumes the role of Chief Executive Officer and joins the Board. These announcements highlight continuity in management and the company’s long operating history.
Another recurring theme in Casella’s news is its use of tax-exempt solid waste disposal revenue bonds issued through state authorities in Maine and New York. Press releases and related Form 8-K filings describe the pricing, remarketing, and redemption of these bonds, the associated interest rate periods, and the use of proceeds to finance assets used in the company’s operations.
By monitoring this CWST news page, readers can review a stream of company-issued updates on earnings, guidance, acquisitions, leadership changes, and financing events that shape Casella’s development as a regional waste and resource management services provider.
Casella Waste Systems (CWST) reported Q2 2020 revenues of $188.8 million, reflecting a 0.7% increase from Q2 2019. Net income rose to $12.1 million, a 1.7% increase. Adjusted EBITDA reached $44.0 million, an 8.9% rise. COVID-19 had a minimal impact on overall revenue, with about 85% from stable sources. The company expects 2020 revenues between $755 million and $770 million and net income between $23 million and $28 million, down from 2019. Strong cost management and strategic acquisitions support growth despite a dip in solid waste volumes by 12.4%.
Casella Waste Systems, trading under the ticker CWST, will present at two virtual investor conferences. The Stifel 2020 Virtual Investor Summit is scheduled for August 10, 2020, at 3:00 PM ET. Following this, the Raymond James Virtual Diversified Industrials Conference will take place on August 25, 2020, at 3:20 PM ET. Presentations will be available prior to the events on the company’s investor relations website, and the conferences will be webcast live. For more information, contact CFO Ned Coletta.
Casella Waste Systems (Nasdaq: CWST) will announce its financial results for the quarter ending June 30, 2020, on August 3, 2020, after market closure. A conference call will be held on August 4, 2020, at 10:00 a.m. ET to discuss these results. Participants can join by calling (877) 838-4153, or (720) 545-0037 for international callers, with a Conference ID of 196 4199. The call will also be available via webcast on the company’s website. Replay options will be provided.
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Casella Waste Systems (Nasdaq: CWST) announced its participation in two upcoming virtual investor conferences. The first is the UBS Virtual Global Industrials and Transportation Conference on June 3, 2020, at 2:10 PM ET. The second is the Stifel 2020 Virtual Cross Sector Insight Conference on June 9, 2020, at 8:40 AM ET. Presentations will be available on the company’s investor website shortly before the events. Both conferences will also be webcast live, enhancing access for investors.
Casella Waste Systems (NASDAQ: CWST) reported Q1 2020 results with revenues of $182.9 million, an 11.8% increase year-over-year. Net income for the quarter was $1.0 million, up $2.7 million from Q1 2019. Adjusted EBITDA rose to $33.5 million, a 25.9% increase. Cash flow from operations jumped by 209.6% to $14.8 million. However, the company withdrew its guidance for FY 2020 due to COVID-19 uncertainty. The COVID-19 pandemic impacted solid waste volumes negatively, with a decline of 2.7% in the volume collected. The company maintained a strong liquidity position with $139.8 million available.