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.
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.