Casella Waste Stock Price, News & Analysis

Casella Waste Systems (NASDAQ: CWST) reported its Q4 and fiscal year 2024 results, showing significant growth across key metrics. Q4 revenues increased 18.9% to $427.5 million, while fiscal year 2024 revenues grew 23.1% to $1.557 billion. The company's solid waste pricing increased 5.7% in FY2024.

Q4 net income reached $4.9 million, up from a loss of $1.8 million in 2023. However, FY2024 net income decreased 46.7% to $13.5 million. Adjusted EBITDA for FY2024 grew 22.4% to $360.6 million, and Adjusted Free Cash Flow increased 23.4% to $158.3 million.

The company completed eight acquisitions in 2024 with over $200 million in annualized revenues, and three additional acquisitions in early 2025 adding approximately $40 million in annualized revenues. For fiscal year 2025, CWST projects revenues between $1.775-1.805 billion and net income between $10-25 million.

Casella Waste Systems (NASDAQ: CWST), a regional solid waste, recycling, and resource management services company, has announced its upcoming fourth quarter 2024 financial results release and conference call schedule. The company will release its financial results for the quarter ended December 31, 2024, after market close on Wednesday, February 12, 2025.

A conference call to discuss the results is scheduled for Thursday, February 13, 2025, at 10:00 a.m. Eastern Time. Interested participants can register online to receive dial-in and passcode details. The call will also be webcast through the company's investor relations website, with a replay available afterward.

Casella Waste Systems (NASDAQ:CWST) has announced the pricing of up to $45.0 million Finance Authority of Maine Solid Waste Disposal Revenue Bonds. The bonds will carry a 4.625% annual interest rate through June 1, 2035, and will mature on December 1, 2047.

The bonds will be guaranteed by substantially all of Casella's subsidiaries and are expected to close on December 23, 2024. The proceeds will be used to fund qualifying capital projects in Maine, cover issuance costs, and refinance the Authority's 2005 Series bonds due January 2025.

The bonds will be offered exclusively to qualified institutional buyers under Rule 144A and will not constitute indebtedness of the Authority or the State of Maine.

Casella Waste Systems (CWST) has dedicated its CDL Training Center to Ken Hier, the company's first employee hired in 1976, who passed away in January. The Kenneth A. Hier Sr. CDL Training Center, established in 2020, has graduated nearly 300 drivers and offers free commercial driver's license training valued at $5,000 per student.

The 10-day program, which includes training, room, and board, boasts a nearly 100% pass rate and requires a two-year employment commitment. Hier, known as 'The Man on the Mountain,' completed over one million successful service stops in his 41-year career and was named the National Waste and Recycling Association's Driver of the Year in 1996.

Casella Waste Systems (NASDAQ:CWST) announced an offering of up to $45.0 million in Solid Waste Disposal Revenue Bonds through the Finance Authority of Maine. The bonds will be guaranteed by Casella's subsidiaries and are intended to fund qualifying capital projects in Maine, cover issuance costs, and refinance the 2005 Series bonds maturing on January 1, 2025. The bonds will be offered exclusively to qualified institutional buyers under Rule 144A and will not constitute state indebtedness, being payable solely from remarketing proceeds and amounts received from Casella under the Financing Agreement.

Casella Waste Systems (Nasdaq: CWST) has announced its participation in two upcoming investor conferences: the Baird 2024 Global Industrial Conference on Tuesday, November 12, 2024, and the Goldman Sachs Industrials and Materials Conference on Thursday, December 5, 2024. The company, which specializes in regional solid waste, recycling, and resource management services, will make presentation materials available in the 'Events & Presentations' section of their investor website. Live webcast links will be provided where applicable.

Casella Waste Systems (NASDAQ: CWST) reported Q3 2024 results with revenues of $411.6 million, up 16.7% year-over-year. While solid waste pricing increased 5.5%, net income decreased 68.2% to $5.8 million. Adjusted EBITDA grew 14.9% to $102.9 million. The company completed six acquisitions year-to-date with over $200 million in aggregate annualized revenues, including Royal Carting and Welsh Sanitation. Operating performance was impacted by insurance expense accruals and lower landfill volumes. The company updated its fiscal year 2024 guidance, lowering net income expectations to $10-20 million while maintaining revenue guidance of $1.520-1.550 billion.

Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, has announced it will release its financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024. The company will host a conference call to discuss these results on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time.

Interested participants can register online to obtain dial-in and passcode details. The call will also be webcast on the company's website. A replay of the call will be available on the website. For further information, contact Charlie Wohlhuter, Director of Investor Relations, at (802) 772-2230 or visit the company's website at http://www.casella.com.

Casella Waste Systems, Inc. (Nasdaq: CWST) has announced the closing of a $1.5 billion amended and restated credit facility with Bank of America, N.A. as administrative agent and a syndicate of lenders. This new Credit Facility, maturing on September 27, 2029, replaces the company's previous $1.08 billion facility. It includes an $800 million term loan A facility and a $700 million revolving credit facility with a $155 million sublimit for letters of credit.

The revolving credit facility was undrawn at closing, providing increased liquidity for general corporate purposes and supporting the company's acquisition strategy. Interest rates for SOFR-based borrowings range from 1.300% to 2.175% based on the consolidated net leverage ratio. Joint lead arrangers include BofA Securities, JPMorgan Chase Bank, Citizens Bank, TD Bank, Wells Fargo Securities, and Comerica Bank.