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 (NASDAQ: CWST) has announced a $1.5 million commitment to establish the Casella Center for Circular Economy and Sustainability at the University of Vermont (UVM). This industry-first research hub will focus on developing sustainable waste and materials management solutions.
The center, marking Casella's first research center launch and coinciding with its 50th anniversary, will be housed in UVM's Rubenstein School of Environment and Natural Resources. Prof. Eric Roy, who has collaborated with Casella since 2016, will serve as the inaugural Director.
The initiative brings together scientists, engineers, and materials management experts for research, workshops, and lectures on sustainable waste management, resource solutions, climate leadership, and community engagement. The center will support one Ph.D. student and two undergraduate or M.S. students annually, along with research staff.
Casella Waste Systems (NASDAQ:CWST) has announced the pricing of up to $25.0 million Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds. The bonds, maturing on June 1, 2052, will carry a 4.375% per annum interest rate during the initial fixed period ending May 31, 2032.
This offering represents the drawdown of remaining funds from the Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022, following an initial $35.0 million loan in June 2022. The bonds will be guaranteed by substantially all of Casella's subsidiaries and are expected to close around March 11, 2025.
The company plans to use the proceeds to finance qualifying capital projects in Vermont and cover issuance costs. The bonds will be offered exclusively to qualified institutional buyers under Rule 144A and will not constitute state or issuer indebtedness.
Casella Waste Systems (NASDAQ:CWST) announced an offering of up to $25.0 million in Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds. This represents the drawdown of remaining funds from a larger bond series, following an initial $35.0 million loan in June 2022.
The bonds will be guaranteed by Casella's subsidiaries and will be available to qualified institutional buyers under Rule 144A. The company plans to use the proceeds to finance capital projects in Vermont. The bonds must be drawn by June 1, 2025, and will not constitute indebtedness of the State of Vermont or the Issuer, being payable solely from remarketing proceeds and amounts received from Casella.
Casella Waste Systems (Nasdaq: CWST) has been named to Forbes 'America's Best Midsize Employers' list for 2025, standing out as the only waste management company and Vermont-headquartered organization among nearly 500 recognized businesses. The selection process involved a Statista survey of over 217,000 employees at U.S. companies with 1,000+ workers.
The company's commitment to employee development is exemplified by its Kenneth A. Hier Sr. CDL Training Center, established in 2020, which has trained over 300 new drivers. This initiative honors Hier, Casella's first employee from 1976, who completed more than one million service stops in his 41-year career.
Building on its recognition on Time's America's Best Midsize Companies 2024 List, Casella continues expanding its workforce development programs beyond driver training to include mechanics, technicians, and frontline leaders. Chairman and CEO John W. Casella emphasizes that their service-first approach, dating back to 1975, has been important to employee satisfaction and business growth as they expand beyond 5,000 employees.
Casella Waste Systems (CWST), a regional solid waste, recycling, and resource management services company, has announced its participation in two upcoming investor conferences:
• The Raymond James 46th Annual Institutional Investors Conference on Monday, March 3, 2025
• The Gabelli 11th Annual Waste & Sustainability Symposium on Thursday, April 3, 2025
Presentation materials will be made available in the 'Events & Presentations' section of CWST's investor website prior to each presentation. Where applicable, live webcast links will be posted on the company's investor website. Interested parties can access additional information through Jason Mead, Senior Vice President of Finance & Treasurer.
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.
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