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. (CWST) provides integrated resource management services across the eastern United States, specializing in sustainable waste solutions. This news hub offers investors and stakeholders timely access to official announcements and market developments.
Track CWST's operational milestones through earnings reports, acquisition updates, regulatory filings, and sustainability initiatives. Our curated feed consolidates press releases covering service expansions, recycling innovations, and strategic partnerships.
Key updates include quarterly financial results, environmental compliance achievements, infrastructure investments, and leadership changes. Content is organized chronologically showcase the company's progress in waste-to-energy conversion and circular economy practices.
Bookmark this page for direct access to Casella's evolving position in the environmental services sector. Check regularly for updates on operational efficiencies, customer contract wins, and industry recognition that may impact long-term value creation.
Casella Waste Systems, Inc. (NASDAQ: CWST) reported strong financial results for Q2 2024. Revenues increased by 30.2% to $377.2 million, driven by acquisitions, solid pricing, and higher recycling commodity prices. Net income rose 27.6% to $7.0 million, while Adjusted EBITDA grew 26.9% to $91.6 million. The company completed five acquisitions year-to-date, including LMR Disposal and Whitetail Disposal in the Mid-Atlantic region, adding over $100 million in annualized revenues.
Casella updated its fiscal year 2024 guidance, raising revenue projections to $1.520-$1.550 billion and Adjusted EBITDA to $360-$370 million. However, net income guidance was lowered to $15-$25 million due to higher acquisition-related expenditures. The company maintains a robust M&A pipeline and sees further growth opportunities in the Mid-Atlantic market.
Casella Waste Systems, Inc. (Nasdaq: CWST) has expanded its presence in the Mid-Atlantic region through two strategic acquisitions. The company acquired LMR Disposal on July 1, 2024, and Whitetail Disposal, Inc. on August 1, 2024. These acquisitions include collection operations across eastern Pennsylvania and western New Jersey, complementing Casella's existing Mid-Atlantic operations. The company expects to generate over $100 million in total annualized revenues from these acquisitions.
John W. Casella, Chairman and CEO, emphasized that these acquisitions align with the company's disciplined growth strategy and further expand their operations in the Mid-Atlantic region. The newly acquired businesses fit well with Casella's existing regional platform and present additional growth opportunities. The company is committed to ensuring a smooth transition for new customers and operations while introducing its differentiated resource solutions service offerings and capabilities.
Casella Waste Systems, Inc. (Nasdaq: CWST) has been named to Time's 'America's Best Mid-Size Companies 2024' list, the only waste management company and Vermont-based firm to be recognized. The list evaluates companies with $100 million to $10 billion in revenue based on employee satisfaction, revenue growth, and sustainability transparency. Casella's CEO, John W. Casella, emphasized the company's investments in employee engagement, safety, training, and retention. Notable initiatives include:
1. A CDL Driving School with over $1.5 million invested, training 300+ new drivers.
2. Restructured annual incentive plans to improve safety and reduce employee turnover.
3. A focus on being an employer of choice in a competitive job market.
The recognition validates Casella's approach of prioritizing employee satisfaction to drive customer service and financial success.
Casella Waste Systems (Nasdaq: CWST) will release its Q2 2024 financial results on August 1, 2024, post-market close. The company will host a conference call the next day, August 2, 2024, at 10:00 a.m. ET to discuss the results. Interested participants can register for call details on Casella's website, where the call will also be webcast. A replay will be available later.
Additionally, Casella's management will present at the Raymond James Industrial and Energy Showcase on August 8, 2024.
For more information, contact Charlie Wohlhuter, Director of Investor Relations, at (802) 772-2230 or visit the company’s website.
Casella Waste Systems (Nasdaq: CWST) has been named to USA Today’s “America’s Climate Leaders 2024” list for the second consecutive year, recognizing significant reductions in operational emissions intensity from 2020 to 2022. Casella is one of only three companies in its industry to make the list and one of two to achieve this recognition in back-to-back years. The company, known for its sustainable waste and recycling innovations, established Vermont's first recycling facility in 1977 and has been a charter member of the EPA’s Climate Leaders program since 2005. CEO John W. Casella emphasized the company’s commitment to sustainability, noting that Casella’s operations prevent more greenhouse gas emissions than they produce.
Casella Waste Systems (Nasdaq: CWST) announced that four of its drivers were honored by the National Waste & Recycling Association (NWRA) in its annual Drivers and Operators of the Year program.
Casella drivers Curtis Rhodes, Shawn Dutton, and John Michaud were named regional top drivers in the Commercial, Residential, and Industrial categories, respectively. Cesarin Guerrero received an honorable mention in the Industrial category. These awards recognize drivers' commitment to safe operations and outstanding performance.
The drivers were chosen from hundreds of applications, and their achievements reflect Casella's dedication to safety and excellence in service.
Casella Waste Systems (Nasdaq: CWST), a company specializing in solid waste, recycling, and resource management services, announced its participation in two upcoming investor conferences. Management will present at the Stifel 2024 Cross Sector Insight Conference and the Wolfe Research Small and Mid-Cap Conference, both scheduled for June 4, 2024. Presentation materials will be available on the company's investor website prior to the events, where live webcasts will also be accessible. For more information, contact Director of Investor Relations, Charlie Wohlhuter.
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