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 announced on April 21, 2023, an agreement to acquire waste collection, transfer, and recycling operations from GFL Environmental for $525 million. This acquisition includes nine hauling operations, one transfer station, and one material recovery facility across Pennsylvania, Delaware, and Maryland, with projected annual revenues of approximately $185 million. The deal is expected to close in Q3 2023, pending regulatory approvals.
CEO John W. Casella emphasized that this move enhances the company's growth strategy by expanding its footprint into the Mid-Atlantic region, building on prior successful acquisitions. The acquired operations are expected to generate approximately $43 million in EBITDA in the first year, with anticipated synergies of $8 million by year three and tax benefits exceeding $130 million.
Casella Waste Systems, trading as CWST, will announce its financial results for the quarter ending March 31, 2023, on April 27, 2023, post-market close. A conference call for discussion of these results is scheduled for April 28, 2023, at 10:00 a.m. Eastern Time. Interested participants can register here. The call will also be available via webcast on the company’s website.
Additionally, management will participate in investor conferences on May 1, May 8, and May 11, 2023.
On February 21, 2023, Casella Waste Systems announced participation in several upcoming investor conferences. Key events include the BofA Securities 2023 Global Agriculture and Materials Conference on March 2, the Raymond James 44th Annual Institutional Investors Conference on March 7, and the Jefferies 2023 Business Services Summit on March 23. Presentation materials will be accessible on the company’s investor website before each event. Live webcasts will also be available for attendees.
For more details, interested parties can contact Jason Mead, Senior Vice President of Finance & Treasurer, at (802) 772-2293 or visit the company’s website.
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