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 reported strong fiscal year 2022 results, exceeding guidance with revenues of $1.085 billion, up 22% year-over-year and net income of $53.1 million, a 29.1% increase. In Q4 2022, revenues reached $272.1 million, a 12.5% rise, while net income slightly decreased to $8.4 million. Adjusted EBITDA for the year was $245.2 million, a 20.5% increase. For fiscal year 2023, the company anticipates revenues between $1.150 billion and $1.180 billion, with net income projected at $56 million to $62 million.
Casella Waste Systems (Nasdaq: CWST) will announce its financial results for the quarter ending December 31, 2022, on February 16, 2023, after market close. A conference call to discuss these results is scheduled for February 17, 2023, at 10:00 a.m. ET. Interested participants must register to receive dial-in information.
The call will also be available via webcast on the company’s website, and a replay will be provided for those unable to attend live. For further inquiries, contact Jason Mead, SVP of Finance & Treasurer, at (802) 772-2293 or visit the website for more details.
Casella Waste Systems has launched a pilot program for the first electric refuse vehicle in Vermont, the Mack LR Electric, at a ceremony in Rutland. This initiative is part of Vermont's efforts to electrify its transportation sector, supported by funding from the Volkswagen Environmental Mitigation Trust. The electric truck, which will operate on residential routes, is expected to save over 7,500 gallons of diesel fuel annually and cut greenhouse gas emissions by more than 78 metric tons. The company aims to explore the viability of this technology for broader application in the future.
Clean Harbors has appointed Eric W. Gerstenberg and Michael L. Battles as co-CEOs, effective March 31, 2023, succeeding founder Alan S. McKim, who becomes Executive Chairman and CTO. This leadership transition comes after a comprehensive selection process, aiming to maintain stability for stakeholders. Gerstenberg, with over 30 years at Clean Harbors, and Battles, who joined in 2013, bring extensive experience to their new roles. The company emphasizes its strategic growth and commitment to environmental services, building on a legacy that has transformed the industry since 1980.
Casella Waste Systems (CWST) reported strong third-quarter results, with revenues of $295.3 million, a 22% increase year-over-year, and net income of $22.7 million, up 42.9%. Adjusted EBITDA reached $75 million, reflecting a 22.5% growth. The company raised its fiscal year 2022 guidance for revenues to between $1.065 billion and $1.080 billion, and net income to between $53 million and $56 million. With 13 acquisitions completed in 2022 generating approximately $48 million in annualized revenues, Casella continues to drive growth through strategic pricing and operational efficiencies.
Casella Waste Systems (NASDAQ: CWST) partners with TerraCycle to launch TerraCycle Pouch by Casella, a pilot program in Burlington, Vermont. The initiative allows households and businesses to recycle hard-to-recycle items like coffee capsules and cosmetic packaging. Subscribers receive collection pouches and can schedule pickups via a QR code or online.
Successful implementation may lead to expansion in other areas. Casella aims to enhance recycling and support a circular economy, marking a significant step in integrated resource management.
Casella Waste Systems, Inc. (Nasdaq: CWST) will announce its financial results for Q3 2022 after market close on October 27, 2022. A conference call is scheduled for October 28, 2022, at 10:00 a.m. ET, where investors can register here. A replay will be available post-call. Additionally, management will present at the 2022 Baird Global Industrial Conference on November 8, 2022.
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