Casella Waste Systems, Inc. files SEC reports that document its regional solid waste, recycling, and resource management business, its Nasdaq-listed Class A common stock, and recurring corporate events. Form 8-K filings furnish quarterly and fiscal-year operating results and record material events such as equipment lease and financing arrangements, executive changes, and revenue bond remarketing or redemption activity.
Casella’s proxy filings describe annual meeting proposals, director elections, advisory executive-compensation votes, board governance, and stockholder voting procedures. The filing record also documents capital-structure matters tied to its common stock, subsidiaries, guarantees, equipment financing, and solid waste disposal revenue bonds used in the company’s operations.
Casella Waste Systems senior vice president and general counsel Shelley E. Sayward reported two transactions in Class A Common Stock. On February 26, 2026, she acquired 4,598 shares at $0.00 per share through the vesting of performance-based stock units granted on March 10, 2023, following achievement of performance objectives and a relative total shareholder return multiplier for periods ending December 31, 2025. On February 27, 2026, she executed an open-market sale of 1,591 shares at an average price of $92.91 per share to cover tax withholding obligations tied to the PSU vesting, under an automatic sell-to-cover instruction adopted on August 2, 2023. After these transactions, she directly held 27,206 shares of Class A Common Stock.
Casella Waste Systems outlines its 2025 business performance and strategy as a vertically integrated solid waste and recycling company operating across eleven states. The company manages three regional solid waste segments plus a Resource Solutions segment focused on recycling, organics and national accounts.
For 2025, segment revenues reached $472.6 million in the Eastern region, $663.2 million in the Western region, $341.1 million in the Mid-Atlantic region and $360.0 million in Resource Solutions. Casella completed nine acquisitions in 2025 and reports a consolidated net leverage ratio of 2.34x as of December 31, 2025, while continuing to invest in landfill capacity, rail-served disposal, risk-managed recycling contracts, and extensive workforce development programs for its approximately 5,600 employees.
Casella Waste Systems reported strong growth for the fourth quarter and fiscal year 2025. Quarterly revenue reached $469.1 million, up 9.7% from 2024, while full-year revenue rose 18.0% to $1.837 billion, driven by acquisitions and solid waste pricing gains.
Despite this, profitability on a GAAP basis softened. Net loss for the quarter was $(2.5) million versus income of $4.9 million a year earlier, and full-year net income fell to $7.9 million, down 41.9%, largely due to higher costs and depreciation and amortization tied to acquisitions.
Non-GAAP metrics were much stronger. Full-year Adjusted EBITDA increased 17.3% to $422.8 million, and Adjusted Free Cash Flow rose 13.6% to $179.9 million. For 2026, the company guides to revenue of $1.970–$1.990 billion, Adjusted EBITDA of $455–$465 million, and Adjusted Free Cash Flow of $195–$205 million.
BlackRock, Inc. filed an amended Schedule 13G reporting passive ownership of Casella Waste Systems Inc. Class A stock as of 12/31/2025. BlackRock reports beneficial ownership of 8,928,731 shares, representing 14.3% of this share class, with sole voting power over 8,804,258 shares and sole dispositive power over the full 8,928,731 shares. The filing notes that these holdings reflect certain BlackRock business units and that iShares Core S&P Small-Cap ETF alone holds more than five percent of Casella’s outstanding common stock. BlackRock certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Casella.
The Vanguard Group filed an amended Schedule 13G reporting its beneficial ownership of Casella Waste Systems Inc common stock. Vanguard reports holding 6,574,893 shares, representing 10.51% of the outstanding common stock as of 12/31/2025. Vanguard has no sole voting power over these shares but shares voting power over 444,249 shares, while holding sole dispositive power over 6,052,403 shares and shared dispositive power over 522,490 shares. Vanguard certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Casella.