Latest news with #CasellaWasteSystems
Yahoo
a day ago
- Business
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Casella Waste price target raised to $135 from $130 at TD Cowen
TD Cowen raised the firm's price target on Casella Waste (CWST) to $135 from $130 and keeps a Buy rating on the shares. The firm sees its growth as underappreciated and believes consensus revenue estimates typically exclude M&A and make high growth forecasts overly conservative while forward multiples appear artificially high. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CWST: Disclaimer & DisclosureReport an Issue Casella Waste Systems Reports Strong Q1 2025 Revenue Growth Casella Waste Systems Reports Record Earnings and Growth Casella Waste: Strong Performance and Strategic Growth Drive Buy Rating Casella Waste reports Q1 adjusted EPS 19c, consensus 10c Casella Waste sees FY25 revenue $1.775B-$1.805B, consensus $1.79B Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
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Casella Drivers Honored by National Waste and Recycling Association
RUTLAND, Vt., May 27, 2025 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company, is pleased to announce that three drivers were recently honored by the National Waste & Recycling Association (NWRA) as part of its annual Drivers and Operators of the Year program. Representing an elite group of waste and recycling collection drivers, from a total of 141,000 refuse trucks operating daily, the following three Casella drivers' commitment to excellence and safety set them apart from the rest. Regional Commercial Driver of the Year: Frank Corl, Cheshire, MA Regional Commercial Honorable Mention: Juan Caraballo, Potsdam, NY Regional Roll Off Honorable Mention: Daniel Hale, Salem, NH The Driver of the Year awards, sponsored by Environmental Solutions Group, honor drivers who operate safely, responsibly, and with distinction, enhancing both the image and safety culture of the waste industry. Categories include residential, commercial, and roll-off drivers at the local (500 truck fleet), regional (500-2,500 truck fleet), and national (2,500+ truck fleet) levels. 'We're proud of our entire team for the essential work that they do each day, and any chance to recognize those who go above and beyond is appreciated,' said John W. Casella, Chairman and CEO of Casella. 'To have these three drivers recognized in this manner speaks to their commitment to our customers and communities to operate at such a high level over an extended period. Having representation in three states and multiple lines of business gives us all a great sense of pride that our commitment to Casella's Core Values is felt throughout our operating footprint.' Independent judges selected the winners based on letters of recommendation and the difficulty of the route based on factors such as number of pickups and miles driven weekly. All three drivers were recognized for their distinguished service at a celebratory awards gala on Monday, May 5, at WasteExpo in Las Vegas, Corl A pillar of dedication and dependability, Frank Corl has spent over 30 years delivering exceptional service and ensuring customer satisfaction. His commitment goes beyond simply completing his route; he actively ensures customer needs are met and provides a positive experience for those he serves. Whether responding swiftly to additional stops or supporting fellow drivers, Frank embodies professionalism, leadership, and an unwavering work ethic. His deep industry knowledge, meticulous attention to detail, and commitment to safety make him a role model for others. 'Frank's dedication goes far beyond his job description. He consistently goes the extra mile to ensure customers are satisfied and everyone is properly taken care of,' said Cheshire, MA Division Manager Stephen Haeder. 'His outstanding work ethic and commitment to excellence from his very first day on the job have always set him apart.'Juan Caraballo Juan Caraballo is a highly respected and trusted team member, consistently demonstrating exceptional dedication to customer service, safety, and operational efficiency. With over 20 years of experience, Caraballo has become a leader within his division, embodying the Casella Core Values in his daily work. Described as a "go-to guy," Caraballo consistently completes tasks with a focus on safety and efficiency, proactively offering suggestions to improve processes and enhance service. His commitment to customers is paramount; he considers them friends and consistently goes the extra mile to meet their needs. An exceptional safety record complements Caraballo's strong work ethic. 'What sets Juan apart from others is his extraordinary daily commitment to safety and service, on and off the clock,' said Potsdam, NY Division Manager Doug Fry. 'I hear nothing but praise from Juan's customers when I am out doing site visits, fellow coworkers in the breakroom, and multiple levels of local leadership.'Daniel Hale With over 25 years of professional driving experience, Dan Hale exemplifies dedication, reliability, and operational excellence as a roll-off driver. Known for his punctuality and impeccable attendance record, Hale has consistently been on time and has never called off work, earning the admiration and respect of his colleagues and supervisors alike. As a seasoned driver, Hale has trained dozens of employees, making a significant contribution to the efficiency and success of his team. His meticulous approach to pre-trip and post-trip inspections ensures the safety and reliability of his vehicle, making him one of the safest drivers in the fleet. 'Dan is a pleasure to work with. His professionalism, expertise, and experience contribute to our daily success as a team,' said Salem, NH Dispatcher Glenn Doherty. 'He approaches every assignment with a thoroughness that makes the whole division run smoothly.' ABOUT CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For further information, investors may visit the Company's website at Investors: Brian J. Butler, CFAVice President of Investor Relations(802) 772-2264 Media: Jeff WeldVice President of Communications(802) 772-2234http:// Photos accompanying this announcement are available at
Yahoo
16-05-2025
- Business
- Yahoo
CWST Q1 Earnings Call: Organic Growth, M&A Integration, and Margin Pressures Shape Outlook
Waste management company Casella (NASDAQ:CWST) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 22.3% year on year to $417.1 million. The company expects the full year's revenue to be around $1.79 billion, close to analysts' estimates. Its non-GAAP profit of $0.19 per share was 85% above analysts' consensus estimates. Is now the time to buy CWST? Find out in our full research report (it's free). Revenue: $417.1 million vs analyst estimates of $404.6 million (22.3% year-on-year growth, 3.1% beat) Adjusted EPS: $0.19 vs analyst estimates of $0.10 (85% beat) Adjusted EBITDA: $80.16 million vs analyst estimates of $83.98 million (19.2% margin, 4.5% miss) The company reconfirmed its revenue guidance for the full year of $1.79 billion at the midpoint EBITDA guidance for the full year is $417.5 million at the midpoint, in line with analyst expectations Operating Margin: 0.8%, down from 2% in the same quarter last year Free Cash Flow was $29.06 million, up from -$2.41 million in the same quarter last year Organic Revenue rose 3.1% year on year (2.1% in the same quarter last year) Market Capitalization: $7.21 billion Casella Waste Systems reported first quarter results that exceeded Wall Street's revenue and non-GAAP profit expectations, driven by a combination of organic growth and the ongoing integration of several recent acquisitions. Management attributed the quarter's performance to strong pricing in its solid waste segment, organic growth in landfill and resource solutions operations, and continued execution on cost-efficiency initiatives, despite challenging winter weather in the Northeast leading to volume softness in certain areas. Looking ahead, Casella's leadership reconfirmed its full-year guidance, emphasizing a robust M&A pipeline and ongoing operational improvements as the key drivers of future performance. CEO John Casella cited the company's resilience to macroeconomic uncertainty and low exposure to tariffs, noting, 'The nature of our solid waste business reduces the impact of economic swings and our domestic focus limits exposure to tariffs.' Management remains focused on disciplined acquisition strategy, internalization of volumes, and the further ramp-up of its recycling infrastructure. Casella's management highlighted the impact of pricing discipline, acquisition integration, and operational efficiency on the latest quarter's results, while also acknowledging some headwinds in waste volumes due to seasonal and economic factors. Solid waste pricing momentum: Casella achieved 5.8% price increases in its collection business, with pricing outpacing inflation and commercial customer pricing performing particularly well. Management noted that most pricing actions for the year were implemented early, supporting margin resilience. Landfill volume recovery: Landfill operations saw organic growth above 7%, with volume increases attributed to both recapturing construction and demolition (C&D) waste in New York and strategic improvements to internalize more waste. Management expects these trends to continue as market conditions normalize. Resource Solutions expansion: The Resource Solutions segment benefited from the ramp-up at the upgraded Willimantic recycling facility and double-digit organic growth in national accounts, fueled by new business wins in key customer segments. Acquisition integration progress: Casella closed four acquisitions year-to-date, with most integration benefits coming from operational synergies and densification of routes. Management cited a dedicated integrations team and ongoing IT upgrades as central to achieving further efficiency gains. Operational investments: The company continued converting its truck fleet to automation, with plans for 40 additional automated trucks in 2025, aiming to drive cost reductions and enhance route optimization. Management views these initiatives as key to sustaining margin expansion in legacy operations. Management's outlook for the year is underpinned by continued pricing discipline, the successful integration of recent acquisitions, and investments in operational efficiencies, while closely monitoring macroeconomic and seasonal volume trends. M&A pipeline and integration: Casella plans to pursue additional acquisition opportunities in its core Northeast and Mid-Atlantic markets, with a $500 million revenue pipeline and sufficient liquidity to execute. Management expects these deals to further densify routes and improve margins. Internalization and infrastructure: Initiatives to internalize more waste into company-owned landfills and investments in recycling and automation technology are expected to drive incremental EBITDA and long-term competitive advantage. External risks: Management highlighted limited exposure to tariffs and macroeconomic swings but acknowledged that volume growth could be impacted by weather and regional construction activity. The team remains vigilant about cost inflation and vendor pricing. Adam Bubes (Goldman Sachs): Asked about the sustainability of landfill volume growth and capacity utilization. Management explained that about a third of volume gains were from recaptured C&D waste, with significant untapped capacity—especially at the McKean landfill—reserved as a long-term buffer. Trevor Romeo (William Blair): Inquired about the durability of above-budget pricing and integration synergies from acquisitions. Management stated most pricing is locked in early, with commercial collection outperforming, and integration teams delivering ahead of pro forma expectations, though IT system upgrades remain ongoing. James Schumm (TD Cowen): Sought clarification on the interplay between lower disposal volumes and higher landfill volumes. Casella attributed this to weak roll-off activity, especially in the Northeast, but noted landfill growth reflected both internalization efforts and recovering C&D markets. Stephanie Moore (Jefferies): Asked about the financial impact of internalizing waste after acquisitions. Management said benefits are acquisition-specific and phased in over time due to existing contracts and infrastructure constraints, making it challenging to generalize EBITDA impact per internalization percentage. Timna Tanners (Wolfe Research): Questioned why guidance was not raised despite a strong quarter and additional acquisition revenue. Management responded that it is too early in the year to adjust guidance, preferring to maintain a cautious stance amid continued macro uncertainty. In the quarters ahead, the StockStory team will be focused on (1) the pace and efficiency of acquisition integration, particularly how well Casella converts new acquisitions into margin accretive operations, (2) the ramp-up and performance of automated fleet and recycling infrastructure upgrades, and (3) the sustainability of pricing power in the face of fluctuating waste volumes and external cost pressures. Execution on internalization initiatives and progress in the M&A pipeline will also be closely monitored. Casella Waste Systems currently trades at a forward P/E ratio of 94.1×. Should you double down or take your chips? Find out in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. 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Yahoo
03-05-2025
- Business
- Yahoo
Casella Waste Systems First Quarter 2025 Earnings: Beats Expectations
Revenue: US$417.1m (up 22% from 1Q 2024). Net loss: US$4.81m (loss widened by 17% from 1Q 2024). US$0.076 loss per share (further deteriorated from US$0.071 loss in 1Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Performance of the American Commercial Services industry. The company's share price is broadly unchanged from a week ago. Before you take the next step you should know about the 4 warning signs for Casella Waste Systems (1 is concerning!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
01-05-2025
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Casella Waste Systems (NASDAQ:CWST) Beats Expectations in Strong Q1
Waste management company Casella (NASDAQ:CWST) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 22.3% year on year to $417.1 million. The company expects the full year's revenue to be around $1.79 billion, close to analysts' estimates. Its non-GAAP profit of $0.19 per share was 85% above analysts' consensus estimates. Is now the time to buy Casella Waste Systems? Find out in our full research report. Revenue: $417.1 million vs analyst estimates of $404.6 million (22.3% year-on-year growth, 3.1% beat) Adjusted EPS: $0.19 vs analyst estimates of $0.10 (85% beat) Adjusted EBITDA: $86.41 million vs analyst estimates of $83.98 million (20.7% margin, 2.9% beat) The company reconfirmed its revenue guidance for the full year of $1.79 billion at the midpoint EBITDA guidance for the full year is $417.5 million at the midpoint, in line with analyst expectations Operating Margin: 0.8%, down from 2% in the same quarter last year Free Cash Flow was -$5.35 million compared to -$2.41 million in the same quarter last year Market Capitalization: $7.45 billion 'We had a strong first quarter to start the year, with both revenue and Adjusted EBITDA up over 20% year-over-year, as we continue to execute successfully on our operating and growth strategies,' said John W. Casella, Chairman and CEO of Casella Waste Systems, Starting with the founder picking up garbage with a pickup truck he purchased using savings from high school, Casella (NASDAQ:CWST) offers waste management services for businesses, residents, and the government. A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Thankfully, Casella Waste Systems's 16.5% annualized revenue growth over the last five years was incredible. Its growth beat the average industrials company and shows its offerings resonate with customers. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Casella Waste Systems's annualized revenue growth of 21.1% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. This quarter, Casella Waste Systems reported robust year-on-year revenue growth of 22.3%, and its $417.1 million of revenue topped Wall Street estimates by 3.1%. Looking ahead, sell-side analysts expect revenue to grow 11.7% over the next 12 months, a deceleration versus the last two years. Despite the slowdown, this projection is admirable and suggests the market is forecasting success for its products and services. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Casella Waste Systems was profitable over the last five years but held back by its large cost base. Its average operating margin of 6.6% was weak for an industrials business. This result is surprising given its high gross margin as a starting point. Analyzing the trend in its profitability, Casella Waste Systems's operating margin decreased by 4 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. Casella Waste Systems's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. In Q1, Casella Waste Systems's breakeven margin was down 1.3 percentage points year on year. Since Casella Waste Systems's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Casella Waste Systems's EPS grew at a weak 3.9% compounded annual growth rate over the last five years, lower than its 16.5% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded. We can take a deeper look into Casella Waste Systems's earnings to better understand the drivers of its performance. As we mentioned earlier, Casella Waste Systems's operating margin declined by 4 percentage points over the last five years. Its share count also grew by 31.3%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Casella Waste Systems, EPS didn't budge over the last two years, a regression from its five-year trend. We hope it can revert to earnings growth in the coming years. In Q1, Casella Waste Systems reported EPS at $0.19, up from negative $0.01 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Casella Waste Systems's full-year EPS of $1.09 to grow 10.7%. We were impressed by how significantly Casella Waste Systems blew past analysts' EPS expectations this quarter. We were also glad its revenue outperformed Wall Street's estimates. Overall, we think this was a solid quarter with some key areas of upside. The stock remained flat at $116.75 immediately after reporting. Should you buy the stock or not? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
