Casella Waste Systems

Casella Waste Systems, Inc. Announces First Quarter 2024 Results

Retrieved on: 
Thursday, April 25, 2024
Fiscal, Investment, Net, Depreciation, Municipal solid waste, Collection, Webcast, Liquidity, Public expenditure, Three Months, Acquisition, Casella Waste Systems, Adjustment, Recycling, GAAP, Growth, Casella, Bookkeeping

RUTLAND, Vt., April 25, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three-month period ended March 31, 2024.

Key Points: 
  • RUTLAND, Vt., April 25, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three-month period ended March 31, 2024.
  • Adjusted EBITDA, a non-GAAP measure, was $71.0 million for the quarter, up $20.4 million, or up 40.2%, from the same period in 2023.
  • Solid waste volumes were down year-over-year, as expected; however, this net trade-off improved margins,” Casella said.
  • The Company will host a conference call to discuss these results on Friday, April 26, 2024, at 10:00 a.m. Eastern Time.

Casella Waste Systems, Inc. to Host Conference Call on Its First Quarter 2024 Results and to Present at an Upcoming Investor Event

Retrieved on: 
Monday, April 8, 2024
Municipal solid waste, Webcast, Casella Waste Systems, Recycling

The company will host a conference call to discuss these results on Friday, April 26, 2024 at 10:00 a.m. Eastern Time.

Key Points: 
  • The company will host a conference call to discuss these results on Friday, April 26, 2024 at 10:00 a.m. Eastern Time.
  • Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details.
  • A replay of the call will be available on the company’s website and accessible using the same link.
  • The company also announced today that the company’s management will be presenting at the following investor conference:

Viridi Energy Acquires Maine Digester Facility for Industry-Leading Biosolids-to-RNG Project

Retrieved on: 
Tuesday, March 19, 2024
Environment, Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, Other Natural Resources, Agriculture, Natural Resources, Municipal solid waste, Electricity, Natural gas, Waste management, PFAS, Recycling, Partnership, Gasoline, Acquisition, Transport, Casella Waste Systems, Biosolids, RNG, Digestion, Sewage treatment

Viridi Energy (“Viridi” or “the firm”), a leading renewable natural gas (RNG) platform, announced today that it has acquired a legacy biosolids digester plant in Brunswick, Maine, with plans to transform the site into an industry-leading waste-to-RNG facility.

Key Points: 
  • Viridi Energy (“Viridi” or “the firm”), a leading renewable natural gas (RNG) platform, announced today that it has acquired a legacy biosolids digester plant in Brunswick, Maine, with plans to transform the site into an industry-leading waste-to-RNG facility.
  • At Viridi’s overhauled Brunswick facility, the biosolids will be transformed, via anaerobic digestion, into enough energy to heat more than 3,000 homes for a year.
  • “Viridi continues to lead the industry with innovative solutions that help overcome challenges in both the waste management and energy sectors, and this project signals the team’s ongoing emphasis on diversifying our waste feedstocks and expanding our processing capabilities to meet growing renewable energy needs,” said Dan Crouse, CEO of Viridi.
  • Retrofit construction of the Brunswick facility is expected to be complete by the second half of 2025, with full operations slated to commence in 2026.

Casella Waste Systems, Inc. to Present at Upcoming Investor Conferences

Retrieved on: 
Tuesday, February 27, 2024
Municipal solid waste, Recycling, Casella Waste Systems, Online shopping

RUTLAND, Vt., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced today that the company’s management will be participating at the following investor conferences:

Key Points: 
  • RUTLAND, Vt., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced today that the company’s management will be participating at the following investor conferences:
    A copy of the presentation material will be available before the Company presents and may be accessed in the “Events & Presentations” section of the company’s investor website at http://ir.casella.com .
  • Where applicable, a live webcast link will be posted on the company’s investor website.
  • For further information, contact Charlie Wohlhuter, Director of Investor Relations at (802) 772-2230, or visit the company’s website at http://www.casella.com .

Casella Waste Systems, Inc. Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Fiscal Year 2024 Guidance

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Collection, Net, Investment, Growth, Municipal solid waste, Capital expenditure, GAAP, Webcast, Depreciation, Casella Waste Systems, Three Months, National accounts, Recycling, Mid-Atlantic (United States), Fiscal

The Company also provided guidance for the fiscal year ending December 31, 2024 ("fiscal year 2024").

Key Points: 
  • The Company also provided guidance for the fiscal year ending December 31, 2024 ("fiscal year 2024").
  • Revenues were $1.265 billion for the fiscal year ended December 31, 2023 ("fiscal year 2023"), up $179.5 million, or up 16.5%, from the fiscal year ended December 31, 2022 ("fiscal year 2022").
  • Net income was $25.4 million for fiscal year 2023, as compared to net income of $53.1 million in fiscal year 2022.
  • Adjusted EBITDA was $294.6 million for fiscal year 2023, up $49.4 million, or up 20.1%, from fiscal year 2022.

Waga Energy: Strategy update

Retrieved on: 
Thursday, February 8, 2024
Policy, Balance of plant, Growth, ESG, CSR, Greenhouse, Paulo, Social, Internal rate of return, RNG, Casella Waste Systems, Climate change, Capital market, Natural gas, IPO, Investment, Executive Committee, Euronext Paris, Climate, CO2, IRR, Methane, Culture, EPA, Renewable natural gas, British thermal unit, Renewable energy

Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (RNG) from landfills, today holds a Capital Markets Day with the management team presenting the Group's strategic ambitions out to 2024-2026.

Key Points: 
  • Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (RNG) from landfills, today holds a Capital Markets Day with the management team presenting the Group's strategic ambitions out to 2024-2026.
  • Mathieu Lefebvre, Guénaël Prince and Nicolas Paget, co-founders of Waga Energy, commented: "Since its founding, Waga Energy has committed to the fight against climate change, developing and providing its partners with innovative industrial solutions that focus on the recovery and upgrading of landfill gas.
  • Waga Energy is now stepping up its international industrial, commercial and operational development on a global scale.
  • Waga Energy has developed a complete range of units that can be deployed in most landfills in a standardized, modular way.

Casella Waste Systems, Inc. to Host Conference Call on Its Fourth Quarter 2023 Results

Retrieved on: 
Monday, February 5, 2024
Casella Waste Systems, Webcast, Recycling, Municipal solid waste

The company will host a conference call to discuss these results on Friday, February 16, 2024, at 10:00 a.m. Eastern Time.

Key Points: 
  • The company will host a conference call to discuss these results on Friday, February 16, 2024, at 10:00 a.m. Eastern Time.
  • Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details.
  • A replay of the call will be available on the company’s website and accessible using the same link.
  • For further information, contact Charlie Wohlhuter, Director of Investor Relations at (802) 772-2230, or visit the company’s website at http://www.casella.com .

New Hampshire Supreme Court Decision Upholds Stage VI Permit Issuance

Retrieved on: 
Friday, December 29, 2023
Council, NCES, State, New Hampshire Supreme Court, Recycling, Municipal solid waste, C&D, Casella Waste Systems, Ecosystem, MWS, CLF, Conservation Law Foundation, Waste management, Risk management

RUTLAND, Vt., Dec. 29, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST) (“Casella”), a regional solid waste, recycling, and resource management services company, announced today that the New Hampshire Supreme Court (the “Court”) concluded that the New Hampshire Department of Environmental Services (“NHDES”) acted lawfully in issuing a permit for the Stage VI expansion at the North Country Environmental Services, Inc. (“NCES”) Landfill in Bethlehem, New Hampshire.

Key Points: 
  • RUTLAND, Vt., Dec. 29, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST) (“Casella”), a regional solid waste, recycling, and resource management services company, announced today that the New Hampshire Supreme Court (the “Court”) concluded that the New Hampshire Department of Environmental Services (“NHDES”) acted lawfully in issuing a permit for the Stage VI expansion at the North Country Environmental Services, Inc. (“NCES”) Landfill in Bethlehem, New Hampshire.
  • The Court’s decision reversed a previous ruling by the New Hampshire Waste Management Council (the “Council”), after the Conservation Law Foundation (“CLF”) appealed the permit issuance.
  • The Court’s decision held that the Council erred in its interpretation of New Hampshire’s public benefit statute and that the determination that the Stage VI expansion did in fact satisfy a capacity need was lawful and correct.
  • “We are pleased that the decision of the court removes the uncertainty for our New Hampshire customers caused by the Council’s decision,” said John W. Casella, Chairman and Chief Executive Officer of Casella.

Casella Waste Systems, Inc. Announces Diesel Technician Training Program

Retrieved on: 
Wednesday, December 6, 2023
Workforce, Culture, College of St. Joseph, CDL, Commercial, Student, Casella Waste Systems, College, Growth, Employment, Home Office

RUTLAND, Vt., Dec. 06, 2023 (GLOBE NEWSWIRE) -- To support its continued growth and support the regional labor force, Casella Waste Systems, Inc. (Casella) announced the addition of a Diesel Technician Training program to complement its flourishing Commercial Driver’s License (CDL) Training School, with its inaugural class already completing its first session.

Key Points: 
  • RUTLAND, Vt., Dec. 06, 2023 (GLOBE NEWSWIRE) -- To support its continued growth and support the regional labor force, Casella Waste Systems, Inc. (Casella) announced the addition of a Diesel Technician Training program to complement its flourishing Commercial Driver’s License (CDL) Training School, with its inaugural class already completing its first session.
  • “Three years ago, we launched our CDL school with a long-term vision of building out this next phase of training to support our continued growth and needs from a technician standpoint,” said John W. Casella, Chairman and Chief Executive Officer of Casella.
  • “Many of our leaders throughout the company began their careers on the frontlines of our business,” Casella said.
  • According to Casella, this is essential to ensuring that the Company’s continued growth is on a sustainable path.

Casella Waste Systems, Inc. Announces Third Quarter 2023 Results and Updates Fiscal Year 2023 Guidance

Retrieved on: 
Wednesday, November 1, 2023
Twin Bridges, GFL, United States v. Darby Lumber Co., Fiscal, EBITDA, GAAP, Acquisition, Municipal solid waste, Casella Waste Systems, Growth, Home After Three Months Away, Webcast, FLSA, Recycling, Weakness, Depreciation, Net, Collection, Investment, Casella, Fair Labor Standards Act of 1938, Mid-Atlantic (United States), Management, Rare-earth element, Video game, Real estate, Security (finance), Bank, Adjustment, Solid, Center for Resource Solutions

The Company raised its revenue, Adjusted EBITDA, and Adjusted Free Cash Flow guidance ranges, updated its net income guidance range and reaffirmed its net cash provided by operating activities guidance range for the fiscal year ending December 31, 2023 ("fiscal year 2023").

Key Points: 
  • The Company raised its revenue, Adjusted EBITDA, and Adjusted Free Cash Flow guidance ranges, updated its net income guidance range and reaffirmed its net cash provided by operating activities guidance range for the fiscal year ending December 31, 2023 ("fiscal year 2023").
  • The Company closed three acquisitions during the quarter, including the acquisition of Consolidated Waste Services, LLC and its affiliates (dba “Twin Bridges”) on September 1, 2023.
  • The Company raised guidance for fiscal year 2023 by estimating results in the following ranges:
    The Company reaffirmed certain guidance for fiscal year 2023 by estimating results in the following range:
    Net cash provided by operating activities between $231 million and $237 million.
  • The Company will host a conference call to discuss these results on Thursday, November 2, 2023 at 10:00 a.m. Eastern Time.