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Casella Waste Systems (CWST)
NASDAQ:CWST
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.13Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 4.62%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects strong revenue and adjusted EBITDA growth driven by successful acquisitions and strategic pricing. However, challenges such as declining landfill volumes, unexpected insurance costs, and integration issues in the Mid-Atlantic region presented headwinds. The sentiment is balanced due to both significant achievements and substantial challenges.Company Guidance
In the third quarter of 2024, Casella Waste Systems reported revenue exceeding $400 million and adjusted EBITDA surpassing $100 million for the first time in a quarter. The company completed its sixth acquisition of the year and noted strong performance in its Resource Solutions segment, with adjusted EBITDA margins up 90 basis points year-over-year. Collection operations also showed improvement, with adjusted EBITDA margins up 130 basis points on a same-store basis. Although landfill volumes were down, the average price per ton increased over 7% year-over-year. Looking ahead, the company anticipates 12% to 15% growth in adjusted EBITDA for 2025, driven by factors such as improved landfill volumes and the completion of facility upgrades.Record Revenue and Adjusted EBITDA
Revenue reached over $400 million with adjusted EBITDA surpassing $100 million for the first time in a quarter.
Successful Acquisitions
Completed the sixth acquisition of the year with Royal, contributing to significant growth and integration is proceeding well.
Strong Price Growth in Collection and Landfill
Collection price increased by 6.1% and landfill price growth was 4.6% year-over-year.
Resource Solutions Performance
Resource Solutions segment showed strong adjusted EBITDA growth with margins up by 90 basis points year-over-year.
Positive Outlook for 2025
Projected growth in adjusted EBITDA and free cash flow by 12% to 15%, with significant acquisition rollover impact expected.
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CWST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $101.29 | $97.88 | -3.37% |
| Aug 01, 2024 | $102.29 | $105.46 | +3.10% |
| Apr 25, 2024 | $94.32 | $90.06 | -4.52% |
| Feb 15, 2024 | $92.80 | $91.83 | -1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Casella Waste Systems (CWST) report earnings?
Casella Waste Systems (CWST) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Casella Waste Systems (CWST) earnings time?
Casella Waste Systems (CWST) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWST EPS forecast?
CWST EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
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