Casella Waste Systems ( (CWST) ) has released its Q4 earnings. Here is a breakdown of the information Casella Waste Systems presented to its investors.
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Casella Waste Systems, Inc., headquartered in Rutland, Vermont, is a regional company specializing in solid waste, recycling, and resource management services primarily across the eastern United States.
Casella Waste Systems reported a substantial increase in revenues for the fourth quarter and fiscal year 2024, with a notable rise in both Adjusted EBITDA and Adjusted Free Cash Flow, reflecting strong performance and strategic growth initiatives.
The company achieved revenue growth of 18.9% for the fourth quarter and 23.1% for the entire fiscal year 2024. Key drivers included price growth in solid waste collection and disposal, strategic acquisitions, and higher recycling commodity volumes. Despite a decrease in net income for the fiscal year, Adjusted Net Income showed an 8.7% increase. Additionally, Casella Waste Systems expanded its operations by acquiring eight businesses in 2024, contributing significantly to its revenue stream.
Looking forward, Casella Waste Systems has set a positive outlook for fiscal year 2025, anticipating revenues between $1.775 billion and $1.805 billion and significant growth in Adjusted EBITDA. The company aims to continue its expansion through acquisitions and operational efficiencies, celebrating its fiftieth anniversary with a focus on future growth opportunities.
Casella’s management remains optimistic about overcoming market pressures and achieving further growth, as evidenced by their strategic acquisitions and operational enhancements, positioning the company for continued success in the waste management sector.
