Casella Waste Systems ( (CWST) ) has released its Q1 earnings. Here is a breakdown of the information Casella Waste Systems presented to its investors.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont, operates in the solid waste, recycling, and resource management services sector, providing services to residential, commercial, municipal, institutional, and industrial customers across the eastern United States.
In its first quarter of 2025, Casella Waste Systems reported a significant increase in revenues, reaching $417.1 million, marking a 22.3% rise from the previous year. Despite this revenue growth, the company experienced a net loss of $4.8 million, slightly higher than the $4.1 million loss in the same quarter of 2024.
Key financial highlights include a 21.7% increase in Adjusted EBITDA to $86.4 million, and a substantial rise in net cash provided by operating activities, which reached $50.1 million. The company also completed four acquisitions, contributing approximately $50 million in annualized revenue, which played a crucial role in driving revenue growth.
Looking ahead, Casella Waste Systems remains optimistic about its performance for the rest of the year, maintaining its guidance for 2025. The company anticipates revenues between $1.775 billion and $1.805 billion, with net income projected to range from $10 million to $25 million. Management emphasizes a cautious approach due to economic uncertainties but remains focused on strategic acquisitions and operational efficiencies to drive future growth.