Casella Waste Systems ( (CWST) ) has released its Q2 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 company that provides solid waste, recycling, and resource management services across the eastern United States, catering to a diverse clientele including residential, commercial, and industrial sectors.
In its latest earnings report for the second quarter of 2025, Casella Waste Systems reported significant revenue growth, driven by strategic acquisitions and organic growth in its core operations. Despite a decline in net income, the company saw an increase in adjusted EBITDA and free cash flow, highlighting its operational strength.
Key financial metrics for the quarter include a 23.4% increase in revenues to $465.3 million, driven by acquisitions and price growth in waste collection and disposal. Adjusted EBITDA rose by 19.5% to $109.5 million, while adjusted free cash flow increased by $31.3 million year-to-date. The company completed six acquisitions, adding $90 million in annualized revenue, with plans to expand further through the acquisition of Mountain State Waste.
Despite a decrease in net income by 25.7% to $5.2 million, primarily due to higher depreciation and amortization expenses, the company remains optimistic about future margin expansion opportunities from recent acquisitions. Casella’s management has raised its revenue guidance for the fiscal year 2025, reflecting confidence in continued growth and acquisition integration.
Looking ahead, Casella Waste Systems is poised for further expansion and financial growth, with management focusing on enhancing operational efficiencies and integrating new acquisitions to drive future profitability.