The earnings call reflects a strong quarter for Casella Waste Systems with record revenue growth and successful acquisition strategies. However, challenges in the Mid-Atlantic region and pressures from labor costs and lower commodity prices present significant hurdles.

Company Guidance -

Q3 2025

During the Casella Waste Systems Q2 2025 conference call, the company reported significant growth in financial metrics and provided updated guidance for the year. Casella achieved a record first-half adjusted free cash flow exceeding $70 million, up over $30 million from the previous year. The company's revenue for the second quarter was $465.3 million, marking a 23.4% increase year-over-year, driven by $67.1 million from acquisitions and 5.6% from organic growth. Adjusted EBITDA reached $109.5 million, a 19.5% increase, although the adjusted EBITDA margin slightly decreased by 75 basis points to 23.5% due to lower initial margins from acquisitions. The company raised its full-year revenue guidance to a midpoint of $1.83 billion, reflecting strong pricing and acquisition activity, while reaffirming adjusted EBITDA and adjusted free cash flow guidance. Casella completed six acquisitions year-to-date, contributing to its growth strategy, and anticipates further expansion with the pending acquisition of Mountain State Waste, adding another $30 million in annualized revenues.

Record Revenue and Growth in Q2 2025

Casella Waste Systems reported Q2 2025 revenues of $465.3 million, up $88.2 million or 23.4% year-over-year, with $67.1 million from acquisitions and $21 million from organic growth.

Strong Performance in Solid Waste and Resource Solutions

Solid waste revenues increased by 27.1% year-over-year, with price up 5% and Resource Solutions revenues up 10.2% year-over-year.

Successful Acquisitions and Expansion

Completed 6 acquisitions year-to-date, representing significant annualized revenues, and announced the pending acquisition of Mountain State Waste, which adds $30 million in annualized revenues.

Increased Full Year Revenue Guidance

Raised full year revenue guidance due to continued strength in core pricing and acquisition activity.

Strong Cash Flow and Liquidity Position

Year-to-date, achieved record first half adjusted free cash flow over $70 million and maintained strong liquidity with a $700 million revolver undrawn.

Casella Waste (CWST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CWST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.32 / -	0.27	―	―	―
Jul 31, 2025	2025 (Q2)	0.33 / 0.36	0.22	63.64% (+0.14)	―
May 01, 2025	2025 (Q1)	0.04 / 0.19	-0.01	2000.00% (+0.20)	―
Feb 12, 2025	2024 (Q4)	0.16 / 0.41	0.13	215.38% (+0.28)	―
Oct 30, 2024	2024 (Q3)	0.27 / 0.27	0.35	-22.86% (-0.08)	―
Aug 01, 2024	2024 (Q2)	0.28 / 0.22	0.36	-38.89% (-0.14)	―
Apr 25, 2024	2024 (Q1)	-0.02 / -0.01	0.1	-110.00% (-0.11)	―
Feb 15, 2024	2023 (Q4)	0.16 / 0.13	0.18	-27.78% (-0.05)	―
Nov 01, 2023	2023 (Q3)	0.39 / 0.35	0.45	-22.22% (-0.10)
Jul 27, 2023	2023 (Q2)	0.37 / 0.36	0.36	0.00% (0.00)	―

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

CWST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$108.73	$102.98	-5.29%
May 01, 2025	$117.33	$116.75	-0.49%
Feb 12, 2025	$106.71	$106.77	+0.06%
Oct 30, 2024	$101.29	$97.88	-3.37%

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.

FAQ

When does Casella Waste Systems (CWST) report earnings?

Casella Waste Systems (CWST) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Casella Waste Systems (CWST) earnings time?

Casella Waste Systems (CWST) earnings time is at Oct 23, 2025, After Close (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 2025 (Q3) is 0.32.

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