The earnings call reflected a strong financial performance, highlighted by significant revenue growth, successful acquisitions, and improved landfill volumes. However, challenges in the Mid-Atlantic region, declining recycling commodity prices, and labor cost pressures were notable concerns. Despite these issues, the overall outlook remains positive with raised revenue guidance.

Company Guidance

During the Casella Waste Systems Q2 2025 Conference Call, the company reported robust financial performance, highlighted by a 23.4% year-over-year increase in revenues to $465.3 million, driven by $67.1 million from acquisitions and 5.6% organic growth. Adjusted EBITDA rose by 19.5% to $109.5 million, with a margin of 23.5%. Despite challenges in the Mid-Atlantic region, where integration and system conversion delays impacted margins, the company reaffirmed its full-year adjusted EBITDA and cash flow guidance. Solid waste pricing improved by 5% year-over-year, while landfill volumes increased by 9.5%, supported by higher internalization and construction and demolition waste. Casella completed six acquisitions year-to-date, with plans to acquire Mountain State Waste, adding an expected $30 million in annualized revenues. The company expects continued growth and synergy realization, particularly with a robust M&A pipeline and strong balance sheet positioning.

Strong Revenue Growth

Revenues in the second quarter were $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 or 5.6%.

Successful Acquisitions

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

Positive Financial Metrics

Achieved record first half adjusted free cash flow over $70 million, more than $30 million above the same period last year. Adjusted EBITDA was $109.5 million, up 19.5% year-over-year.

Landfill Volume Increase

Landfill volumes were up 9.5% year-over-year, with increased internalization driving a 13% increase.

Raised Revenue Guidance

Raised full-year revenue guidance reflecting continued strength in core pricing and acquisition activity.

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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