Casella Waste Systems (CWST)
NASDAQ:CWST
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial performance: strong revenue and adjusted EBITDA growth, margin expansion in the base business, effective fuel recovery and cost programs, active M&A adding scale, safety and technology investments, and constructive permitting and rail-transfer progress. Headwinds included transient volume softness (weather-driven), meaningful pressure in recycled commodity pricing (though largely contract-mitigated), initial margin dilution from acquisitions and some near-term uncertainty around RNG monetization and base-business guidance updates. Overall, the company positioned itself as executing well operationally while remaining cautious about some cyclical and integration-related risks.Company Guidance
Revenue Growth
Total revenue of $457.3M in Q1 2026, up 9.6% year-over-year (+$40.2M), driven by acquisitions ($23.9M) and same-store growth ($16.2M, 3.9%). Company raised 2026 revenue guidance to $2.06B–$2.08B (+$90M).
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA of $97.1M, up 12.3% YoY (+$10.7M). Adjusted EBITDA margin expanded to 21.2%, a ~50 basis-point increase year-over-year; base (same-store) business margin expansion of ~65 basis points.
Pricing Strength in Solid Waste
Solid waste pricing up 5.1% overall: collection +5.3% (roll-off +6.5%, front-load commercial +6.0%) and disposal +4.7%; third-party landfill pricing +4.3%. Guidance assumes ~5% solid waste pricing growth in 2026.
Acquisition-Fueled Growth and Active M&A
Four acquisitions completed in 2026 to date representing ~ $150M of annualized revenues, including Star Waste (~$100M). Pro forma leverage for April 1 closings ~2.75x; $500M of available liquidity to pursue further tuck-ins.
Cash Flow and Operating Cash Strength
Net cash provided by operating activities $62.3M, up 24% YoY. Adjusted free cash flow $30.7M, up 5% YoY. Full-year adjusted free cash flow guidance increased to $200M–$210M (+$5M).
Cost Recovery and Operational Controls
Fuel recovery program effectively offset rising diesel costs in the quarter with minimal lag. Company on track to cut $5M of operating costs in 2026 and an additional $10M over the next two years; $15M targeted G&A savings over three years.
Safety and Technology Investments
TRIR (OSHA metric) improved 20% YoY. Company expanded Triage programs and deployed Lytx in-cab AI across fleet. Launched new customer payment portal and plans Casella app rollout in Q2 to improve customer experience and e-commerce.
Asset and Permitting Progress
McKean rail transfer station completed to accept gondolas/intermodal; Hakes permit expected Q3 2026 and Hyland permit expected Q1 2027 (Hyland expansion planned from 460k to 1.0M annual tons and +60 years capacity).
CWST Earnings History
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 |
|---|---|---|---|
Apr 30, 2026 | $79.25 | $86.83 | +9.56% |
Feb 19, 2026 | $101.28 | $95.46 | -5.75% |
Oct 30, 2025 | $82.84 | $88.57 | +6.92% |
Jul 31, 2025 | $108.73 | $102.98 | -5.29% |
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 Jul 23, 2026, After Close (Confirmed).
What is Casella Waste Systems (CWST) earnings time?
Casella Waste Systems (CWST) earnings time is at Jul 23, 2026, 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 2026 (Q2) is 0.36.