Loading...
•
Mar 31, 2020
Casella Q1 2020 Earnings Report
Casella Waste Systems, Inc. announced first quarter results and withdrew fiscal year 2020 guidance due to COVID-19 uncertainties.
Key Takeaways
Casella Waste Systems reported an 11.8% increase in revenues for Q1 2020, reaching $182.9 million, driven by solid waste pricing and acquisitions. Net income rose to $1.0 million, and Adjusted EBITDA increased by 25.9% to $33.5 million. The company withdrew its fiscal year 2020 guidance due to the uncertainty caused by the COVID-19 pandemic.
Revenues increased by 11.8% to $182.9 million compared to the same period in 2019.
Overall solid waste pricing increased by 5.8%, with collection pricing up 5.2% and disposal pricing up 7.7%.
Net income was $1.0 million, an increase of $2.7 million from the same period in 2019.
The company acquired four businesses with approximately $13 million of annualized revenues in 2020.
Revenue by Segment
Forward Guidance
Casella Waste Systems withdrew its financial guidance for the fiscal year ending December 31, 2020, due to the uncertainty of the impacts of the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...