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Mar 31, 2023
Casella Q1 2023 Earnings Report
Casella's first quarter financial results reflected strong solid waste performance driven by operating and pricing program execution.
Key Takeaways
Casella Waste Systems reported a 12.2% increase in revenue for Q1 2023, driven by solid waste operations, particularly pricing and volume growth. Net income decreased by 15.3% compared to the same period last year, while Adjusted EBITDA increased by 11.2%. The company reaffirmed its full-year guidance.
Revenues increased by 12.2% to $262.6 million.
Overall solid waste pricing increased by 8.8%.
Net income decreased by 15.3% to $3.5 million.
Adjusted EBITDA increased by 11.2% to $50.7 million.
Casella
Casella
Casella Revenue by Segment
Revenue by Segment
Collection Revenue
CapyFin.comDisposal Revenue
CapyFin.comSolid Waste Processing Revenue
CapyFin.com Forward Guidance
Casella reaffirmed its revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow guidance ranges for the fiscal year ending December 31, 2023. This guidance does not include contribution from our pending acquisition of select operations from GFL Environmental Inc.
Positive Outlook
- Revenues between $1.150 billion and $1.180 billion
- Net income between $56 million and $62 million
- Adjusted EBITDA between $266 million and $272 million
- Net cash provided by operating activities between $227 million and $233 million
- Adjusted Free Cash Flow between $119 million and $125 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income