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Mar 31, 2024
Casella Q1 2024 Earnings Report
Casella's first quarter results for 2024 were announced, demonstrating strong revenue growth and strategic execution.
Key Takeaways
Casella Waste Systems reported a strong start to 2024, with revenues up 29.9% year-over-year, driven by acquisitions, pricing strategies, and higher recycling commodity prices. While net loss was $(4.1) million, Adjusted EBITDA increased by 40.2%. The company reaffirmed its fiscal year 2024 guidance.
Revenues increased by 29.9% to $341.0 million compared to the same period in 2023.
Overall solid waste pricing increased by 5.5%, with collection price growth at 6.2% and disposal price growth at 4.0%.
Net loss was $(4.1) million, compared to net income of $3.5 million in the same period last year.
Adjusted EBITDA rose by 40.2% to $71.0 million.
Revenue by Segment
Forward Guidance
Casella Waste Systems reaffirmed its fiscal year 2024 guidance, estimating revenues between $1.480 billion and $1.510 billion, net income between $35 million and $45 million, Adjusted EBITDA between $350 million and $360 million, net cash provided by operating activities between $260 million and $270 million, and Adjusted Free Cash Flow between $140 million and $150 million.
Positive Outlook
- Revenues between $1.480 billion and $1.510 billion.
- Net income between $35 million and $45 million.
- Adjusted EBITDA between $350 million and $360 million.
- Net cash provided by operating activities between $260 million and $270 million.
- Adjusted Free Cash Flow between $140 million and $150 million.
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
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