Casella Q3 2024 Earnings Report
Key Takeaways
Casella Waste Systems reported a revenue increase of 16.7% to $411.6 million in Q3 2024. Net income decreased by 68.2% to $5.8 million, while adjusted EBITDA increased by 14.9% to $102.9 million. The company reaffirmed its fiscal year 2024 revenue guidance between $1.520 billion and $1.550 billion.
Revenues increased by 16.7% to $411.6 million compared to the same period in 2023.
Solid waste pricing increased by 5.5%, driven by a 6.1% increase in collection pricing.
Net income decreased by 68.2% to $5.8 million compared to the same period in 2023.
Adjusted EBITDA increased by 14.9% to $102.9 million compared to the same period in 2023.
Casella
Casella
Casella Revenue by Segment
Forward Guidance
The Company reaffirmed guidance for the fiscal year ending December 31, 2024 by estimating revenues between $1.520 billion and $1.550 billion, Adjusted EBITDA between $360 million and $370 million, Net cash provided by operating activities between $245 million and $255 million, and Adjusted Free Cash Flow between $140 million and $150 million. The Company revised guidance for fiscal year 2024 by estimating net income between $10 million and $20 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income