Casella Q4 2024 Earnings Report

Key Takeaways

Casella Waste Systems reported strong Q4 2024 performance with an 18.90% YoY revenue increase, primarily driven by acquisitions and pricing improvements. Adjusted EPS rose 41.38%, while operating margin expanded by 0.60 percentage points.

Total Revenue

$427M

Previous year: $360M

+18.9%

EPS

$0.41

Previous year: $0.13

+215.4%

Solid Waste Price Growth

5.4%

Previous year: 5.7%

-5.3%

Solid Waste Volume Growth

-1.4%

Previous year: -0.7%

+100.0%

Cash and Equivalents

$383M

Previous year: $221M

+73.5%

Free Cash Flow

$59.6M

Previous year: $10.7M

+455.3%

Total Assets

$3.23B

Previous year: $2.54B

+27.4%

Casella Revenue

Casella EPS

Casella Revenue by Segment

Forward Guidance

Casella projects continued revenue and earnings growth in FY 2025, supported by acquisitions, price increases, and operational efficiencies. The company aims to expand landfill volumes as market conditions improve.

Positive Outlook

Revenue expected to grow 14% YoY at midpoint
Adjusted EBITDA projected between $410M and $425M
Continued acquisition strategy with strong integration plans
Landfill volume expected to recover in 2025
Focus on operational efficiencies and pricing discipline

Challenges Ahead

Higher interest expenses impacting net income
Weakness in C&D and special waste volumes at landfills
Higher amortization expense from acquisitions
Potential regulatory challenges in waste management
Market softness in some disposal segments could persist