Inferra AI / Company / CWST
Casella Waste Systems Inc.
CWST · Utilities
Last earnings Aug 6, 2026
Key results
Revenuequarter
$465.3 million
Key Highlights Revenues were $465.3 million for the quarter, up $88.2 million, or up 23.4%, from the same period in 2024.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Growthquarter
up $88.2 million
Key Highlights Revenues were $465.3 million for the quarter, up $88.2 million, or up 23.4%, from the same period in 2024.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Net incomequarter
$5.2 million
Net income was $5.2 million for the quarter, down $(1.8) million, or down (25.7)%, as compared to $7.0 million for the same period in 2024.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Growthytd
up $31.3 million
Adjusted Free Cash Flow, a non-GAAP measure, was $70.8 million for the year-to-date period, up $31.3 million from the same period in 2024.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
We delivered strong growth again in the second quarter across our key financial metrics, as we continue to execute on our operating plans and acquisition strategy, including six acquisitions completed in the first half of this year with over $90 million in annualized revenue, said John W.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Revenues were $465.3 million for the quarter, up $88.2 million, or up 23.4%, from the same period in 2024, with revenue growth mainly driven by the rollover impact from acquisitions
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Operating incomequarter
$19.3 million
Operating income was $19.3 million for the quarter, down $(3.7) million, or down (16.3)%, from the same period in 2024, primarily impacted by higher depreciation and amortization expense related to acquisition growth.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Net income was $5.2 million for the quarter, down $(1.8) million, or down (25.7)%, from the same period in 2024, largely driven by the factors impacting operating income.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Adjusted net incomequarter
$23.0 million
Adjusted Net Income was $23.0 million for the quarter, up $1.3 million, or up 5.9% from the same period in 2024.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
AI analysis
Q2 2025 · reported Jul 31, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Jul 31, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $465.3 million | — | — |
| Growth | up $88.2 million | — | — |
| Net income | $5.2 million | — | $7.0 million |
| Operating income | $19.3 million | — | — |
| Adjusted net income | $23.0 million | — | — |
Guidance · company-stated
Direction: Raised
“The Company updated guidance for the fiscal year ending December 31, 2025 ( fiscal year 2025 ) by estimating results in the following range Revenues between $1.820 billion and $1.840 billion (raised from a range of $1.775 billion to $1.805 billion) Net income between $8 million and $18 million (revised from a range of $10 million to $25 million) Net cash provided by operating activities between $325 million and $335 million (revised from a range of $320 million to $335 million) and Adjusted Free Cash Flow between $170 million and $180 million (revised from a range of $165 million to $180 million).”
“The Company reaffirmed guidance for fiscal year 2025 by estimating results in the following range Adjusted EBITDA between $410 million and $425 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
(iii) Acquisition capital expenditures are acquisition-related capital expenditures that are necessary to transition and upgrade acquired assets to Company operating standards and to achieve strategic synergies associated with integrating newly acquired operations, which can be considered, together with acquisition purchase price, as part of the initial overall investment in an acquired business.
(iv) McKean Landfill rail capital expenditures are long-term infrastructure capital expenditures related to rail side development at the Company's landfill in Mount Jewett, PA ( McKean Landfill ), which is different from the landfill construction investments in the normal course of operations.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +291.1% computed from stated figures
Event summary
ANNOUNCES SECOND QUARTER 2025 RESULTS RUTLAND
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “The Company updated guidance for the fiscal year ending December 31, 2025 ( fiscal year 2025 ) by estimating results in the following range Revenues between $1.820 billion and $1.840 billion (raised from a range of $1.775 billion to $1.805 billion) Net income between $8 million and $18 million (revised from a range of $10 million to $25 million) Net cash provided by operating activities between $325 million and $335 million (revised from a range of $320 million to $335 million) and Adjusted Free Cash Flow between $170 million and $180 million (revised from a range of $165 million to $180 million).”
Company outlook: “The Company reaffirmed guidance for fiscal year 2025 by estimating results in the following range Adjusted EBITDA between $410 million and $425 million.”
Revenue — Raised (“increasing”)
“Fiscal Year 2025 Outlook We are increasing revenue guidance, reflecting our acquisition activity in the first half raising the bottom end of the range for Adjusted Free Cash Flow, reflecting strong cash flow performance in the first half and our increased confidence in the second half and reaffirming our guidance range for Adjusted EBITDA, as the contribution from additional acquisitions to date have not moved us outside of our original guidance range, Casella said.”
Revenue — Raised (“raised”)
“The Company updated guidance for the fiscal year ending December 31, 2025 ( fiscal year 2025 ) by estimating results in the following range Revenues between $1.820 billion and $1.840 billion (raised from a range of $1.775 billion to $1.805 billion) Net income between $8 million and $18 million (revised from a range of $10 million to $25 million) Net cash provided by operating activities between $325 million and $335 million (revised from a range of $320 million to $335 million) and Adjusted Free Cash Flow between $170 million and $180 million (revised from a range of $165 million to $180 million).”
Company outlook — Reiterated (“reaffirmed”)
“The Company reaffirmed guidance for fiscal year 2025 by estimating results in the following range Adjusted EBITDA between $410 million and $425 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
(iii) Acquisition capital expenditures are acquisition-related capital expenditures that are necessary to transition and upgrade acquired assets to Company operating standards and to achieve strategic synergies associated with integrating newly acquired operations, which can be considered, together with acquisition purchase price, as part of the initial overall investment in an acquired business.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
(iv) McKean Landfill rail capital expenditures are long-term infrastructure capital expenditures related to rail side development at the Company's landfill in Mount Jewett, PA ( McKean Landfill ), which is different from the landfill construction investments in the normal course of operations.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Growth capital expenditures are defined as costs related to development projects, organic business growth, and the integration of newly acquired operations.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Replacement capital expenditures are defined as landfill cell construction costs not related to expansion airspace, costs for normal permit renewals, replacement costs for equipment and other capital expenditures due to age or obsolescence, and capital items not otherwise defined as growth capital expenditures.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
BUSINESS COMBINATIONS In the six months ended June 30, 2026, we completed four acquisitions using cash on hand as well as borrowings under our revolving credit facility ( Revolving Credit Facility ).
SEC original ↗Casella Waste Systems Inc. — 10-Q Quarterly report10-QAug 7, 2026
OTHER ACCRUED LIABILITIES A summary of other accrued liabilities, classified as current liabilities follows: June 30, 2026 December 31, 2025 Accrued capital expenditures $ 17,126 $ 8,565 Other accrued liabilities 57,263 56,151 Total $ 74,389 $ 64,716 14 8.
SEC original ↗Casella Waste Systems Inc. — 10-Q Quarterly report10-QAug 7, 2026
Strategy & priorities
We delivered strong growth again in the second quarter across our key financial metrics, as we continue to execute on our operating plans and acquisition strategy, including six acquisitions completed in the first half of this year with over $90 million in annualized revenue, said John W.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
From a margin perspective, our recent acquisition activity, where we tend to acquire private businesses at initial Adjusted EBITDA margins below our consolidated levels, as well as the pace of synergy realization in the Mid-Atlantic, were a near-term headwind, but represent opportunities for margin expansion going forward.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Safe Harbor Statement Certain matters discussed in this press release, including, but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, our financial performance financial condition operations and services prospects growth strategies anticipated impacts from future or completed acquisitions and guidance for fiscal year 2025, are forward-looking statements intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Such risks and uncertainties include or relate to, among other things, the following the Company may be unable to adequately increase prices or drive operating efficiencies to adequately offset increased costs and inflationary pressures, including increased fuel prices, wages, and tariffs it is difficult to determine the timing or future impact of a sustained economic slowdown that could negatively affect our operations and financial results the increasing focus on per - and polyfluoroalkyl substances ( PFAS ) and other emerging contaminants, including the recent designation by the U.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Management uses non-GAAP liquidity measures to understand the Company s cash flow provided by operating activities after certain expenditures along with its consolidated net leverage and believes that these measures demonstrate the Company s ability to execute on its strategic initiatives.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Risks & headwinds
From a margin perspective, our recent acquisition activity, where we tend to acquire private businesses at initial Adjusted EBITDA margins below our consolidated levels, as well as the pace of synergy realization in the Mid-Atlantic, were a near-term headwind, but represent opportunities for margin expansion going forward.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Such forward-looking statements, and all phases of the Company's operations, involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in its forward-looking statements.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Such risks and uncertainties include or relate to, among other things, the following the Company may be unable to adequately increase prices or drive operating efficiencies to adequately offset increased costs and inflationary pressures, including increased fuel prices, wages, and tariffs it is difficult to determine the timing or future impact of a sustained economic slowdown that could negatively affect our operations and financial results the increasing focus on per - and polyfluoroalkyl substances ( PFAS ) and other emerging contaminants, including the recent designation by the U.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
There are a number of other important risks and uncertainties that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
These additional risks and uncertainties include, without limitation, those detailed in Item 1A.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
(v) FLSA legal settlement payment is the cash outlay of a legal settlement related to reaching an agreement in June 2023 with the collective class members of a class action lawsuit relating to certain claims under the Fair Labor Standards Act of 1938 ( FLSA ) as well as state wage and hours laws.
SEC original ↗Casella Waste Systems Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q3 2026
- 8-KCWST
- Q2 2026
- 10-QCWST
- 8-KCWST
- 8-K/ACWST
- 8-KCWST
- Q1 2026
- 8-KCWST
- 8-KCWST
- 8-KCWST
May 27, 2026
- 8-KCWST
May 11, 2026
- 10-QCWST
- 8-KCWST
Apr 30, 2026
- 8-KCWST
Apr 22, 2026
- Q4 2025
- 8-KCWST
Mar 10, 2026
- 10-KCWST
Feb 20, 2026
- 8-KCWST
Feb 19, 2026
- Q3 2025
- 10-QCWST
- 8-KCWST
Oct 30, 2025
- Q2 2025
- 8-KCWST
- 8-KCWST
Aug 28, 2025
- 8-KCWST
Aug 18, 2025
- 8-KCWST
- 8-KCWST
- 8-KCWST
- 10-QCWST
- 8-KCWST
Jul 31, 2025
- 8-KCWST
Jul 17, 2025
- Q1 2025
- 8-KCWST
- 10-QCWST
- 8-KCWST
- Q4 2024
- 8-KCWST
Mar 11, 2025
Earnings releases
6 documentsPresentations
0 documentsNo presentations for Casella Waste Systems Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Casella Waste Systems Inc. are held in this edition of the library.
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