earnings
confidence high
sentiment positive
materiality 0.80
Casella Waste Q4 revenue up 12.5% to $272.1M; FY 2023 revenue guidance $1.15-1.18B
CASELLA WASTE SYSTEMS INC
2022-FY EPS reported
$1.03
revenue$1,085,089,000
- Q4 net income $8.4M ($0.16 diluted EPS) vs $9.1M ($0.18) in Q4 2021; Adjusted EBITDA $56.2M (+9.3% YoY).
- FY 2022 revenues $1.085B (+22.0%), net income $53.1M (+29.1%), Adjusted EBITDA $245.2M (+20.5%).
- FY 2022 results exceeded initial guidance: revenues by $90.1M, Adjusted EBITDA by $13.2M, Adjusted Free Cash Flow by $3.2M.
- FY 2023 guidance: revenues $1.15-1.18B, net income $56-62M, Adjusted EBITDA $266-272M, Adjusted Free Cash Flow $119-125M.
- Solid waste pricing up 6.2% in Q4; acquired 14 businesses with ~$51M annualized revenues in FY 2022.