Casella Waste Q1 revenue up 12.2% to $262.6M; adjusted EBITDA up 11.2%; reaffirms FY guidance

CASELLA WASTE SYSTEMS INC

2023-Q1 EPS reported $0.07 revenue$262,595,000

Revenue $262.6M (+12.2% YoY); net income $3.5M ($0.07 diluted EPS) down 15.3% from prior year.
Adjusted EBITDA $50.7M (+11.2%); solid waste pricing up 8.8% (collection +8.9%, disposal +9.3%).
Closed acquisition of solid waste co. (~$12M annualized revenue) on Apr 3; signed GFL Environmental deal on Apr 21.
Reaffirmed FY2023 guidance: rev $1.150B-$1.180B; adj. EBITDA $266M-$272M; net income $56M-$62M.
Adjusted free cash flow $2.2M vs $16.3M in Q1 2022, decline due to working capital timing and higher capex.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CASELLA WASTE SYSTEMS INC reported first quarter ended March 31, 2023 results: revenue $262.6 million, net income $3.5 million, EPS $0.07 per diluted common share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $262.6 million
Net income: $3.5 million
EPS: $0.07 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

services company, today reported its financial results for the three month period ended March 31, 2023. Highlights for the Three Months Ended March 31, 2023: • Revenues were $262.6 million for the quarter, up $28.6 million, or up 12.2%, from the same period in 2022. • Overall solid waste pricing for the quarter was up 8.8% from the same period in 2022, driven by

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Source: SEC EDGAR

accession 0000911177-23-000057

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