secwatch.observer — SEC 8-K summary
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Issuer:     CASELLA WASTE SYSTEMS INC (CWST)
CIK:        0000911177
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000911177-23-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911177/000091117723000057/0000911177-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911177/000091117723000057/cwst-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000911177-23-000057

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