Casella Waste Q2 revenue up 2.1% to $289.6M, Adjusted EBITDA up 5.5%; raises FY guidance

CASELLA WASTE SYSTEMS INC

2023-Q2 EPS reported $0.17 revenue$552,241,000

Net income of $5.5M ($0.10 EPS) down 69% YoY, hit by $6.2M legal settlement and $8.2M bridge loan termination loss.
Adjusted Net Income of $18.8M ($0.36 adjusted EPS) up 1.3% YoY; Adjusted EBITDA $72.2M up 5.5%.
Closed acquisition of select GFL operations on June 30, expanding into Mid-Atlantic; pending Twin Bridges acquisition.
FY 2023 revenue guidance raised to $1.240-$1.265B; Adjusted EBITDA guidance raised to $289-$295M.
Net income guidance lowered to $41-$47M from $56-$62M due to one-time costs; Adjusted Free Cash Flow raised to $123-$129M.

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