secwatch.observer — SEC 8-K summary
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Issuer:     CASELLA WASTE SYSTEMS INC (CWST)
CIK:        0000911177
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000911177-23-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911177/000091117723000090/0000911177-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911177/000091117723000090/cwst-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000911177-23-000090

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