Casella Waste Q3 revenue up 19.5% to $352.7M; raises FY2023 EBITDA, FCF guidance

CASELLA WASTE SYSTEMS INC

2023-Q3 EPS reported $0.50 revenue$904,975,000

Revenue $352.7M (+19.5% YoY); net income $18.2M (-19.8%) due to acquisition costs and higher D&A.
Adjusted EBITDA $89.6M (+19.4%); FY2023 guidance raised to $292-298M from $289-295M.
Closed three acquisitions in Q3 including Twin Bridges; integration ongoing for ~1,000 new team members.
Solid waste pricing up 6.9% (collection +7.6%, disposal +5.9%); special waste weak in Sep, improved Oct.
FY2023 net income guidance lowered to $33-39M from $41-47M on $11M more D&A and higher interest expense.

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 0.95

CASELLA WASTE SYSTEMS INC reported third quarter ended September 30, 2023 results: revenue $352.7 million, net income $18.2 million, EPS $0.31 per diluted common share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $352.7 million
Net income: $18.2 million
EPS: $0.31 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the quarter, revenues were $352.7 million, up $57.5 million, or up 19.5%, from the same period in 2022

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Source: SEC EDGAR

accession 0000911177-23-000141

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