Casella Waste posts Q1 loss of $4.1M; revenue up 30% to $341M

CASELLA WASTE SYSTEMS INC

2024-Q1 EPS reported -$0.07 revenue$341,008,000

Revenue $341.0M (+29.9% YoY); net loss $(4.1)M vs net income $3.5M a year ago.
Adjusted EBITDA $71.0M (+40.2% YoY); solid waste pricing up 5.5% overall.
Collection price growth 6.2%; disposal price growth 4.0%; landfill price/ton +13.3%.
FY2024 guidance reaffirmed: revenue $1.48-1.51B, Adj. EBITDA $350-360M.
Net cash from operations $7.7M; Adjusted Free Cash Flow $(2.4)M for Q1.

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 three-month period ended March 31, 2024 results: revenue $341.0 million, net income $(4.1) million, EPS $(0.07) per diluted common share. Guidance reaffirmed.

Period: three-month period ended March 31, 2024
Revenue: $341.0 million
Net income: $(4.1) 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, 2024. Highlights for the Three Months Ended March 31, 2024: • Revenues were $341.0 million for the quarter, up $78.4 million, or up 29.9%, from the same period in 2023. • Overall solid waste pricing was up 5.5% from the same period in 2023, driven by 6.2% collection

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Source: SEC EDGAR

accession 0000911177-24-000049

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