earnings
confidence high
sentiment positive
materiality 0.75
Casella Waste Q2 revenue +30% to $377M; raises FY revenue/Adjusted EBITDA guidance; acquires two Mid-Atlantic firms
CASELLA WASTE SYSTEMS INC
2024-Q2 EPS reported
$0.05
revenue$718,170,000
- Q2 revenue $377.2M (+30.2% YoY); net income $7.0M ($0.12 EPS); Adjusted EBITDA $91.6M (+26.9% YoY).
- Raised FY2024 revenue guidance to $1.520B-$1.550B; Adjusted EBITDA to $360M-$370M.
- Lowered FY2024 net income guidance to $15M-$25M; net cash from ops to $245M-$255M.
- Acquired LMR Disposal (closed Jul 1) and Whitetail Disposal (closed Aug 1); combined annualized revenues >$100M expanding Mid-Atlantic footprint.