earnings
confidence high
sentiment neutral
materiality 0.65
Casella Waste Q3: rev $411.6M (+16.7%), Adj. EBITDA $102.9M; acquires Royal; cuts net income guidance
CASELLA WASTE SYSTEMS INC
2024-Q3 EPS reported
$0.15
revenue$1,129,797,000
- Revenue $411.6M, up 16.7% YoY; solid waste pricing +5.5%, collection price +6.1%.
- Net income $5.8M ($0.10 EPS), down 68.2% YoY; operating income includes $8.5M charge at Southbridge landfill.
- Adjusted EBITDA $102.9M, up 14.9% YoY; organic growth 6.0%.
- Acquired Royal Carting (Oct 1) with >$90M annualized revenue; YTD six acquisitions >$200M combined.
- FY2024 guidance: reaffirms Adj. EBITDA $360-370M; lowers net income to $10-20M (from $15-25M).