NASDAQ$CWST

Casella Waste Systems Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Casella Waste Systems, Inc. announced first quarter results and withdrew fiscal year 2020 guidance due to COVID-19 uncertainties.

Casella Waste Systems reported an 11.8% increase in revenues for Q1 2020, reaching $182.9 million, driven by solid waste pricing and acquisitions. Net income rose to $1.0 million, and Adjusted EBITDA increased by 25.9% to $33.5 million. The company withdrew its fiscal year 2020 guidance due to the uncertainty caused by the COVID-19 pandemic.

  • Revenues increased by 11.8% to $182.9 million compared to the same period in 2019.
  • Overall solid waste pricing increased by 5.8%, with collection pricing up 5.2% and disposal pricing up 7.7%.
  • Net income was $1.0 million, an increase of $2.7 million from the same period in 2019.
  • The company acquired four businesses with approximately $13 million of annualized revenues in 2020.

Headline financials

Total Revenue

$183M

Previous: $164M+11.8%
EPS (adj)

$0.05

Previous: -$0.01+600.0%
Solid Waste Price Growth

5.8%

No prior period
Solid Waste Volume Growth

-2.7%

No prior period
Capital Expenditures

-$19.9M

Previous: -$18.2M-8.8%
Free Cash Flow

-$18.9M

Previous: -$20M+5.3%
Net Income

$959K

Previous: -$1.71M+156.0%
Operating Income

$7.01M

Previous: $4.44M+57.9%
Gross Profit

$54.4M

Previous: $45.9M+18.5%
Cash & Equivalents

$26.2M

Previous: $19.9M+31.5%
Total Assets

$958M

Previous: $828M+15.6%
Stock-Based Comp

$1.56M

Previous: $1.43M+9.2%

Revenue & EPS history

Casella · Revenue · Quarterly

$183M

Q1 2020+11.8%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Casella · $134M total across 3 segments · Q1 2020

  • Collection
    $94.6M
  • Disposal
    $38.6M
  • Solid Waste Processing
    $1.12M

Forward guidance

Casella Waste Systems withdrew its financial guidance for the fiscal year ending December 31, 2020, due to the uncertainty of the impacts of the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.8%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+3.6%

Avg return

30 days after

61%

36 / 59 earnings

Positive

+27.5%

Q1 2010

Best reaction

-7.6%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.7%+6.7%+3.7%
Q4 2025-5.8%-12.0%-23.3%
Q3 2025+7.1%+8.6%+16.4%
Q1 2025-0.7%+2.5%-0.1%
Q4 2024+0.1%+7.8%+0.7%
Q3 2024-4.4%-2.9%+10.5%
Q2 2024+1.8%-1.5%+4.2%
Q1 2024-5.2%-4.8%+5.0%
Q4 2023-0.1%-1.4%+4.5%
Q3 2023+4.1%+5.7%+10.8%
Q2 2023-4.7%-2.4%-4.5%
Q1 2023+2.8%+3.4%+6.7%
Q4 2022-4.4%-4.9%-1.9%
Q3 2022+3.9%+6.8%+10.3%
Q2 2022+6.2%+7.0%+7.7%
Q1 2022-5.6%-11.9%-16.4%
Q4 2021+1.0%-4.1%+17.2%
Q3 2021+4.6%+5.1%+3.3%
Q2 2021+6.1%+7.4%+13.1%
Q1 2021+0.7%+0.6%+1.1%
Q4 2020+1.6%+0.3%+7.6%
Q3 2020-3.0%+0.3%+7.2%
Q2 2020+0.3%+2.1%+5.6%
Q1 2020+7.0%+6.4%+13.8%
Q4 2019-2.5%-3.3%-26.0%
Q3 2019-0.9%-1.2%+9.7%
Q2 2019+3.8%+2.9%+4.4%
Q1 2019+0.5%+0.6%+3.1%
Q4 2018+0.4%-0.7%-0.4%
Q3 2018-7.6%-4.8%+0.3%
Q2 2018+1.3%+2.4%+1.4%
Q1 2018+7.7%+0.2%-4.7%
Q4 2017-2.2%-5.4%-8.0%
Q3 2017+12.0%+6.7%+14.2%
Q2 2017-7.2%-5.3%+0.9%
Q1 2017-0.6%-1.1%-1.6%
Q4 2016+10.2%+12.1%+20.8%
Q3 2016+3.1%+6.1%+20.1%
Q2 2016+4.3%+5.5%+2.7%
Q1 2016+0.4%
Q4 2015+2.5%
Q3 2015-0.5%
Q2 2015+3.0%
Q1 2015+0.0%
Q1 2014-1.2%
Q3 2013-2.0%
Q2 2014-1.3%
Q2 2013+6.5%
Q1 2013+5.9%
Q4 2012+8.3%
Q2 2012+8.3%
Q3 2011-1.4%
Q2 2011-2.1%
Q1 2012+4.5%
Q1 2011-0.6%
Q4 2010+0.6%
Q2 2010+1.8%
Q1 2010+27.5%
Q4 2009+2.5%

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