NASDAQ$CWST
Casella Waste Systems Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Casella's first quarter financial results reflected strong solid waste performance driven by operating and pricing program execution.
Casella Waste Systems reported a 12.2% increase in revenue for Q1 2023, driven by solid waste operations, particularly pricing and volume growth. Net income decreased by 15.3% compared to the same period last year, while Adjusted EBITDA increased by 11.2%. The company reaffirmed its full-year guidance.
- Revenues increased by 12.2% to $262.6 million.
- Overall solid waste pricing increased by 8.8%.
- Net income decreased by 15.3% to $3.5 million.
- Adjusted EBITDA increased by 11.2% to $50.7 million.
Headline financials
Revenue & EPS history
Casella · Revenue · Quarterly
$263M
Revenue by segment
Casella · $193M total across 3 segments · Q1 2023
- Collection$140M+17.1%72.5%
- Disposal$51.5M+19.3%26.7%
- Solid Waste Processing$1.58M-13.4%0.8%
Forward guidance
Casella reaffirmed its revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow guidance ranges for the fiscal year ending December 31, 2023. This guidance does not include contribution from our pending acquisition of select operations from GFL Environmental Inc.
Tailwinds
- Revenues between $1.150 billion and $1.180 billion
- Net income between $56 million and $62 million
- Adjusted EBITDA between $266 million and $272 million
- Net cash provided by operating activities between $227 million and $233 million
- Adjusted Free Cash Flow between $119 million and $125 million
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 2023
+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
| Quarter | Report date | Reaction (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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