NASDAQ$CWST
Casella Waste Systems Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Casella reported Q4 2019 financial results, showing revenue increase and improved profitability.
Casella Waste Systems reported a strong fourth quarter with revenues up 10.8% to $193.6 million and net income of $9.1 million. The company's solid waste pricing programs were ahead of budget, and they continued to execute against their key strategies.
- Revenues increased by 10.8% compared to the same period in 2018, reaching $193.6 million.
- Net income rose to $9.1 million, a $22.7 million increase from the same period in 2018.
- Overall solid waste pricing increased by 5.0%, driven by collection and landfill pricing increases.
- The company acquired nine businesses with approximately $53 million of annualized revenues during 2019.
Headline financials
Revenue & EPS history
Casella · Revenue · Quarterly
$194M
Revenue by segment
Casella · $147M total across 3 segments · Q4 2019
- Collection$97.9M+18.3%66.7%
- Disposal$47.1M+5.0%32.1%
- Solid Waste Processing$1.75M+31.9%1.2%
Forward guidance
The Company provided guidance for the fiscal year ending December 31, 2020, expecting revenue between $800 million and $815 million, net income between $35 million and $39 million, and Adjusted EBITDA between $170 million and $174 million.
Tailwinds
- Revenue growth of between 7.6% and 9.6% is expected in fiscal year 2020.
- 4.7% revenue growth from the roll-over impact of acquisitions completed during fiscal year 2019 and those already completed in early 2020.
- Solid Waste business revenue growth of between 9.0% and 11.0%.
- Price growth from 3.5% to 4.5% in the Solid Waste business.
- Net cash provided by operating activities between $131 million and $135 million
Headwinds
- Volume growth from (0.5)% to 0.5% in the Solid Waste business, including a headwind from the reduction of volumes at the North Country landfill.
- The planned reduction of volumes at the North Country landfill is expected to negatively impact revenues by $(5.0) million and operating income by $(4.5) million from fiscal year 2019.
- Capital expenditures of approximately $113 million, which includes approximately $16 million of non-recurring capital associated with acquisition integration, and $12 million of Waste USA landfill phase VI construction capital expenditures.
- Net cash provided by operating activities will be negatively impacted in 2020 as we plan to spend $14 million on landfill closure, site improvement and remediation expenditures associated with the Southbridge landfill closure.
- Does not include the impact of any acquisitions that have not yet been completed.
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 Q4 2019
+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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