NASDAQ$CWST

Casella Waste Systems Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Casella Waste Systems reported strong Q4 2024 performance with an 18.90% YoY revenue increase, primarily driven by acquisitions and pricing improvements. Adjusted EPS rose 41.38%, while operating margin expanded by 0.60 percentage points.

Headline financials

Total Revenue

$427M

Previous: $360M+18.9%
EPS (adj)

$0.41

Previous: $0.13+215.4%
Adjusted EBITDA

$95M

No prior period
Adjusted EBITDA as % of Revenues

22.2%

No prior period
Adjusted Net Income

$22.2M

No prior period
Net Income

$4.88M

Previous: -$1.8M+370.9%
Operating Income

$18.5M

Previous: $13.4M+38.3%

Revenue & EPS history

Casella · Revenue · Quarterly

$427M

Q4 2024+18.9%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Casella · $275M total across 3 segments · Q3 2023

  • Collection
    $206M+43.0%
  • Disposal
    $66.3M+0.3%
  • Solid Waste Processing
    $3.02M-3.6%

Forward guidance

Casella projects continued revenue and earnings growth in FY 2025, supported by acquisitions, price increases, and operational efficiencies. The company aims to expand landfill volumes as market conditions improve.

Tailwinds

  • Revenue expected to grow 14% YoY at midpoint
  • Adjusted EBITDA projected between $410M and $425M
  • Continued acquisition strategy with strong integration plans
  • Landfill volume expected to recover in 2025
  • Focus on operational efficiencies and pricing discipline

Headwinds

  • Higher interest expenses impacting net income
  • Weakness in C&D and special waste volumes at landfills
  • Higher amortization expense from acquisitions
  • Potential regulatory challenges in waste management
  • Market softness in some disposal segments could persist

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 2024

Historical avgQ4 2024

+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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