Market Overview

Casella Waste Systems Beats Estimates (CWST)

Casella Waste Systems Inc. (NASDAQ: CWST) reports Q3 earnings of $0.04 loss versus consensus of $0.08 loss. Casella Waste Systems Inc. reports Q3 revenues of $141 million versus consensus of $138.61 million.

"We're pleased with our operating performance in the second quarter, especially at our landfills where tonnages were up 16 percent and Adjusted EBITDA was up 24 percent from last year," said John W. Casella, chairman and CEO of Casella Waste Systems. "On an annualized basis, our landfills are running at or near their maximum permitted levels, which has allowed us to begin pushing out lower priced tonnages and raising spot prices. Our team is doing a great job sourcing new landfill contracts and streams of materials to offset continued weakness in the regional economy and construction & demolition volumes."

Shares closed at $4.45 today.

Posted-In: Earnings News

 

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