Casella Waste Systems Reports Q1 Earnings Beat
Shares of Casella Waste Systems (NASDAQ: CWST) are flat in the after-hours following the release of the company's Q1 earnings results. They ended the regular session higher by 7.98%, at $5.55.
Casella Waste Systems reported Q1 EPS of $0.12 on revenues of $127.2 million; the Street was looking for ($0.15) per share on revenues of $123.7 million. Revenues increased 4.3% year over year.
"While much effort was devoted during the last year to divesting the non-core assets and refinancing the balance sheet, we also undertook the challenge of improving how we do business on a daily basis," said John W. Casella, chairman and CEO of Casella Waste Systems.
"Two of the most important aspects of this initiative were our efforts to improve our profitability and to break down the internal cultural barriers to pricing and adjusting it when appropriate."
Casella Waste Systems, Inc. is a vertically integrated company. The company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection, transfer, disposal and recycling services.
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