Overview

* Casella Waste ( CWST ) Q2 revenue rises 23.4%, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 rises 19.5% but missed analyst estimates, per LSEG data

* Company completed six acquisitions, contributing $90 mln in annualized revenue

Outlook

* Casella raises fiscal 2025 revenue guidance to $1.820 bln-$1.840 bln

* Company revises fiscal 2025 net income forecast to $8 mln-$18 mln

* Casella expects adjusted EBITDA of $410 mln-$425 mln for fiscal 2025

* Company sees fiscal 2025 adjusted free cash flow at $170 mln-$180 mln

Result Drivers

* ACQUISITIONS - Revenue growth driven by acquisitions contributing $90 mln in annualized revenue

* PRICE INCREASES - Solid waste pricing up 5.0% from the same period in 2024

* ORGANIC GROWTH - Strong performance in National Accounts within Resource Solutions segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $465.30 $454.30

Revenue mln mln (8

Analysts

)

Q2 Beat $23 mln $20.70

Adjusted mln (6

Net Analysts

Income )

Q2 Net $5.20

Income mln

Q2 Miss $109.50 $111.90

Adjusted mln mln (7

EBITDA Analysts

)

Q2 $19.30

Operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Casella Waste Systems Inc ( CWST ) is $127.05, about 14.7% above its July 30 closing price of $108.37

* The stock recently traded at 91 times the next 12-month earnings vs. a P/E of 97 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)