Overview

* Casella Q3 2025 revenue grows 17.9% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 2025 beats analyst expectations, driven by acquisitions and organic growth

* Company raises lower end of 2025 revenue and adjusted EBITDA guidance

Outlook

* Company raises lower end of 2025 revenue guidance to $1.830 bln

* Casella raises lower end of 2025 Adjusted EBITDA guidance to $415 mln

* Company reaffirms 2025 net income guidance between $8 mln and $18 mln

Result Drivers

* ACQUISITIONS - Revenue growth driven by rollover impact from acquisitions and deals closed in prior periods

* PRICING AND VOLUME - Solid waste pricing increased by 4.6% and higher landfill volumes contributed to organic growth

* SYSTEM INTEGRATION - Progress in billing system integrations and new truck deliveries expected to improve business performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $485.40 $476.64

Revenue mln mln (9

Analysts

)

Q3 Beat $26.60 $21.06

Adjusted mln mln (7

Net Analysts

Income )

Q3 Net $10 mln

Income

Q3 Beat $119.90 $115.81

Adjusted mln mln (10

EBITDA Analysts

)

Q3 $29.40

Operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 2 "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 $123.00, about 31.6% above its October 29 closing price of $84.17

Press Release:

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(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.)