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Casella Waste Systems Swings to Q1 Adjusted Loss, Revenue Rises; 2024 Outlook Affirmed
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Casella Waste Systems Swings to Q1 Adjusted Loss, Revenue Rises; 2024 Outlook Affirmed
Apr 26, 2024 3:10 AM

05:46 AM EDT, 04/26/2024 (MT Newswires) -- Casella Waste Systems ( CWST ) reported a Q1 adjusted loss late Thursday of $0.01 per diluted share, swinging from earnings of $0.10 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.02.

Revenue for the quarter ended March 31 was $341 million, up from $262.6 million a year earlier.

Analysts surveyed by Capital IQ expected $340.3 million.

For 2024, the company reaffirmed projected net income of $35 million to $45 million on revenue of $1.48 billion to $1.51 billion. Analysts polled by Capital IQ expect revenue of $1.50 billion.

Price: 94.10, Change: -0.22, Percent Change: -0.23

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