Casella Waste Systems, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2021
February 18, 2021 at 04:05 pm EST
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Casella Waste Systems, Inc. provided earnings guidance for the fiscal year ending December 31, 2021. For the year, the company expects revenues between $815 million and $830 million (as compared to $774.6 million in fiscal year 2020); Net income between $33 million and $37 million (as compared to $91.1 million in fiscal year 2020, which included a $55.0 million benefit from the reversal of the valuation allowance). Overall the Company expects revenue growth of between 5.2% and 7.2% in fiscal year 2021, including 1.5% revenue growth from the roll-over impact of acquisitions completed during fiscal year 2020 and those already completed in early fiscal year 2021.
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. The Company manages its solid waste operations on a geographic basis through three regional operating segments: the Eastern, Western and Mid-Atlantic regions. It manages its resource renewal operations through the Resource Solutions operating segment, which leverages its core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver a solution for its commercial, municipal, institutional and industrial customers. It operates approximately 64 solid waste collection operations, 71 transfer stations, 29 recycling and processing facilities, eight Subtitle D landfills, three landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials. It provides integrated solid waste services in Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine, Pennsylvania, Delaware and Maryland.
CASELLA WASTE SYSTEMS, INC. 
