Casella Waste Systems, Inc. Provides Earnings Guidance for the Year Ending December 31, 2024
February 15, 2024 at 04:15 pm EST
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Casella Waste Systems, Inc. provided earnings guidance for the year ending December 31, 2024. For the year, the company expects revenues between $1.480 billion and $1.510 billion (as compared to $1.265 billion in fiscal year 2023) and net income between $35 million and $45 million (as compared to $25.4 million in fiscal year 2023). Overall, the Company expects revenue growth of between approximately 17% and 19% in fiscal year 2024, including approximately 14% (or $175 million) of revenue growth from the roll-over impact of acquisitions completed during fiscal year 2023.
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.