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RUTLAND, Vt., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST) (“Casella”), a regional solid waste, recycling, and resource management services company, has honored three organizations for their leadership in sustainability as part of Casella’s annual Sustainability Leadership Awards.

The Casella Sustainability Leadership Awards recognize customers who demonstrate what can be achieved through collaboration to reduce waste, increase recycling, and advance the circular economy. Each year, winners are selected from a diverse group of nominees, including municipalities, businesses, manufacturers, and higher education and healthcare institutions.

“Congratulations to Adams Fairacre Farms, King Arthur Baking Company, and the City of Pittsfield on this well-deserved recognition,” said Ned Coletta, President and CEO of Casella. “The most effective sustainability solutions are the ones that deliver real environmental and economic value. These organizations are showing what can be accomplished when strong partnerships are combined with a willingness to rethink how resources are managed. We’re proud to work alongside them and recognize the meaningful progress they are making in their organizations and communities.”

From implementing innovative waste diversion programs to transforming municipal recycling systems, this year’s award recipients demonstrate the environmental and economic benefits of thoughtful materials management.

Their stories are featured at casella.com/sla, where visitors can learn more about how they are reducing waste and helping create more sustainable communities.

2026 Casella Sustainability Leadership Award Winners

Adams Fairacre Farms is a family-owned grocery and garden center business that began as a small farmstand and has grown into a beloved regional retailer in the Hudson Valley of New York. Adams Fairacre has worked in partnership with the local Casella team to add compost service at all five of its locations. With a focus on keeping the service clear and simple, the teams have established a successful program that reliably recovers clean food waste for local composters. The initiative benefits the organization while also supporting sustainability in the local community.

King Arthur Baking Company is a more than 200-year-old, employee-owned Certified B Corporation, and a nationally recognized baking brand headquartered in Vermont’s Upper Valley Region. As part of its 2023 sustainability strategy, the organization has set a zero-waste goal and a commitment to work towards packaging with 50% post-consumer recycled content. To support these goals, Casella provides monthly diversion reports, educational resources, and ongoing service enhancements. King Arthur was an early adopter of the first Casella ARC™ Operation, through which local manufacturers collaborated to establish a specialty recycling facility tailored to their unique needs.

The City of Pittsfield, MA, Berkshire County’s largest city and home to approximately 43,000 residents, recently worked with Casella to complete a major overhaul of its solid waste service model, transitioning from unlimited curbside pickup to a standardized cart system designed to drive higher recycling rates while reducing waste costs. Elements of the program include automated collection for safety and efficiency, 48-gallon carts to encourage recycling, and a mobile app to provide residential service notifications and recycling education. Following these changes, recycling volumes have risen by 20%, helping reduce the municipality’s reliance on shrinking regional disposal capacity.

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For more information, visit www.casella.com.

Contact Us

Media Relations 
Jeff Weld
Vice President of Communications
(802) 772-2234Investor Relations 
Henry Baby, CFA
Vice President of Investor Relations and Finance
(802) 417-3841

Cimpress (NASDAQ:CMPR – Get Free Report) and Casella Waste Systems (NASDAQ:CWST – Get Free Report) are both mid-cap industrials companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, profitability, analyst recommendations, earnings, risk, valuation and dividends.

Earnings & Valuation This table compares Cimpress and Casella Waste Systems”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Cimpress $3.74 billion 0.58 $95.87 million $3.77 23.79 Casella Waste Systems $1.84 billion 3.12 $7.87 million $0.09 999.00 Cimpress has higher revenue and earnings than Casella Waste Systems. Cimpress is trading at a lower price-to-earnings ratio than Casella Waste Systems, indicating that it is currently the more affordable of the two stocks. Institutional & Insider Ownership 77.6% of Cimpress shares are owned by institutional investors. Comparatively, 99.5% of Casella Waste Systems shares are owned by institutional investors. 10.2% of Cimpress shares are owned by company insiders. Comparatively, 3.8% of Casella Waste Systems shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Profitability This table compares Cimpress and Casella Waste Systems’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Cimpress 2.57% -18.83% 4.75% Casella Waste Systems 0.29% 5.32% 2.49% Analyst Ratings This is a summary of current recommendations and price targets for Cimpress and Casella Waste Systems, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Cimpress 0 2 3 0 2.60 Casella Waste Systems 1 2 7 1 2.73 Cimpress presently has a consensus target price of $114.50, suggesting a potential upside of 27.68%. Casella Waste Systems has a consensus target price of $109.75, suggesting a potential upside of 22.07%. Given Cimpress’ higher probable upside, analysts plainly believe Cimpress is more favorable than Casella Waste Systems.

Risk and Volatility Cimpress has a beta of 1.8, meaning that its stock price is 80% more volatile than the S&P 500. Comparatively, Casella Waste Systems has a beta of 0.74, meaning that its stock price is 26% less volatile than the S&P 500.

Summary Cimpress beats Casella Waste Systems on 8 of the 15 factors compared between the two stocks.

About Cimpress (Get Free Report)

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs. The company also manufactures and markets custom writing instruments and promotional products, apparels, and gifts; and provides professional desktop publishing skill sets for local printers, print resellers, graphic artists, advertising agencies, and other customers. In addition, it offers graphic design services, do-it-yourself (DIY) design services, website services, and corporate solutions under the VistaPrint, VistaCreate, 99designs by Vista, Vista Corporate Solutions, and Vista x Wix brand names; and online printing solutions. Further, the company provides promotional and packaging products, logo apparel, books and magazines, wall decors, photo merchandise, invitations and announcements, and other categories; website design and hosting, and email marketing services, as well as order referral and other third-party offerings. The company serves various businesses, graphic designers, resellers, and printers, as well as teams, associations, groups, consumers, and families. Cimpress plc was founded in 1994 and is based in Dundalk, Ireland.

(Get Free Report)

Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers. The company provides non-hazardous solid waste services, including collections, transfer stations, recycling, and disposal operations. In addition, it markets materials, including fibers, corrugated cardboard, newsprint, plastics, glass, ferrous, and aluminum metals. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.

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Assenagon Asset Management S.A. grew its stake in Casella Waste Systems, Inc. (NASDAQ: CWST) by 387.1% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,856 shares of the industrial products company's stock after purchasing an additional 14,190 shares during the period.

Casella Waste Systems, Inc. (CWST) Q2 2026 Earnings Call Transcript

RUTLAND, Vt., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three and six month periods ended June 30, 2026.

Key Highlights:

Revenues were $543.7 million for the quarter, up $78.4 million, or up 16.9%, from the same period in 2025. Solid waste pricing for the quarter was up 5.5% from the same period in 2025, driven by 5.8% collection price growth and 4.7% disposal price growth. Net income was $3.8 million for the quarter, as compared to $5.2 million for the same period in 2025. Adjusted Net Income, a non-GAAP measure, was $25.3 million for the quarter, up $1.1 million, or up 4.6%, from the same period in 2025. Adjusted EBITDA, a non-GAAP measure, was $123.2 million for the quarter, up $13.7 million, or up 12.5%, from the same period in 2025.Net cash provided by operating activities was $161.0 million for the year-to-date period, up $21.4 million, or up 15.3%, from the same period in 2025.Adjusted Free Cash Flow, a non-GAAP measure, was $78.1 million for the year-to-date period, up $7.3 million, or up 10.3%, from the same period in 2025.Acquired five businesses thus far in 2026 with approximately $165 million in aggregate annualized revenues.
“We delivered another quarter of solid financial and operating performance as our teams continued to execute at a high level across the business,” said Ned Coletta, President and CEO of Casella Waste Systems, Inc. “Our disciplined operating approach, strong pricing execution, healthy landfill volumes, and continued acquisition activity drove positive results during the quarter. The momentum we have built through the first half of the year, together with the strength of our operating platform, reinforces our confidence in our strategy and execution for the remainder of the year.”

“Our core business continued to perform well during the quarter,” Coletta said. “Solid waste pricing remained strong, including disposal pricing of 4.7%, with municipal solid waste and construction & demolition pricing growth of 4.5% at the landfills. As we advanced pricing, landfill volumes also increased year-over-year with the growth related to both third party-sales and internalization efforts.”

“Notably, as fuel prices rapidly increased this year and remained elevated through the second quarter, our floating fuel recovery fees offset this higher cost, although resulting in a headwind to Adjusted EBITDA margins of 40 basis points. At the same time, our teams remained focused on driving results through our key operating programs as well as acquisition integration, including continued progress within our Mid-Atlantic region, where we have completed our systems integration work, initiated various route optimization initiatives, and look to further execute against our plan in the second half of the year.”

“Our acquisition pipeline remains very strong,” Coletta said. “We have closed on five acquisitions so far this year with total annualized revenues of approximately $165 million, and I would like to again welcome our new team members and customers.”

Q2 2026 Results

Revenues were $543.7 million for the quarter, up $78.4 million, or up 16.9%, from the same period in 2025, with revenue growth mainly driven by: the positive impact from acquisitions, including the rollover contribution from deals closed in prior periods; positive collection and disposal price; an increase in landfill volumes; and strong National Accounts growth in our Resource Solutions operating segment.

Operating income was $20.0 million for the quarter, up $0.7 million, or up 3.6%, from the same period in 2025, reflecting improved operating performance; partially offset by higher depreciation and amortization expense mainly related to acquisition growth.

Net income was $3.8 million for the quarter, down $(1.4) million, or down (27.6)%, as compared to $5.2 million for the same period in 2025, largely driven by the same factors impacting operating income in addition to higher interest expense, net. Adjusted Net Income was $25.3 million for the quarter, up $1.1 million, or up 4.6%, from the same period in 2025.

Adjusted EBITDA was $123.2 million for the quarter, up $13.7 million, or up 12.5%, from the same period in 2025, driven by both acquisition contribution and organic growth.

Please refer to "Non-GAAP Performance Measures" included in "Unaudited Reconciliation of Certain Non-GAAP Measures" below for additional information and reconciliations of Adjusted Net Income, Adjusted EBITDA and other non-GAAP performance measures to their most directly comparable generally accepted accounting principles (“GAAP”) measures.

Net cash provided by operating activities was $161.0 million for the six months ended June 30, 2026, up $21.4 million from the same period in 2025. Adjusted Free Cash Flow was $78.1 million for the six months ended June 30, 2026, up $7.3 million from the same period in 2025.

Please refer to "Non-GAAP Liquidity Measures" included in "Unaudited Reconciliation of Certain Non-GAAP Measures" below for additional information and reconciliation of Adjusted Free Cash Flow to its most directly comparable GAAP measure.

Fiscal Year 2026 Outlook

“We are increasing our revenue guidance reflecting our acquisition activity and expectation of higher floating fuel recovery fees associated with offsetting elevated fuel costs,” Coletta said. “The business is performing in line with plan and our outlook for the year has not materially changed.”

The Company updated guidance for the fiscal year ending December 31, 2026 (“fiscal year 2026”) for the following ranges:

Revenues between $2.090 billion and $2.110 billion (raised from a range of $2.060 billion to $2.080 billion); andNet income between $0 and $6 million (lowered from a range of $4 million to $10 million). The Company reaffirmed guidance for fiscal year 2026 by estimating results in the following ranges:

Adjusted EBITDA between $473 million and $483 million;Net cash provided by operating activities between $370 million and $380 million; andAdjusted Free Cash Flow between $200 million and $210 million.
The guidance ranges do not include the impact of any acquisitions that have not been completed. Adjusted EBITDA and Adjusted Free Cash Flow related to fiscal year 2026 are described in the Unaudited Reconciliation of Fiscal Year 2026 Outlook Non-GAAP Measures section of this press release. Net income and Net cash provided by operating activities are provided as the most directly comparable GAAP measures to Adjusted EBITDA and Adjusted Free Cash Flow, respectively, however these forward-looking estimates for fiscal year 2026 do not contemplate any unanticipated impacts.

Conference Call to Discuss Quarter

The Company will host a conference call to discuss these results on Friday, August 7, 2026 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register for the call by clicking here to obtain a dial in number and unique passcode. Alternatively, upon registration, the website linked above provides an option for the conference provider to call the registrant's phone line, enabling participation on the call.

The call will also be webcast; to listen, participants should visit the Company’s website at http://ir.casella.com and follow the appropriate link to the webcast. A replay of the call will be available on the Company's website and accessible using the same link.

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For further information, investors may visit the Company’s website at http://www.casella.com.

Safe Harbor Statement

Certain matters discussed in this press release, including, but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, our financial performance; financial condition; operations and services; prospects; growth; strategies; anticipated impacts from future or completed acquisitions; and guidance for fiscal year 2026, are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate”, “projects,” “will,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which the Company operates and management’s beliefs and assumptions. The Company cannot guarantee that it will achieve the financial results, plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of the Company's operations, involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in its forward-looking statements.

Such risks and uncertainties include or relate to, among other things, the following: the Company may be unable to adequately increase prices or drive operating efficiencies to adequately offset increased costs and inflationary pressures, including increased fuel prices, wages, and tariffs; it is difficult to determine the timing or future impact of a sustained economic slowdown that could negatively affect our operations and financial results; the increasing focus on per - and polyfluoroalkyl substances (“PFAS”) and other emerging contaminants, including the recent designation by the U.S. Environmental Protection Agency of two PFAS chemicals as hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act, will likely lead to increased compliance and remediation costs and litigation risks; adverse weather conditions may negatively impact the Company's revenues and its operating margin; the Company may be unable to increase volumes at its landfills or improve its route profitability; the Company may be unable to reduce costs or increase pricing or volumes sufficiently to achieve estimated Adjusted EBITDA and other targets; landfill operations and permit status may be affected by factors outside the Company's control; the Company may be required to incur capital expenditures in excess of its estimates; the Company's insurance coverage and self-insurance reserves may be inadequate to cover all of its risk exposures; fluctuations in energy pricing or the commodity pricing of its recyclables may make it more difficult for the Company to predict its results of operations or meet its estimates; disruptions or limited access to domestic and global transportation or the imposition of tariffs could impact the Company's ability to sell recyclables into end markets; the Company may be unable to achieve its acquisition or development targets on favorable pricing or at all, including due to the failure to satisfy all closing conditions and to receive required regulatory approvals that may prevent closing of any announced transaction; the Company may not be able to successfully integrate and recognize the expected financial benefits from acquired businesses; and the Company may incur environmental charges or asset impairments in the future.

There are a number of other important risks and uncertainties that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements. These additional risks and uncertainties include, without limitation, those detailed in Item 1A. “Risk Factors” in the Company's most recently filed Form 10-K and in other filings that the Company may make with the Securities and Exchange Commission in the future.

The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Investors:

Henry Baby, CFA
Vice President of Investor Relations & Finance
(802) 417-3841

Media:

Jeff Weld
Vice President of Communications
(802) 772-2234
http://www.casella.com

 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)  Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025 Revenues$543,748  $465,334  $1,001,076  $882,435 Operating expenses:       Cost of operations 364,949   308,070   673,874   588,521 General and administration 63,168   54,523   121,296   111,009 Depreciation and amortization 88,498   77,006   166,481   148,497 Expense from acquisition activities 6,081   6,463   12,590   11,992 Organics facility closure charge 1,088   —   2,016   —   523,784   446,062   976,257   860,019 Operating income 19,964   19,272   24,819   22,416 Other expense (income):       Interest expense, net 17,421   13,000   31,414   24,598 Other income (822)  (615)  (1,136)  (933)Other expense, net 16,599   12,385   30,278   23,665 Income (loss) before income taxes 3,365   6,887   (5,459)  (1,249)(Benefit) provision for income taxes (405)  1,679   (3,690)  (1,647)Net income (loss)$3,770  $5,208  $(1,769) $398 Basic weighted average common shares outstanding 63,613   63,461   63,579   63,424 Basic earnings (loss) per common share$0.06  $0.08  $(0.03) $0.01 Diluted weighted average common shares outstanding 63,685   63,563   63,579   63,524 Diluted earnings (loss) per common share$0.06  $0.08  $(0.03) $0.01   CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)  June 30,
2026 December 31,
2025 (Unaudited)  ASSETS   CURRENT ASSETS:   Cash and cash equivalents$25,541 $123,773Accounts receivable, net of allowance for credit losses 220,366  178,068Other current assets 68,685  67,440Total current assets 314,592  369,281Property and equipment, net of accumulated depreciation and amortization 1,381,271  1,289,409Operating lease right-of-use assets 111,528  105,252Goodwill 1,372,773  1,120,056Intangible assets, net of accumulated amortization 341,589  290,855Restricted cash and assets 3,132  96,265Other non-current assets 32,631  32,208Total assets$3,557,516 $3,303,326LIABILITIES AND STOCKHOLDERS' EQUITY   CURRENT LIABILITIES:   Current maturities of debt$25,580 $25,735Current operating lease liabilities 12,304  11,952Accounts payable 126,550  102,468Contract liabilities 43,880  45,153Current accrued final capping, closure and post-closure costs 6,482  7,562Other accrued liabilities 102,163  101,032Total current liabilities 316,959  293,902Debt, less current portion 1,325,132  1,128,927Operating lease liabilities, less current portion 81,988  72,513Accrued final capping, closure and post-closure costs, less current portion 198,481  185,160Other long-term liabilities 54,932  54,115Total stockholders' equity 1,580,024  1,568,709Total liabilities and stockholders' equity$3,557,516 $3,303,326  CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)  Six Months Ended
June 30,  2026   2025 Cash Flows from Operating Activities:   Net (loss) income$(1,769) $398 Adjustments to reconcile Adjustments to reconcile net (loss) income to net cash provided by operating activities::   Depreciation and amortization 166,481   148,497 Interest accretion on landfill and environmental remediation liabilities 8,021   7,426 Amortization of debt issuance costs 1,492   1,519 Stock-based compensation 6,883   7,777 Operating lease right-of-use assets expense 12,453   10,392 Other items and charges, net 158   1,124 Deferred income taxes (9,485)  (148)Changes in assets and liabilities, net of effects of acquisitions and divestitures (23,208)  (37,337)Net cash provided by operating activities 161,026   139,648 Cash Flows from Investing Activities:   Acquisitions, net of cash acquired (400,816)  (175,018)Additions to property and equipment (122,288)  (121,878)Proceeds from sale of property and equipment 640   503 Net cash used in investing activities (522,464)  (296,393)Cash Flows from Financing Activities:   Proceeds from debt borrowings 248,950   25,000 Principal payments on debt (78,364)  (32,984)Payments of debt issuance costs (466)  (802)Net cash provided by (used in) financing activities 170,120   (8,786)Net decrease in cash, cash equivalents and restricted cash, including non-current (191,318)  (165,531)Cash, cash equivalents and restricted cash, including non-current, beginning of period 216,859   383,303 Cash, cash equivalents and restricted cash, including non-current, end of period$25,541  $217,772 Supplemental Disclosure of Cash Flow Information:   Cash interest payments$31,405  $28,575 Cash income tax (refunds) payments, net$(2,416) $164 Supplemental Disclosure of Non-Cash Activities:   Right-of-use assets obtained in exchange for finance lease obligations$24,954  $17,340 Right-of-use assets obtained in exchange for operating lease obligations$14,851  $22,033  CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES
UNAUDITED RECONCILIATION OF CERTAIN NON-GAAP MEASURES
(In thousands)

Non-GAAP Performance Measures

In addition to disclosing financial results prepared in accordance with GAAP, the Company also presents non-GAAP performance measures such as Adjusted EBITDA, Adjusted EBITDA as a percentage of revenues, Adjusted Operating Income, Adjusted Operating Income as a percentage of revenues, Adjusted Net Income and Adjusted Diluted Earnings Per Common Share that provide an understanding of operational performance because it considers them important supplemental measures of the Company's performance that are frequently used by securities analysts, investors and other interested parties in the evaluation of the Company's results. The Company also believes that identifying the impact of certain items as adjustments provides more transparency and comparability across periods. Management uses these non-GAAP performance measures to further understand its “core operating performance” and believes its “core operating performance” is helpful in understanding its ongoing performance in the ordinary course of operations. The Company believes that providing such non-GAAP performance measures to investors, in addition to corresponding income statement measures, affords investors the benefit of viewing the Company’s performance using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and its results of operations has performed. The tables below set forth such performance measures on an adjusted basis to exclude such items:

     Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025 Net income (loss)$3,770  $5,208  $(1,769) $398 Net income (loss) as a percentage of revenues 0.7%  1.1% (0.2)%  —%(Benefit) provision for income taxes (405)  1,679   (3,690)  (1,647)Other income (822)  (615)  (1,136)  (933)Interest expense, net 17,421   13,000   31,414   24,598 Depreciation and landfill amortization 66,468   57,889   126,075   109,914 Amortization of intangibles (i) 22,030   19,117   40,406   38,583 Expense from acquisition activities (ii) 6,081   6,463   12,590   11,992 Organics facility closure charge, net (iii) 927   —   1,697   — Depletion of landfill operating lease obligations 3,746   3,050   6,704   5,589 Interest accretion on landfill and environmental remediation liabilities 4,022   3,715   8,021   7,426 Adjusted EBITDA$123,238  $109,506  $220,312  $195,920 Adjusted EBITDA as a percentage of revenues 22.7%  23.5%  22.0%  22.2%Depreciation and landfill amortization (66,468)  (57,889)  (126,075)  (109,914)Depletion of landfill operating lease obligations (3,746)  (3,050)  (6,704)  (5,589)Interest accretion on landfill and environmental remediation liabilities (4,022)  (3,715)  (8,021)  (7,426)Adjusted Operating Income$49,002  $44,852  $79,512  $72,991 Adjusted Operating Income as a percentage of revenues 9.0%  9.6%  7.9%  8.3%  Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025 Net income (loss)$3,770  $5,208  $(1,769) $398 Amortization of intangibles (i) 22,030   19,117   40,406   38,583 Expense from acquisition activities (ii) 6,081   6,463   12,590   11,992 Organics facility closure charge, net (iii) 927   —   1,697   — Tax effect (iv) (7,550)  (6,651)  (14,220)  (13,150)Adjusted Net Income$25,258  $24,137  $38,704  $37,823         Diluted weighted average common shares outstanding 63,685   63,563   63,579   63,524 Dilutive effect of options and other stock awards —   —   82   — Adjusted Diluted Weighted Average Common Shares Outstanding 63,685   63,563   63,661   63,524         Diluted earnings (loss) per common share$0.06  $0.08  $(0.03) $0.01 Amortization of intangibles (i) 0.35   0.30   0.64   0.61 Expense from acquisition activities (ii) 0.10   0.10   0.20   0.19 Organics facility closure charge, net (iii) 0.01   —   0.03   — Tax effect (iv) (0.12)  (0.10)  (0.23)  (0.21)Adjusted Diluted Earnings Per Common Share$0.40  $0.38  $0.61  $0.60  (i)Amortization of intangibles is the add-back of non-cash amortization of acquired intangibles, including covenants not-to-compete, customer relationships and trade names.(ii)Expense from acquisition activities is comprised primarily of legal, consulting, rebranding, information technology and other costs associated with the due diligence, acquisition and integration of acquired businesses.(iii)Organics facility closure charge, net are net expenses related to us ceasing operations at an organic residuals composting facility that we own in Maine related to a change in state law prohibiting land application of biosolids based recycled products. The charge consists of costs incurred, net of revenues, related to ceasing operations at the site, which we expect to continue to occur through final closure of the site.(iv)Tax effect represents the aggregate marginal tax impact of each adjustment calculated using an estimated average statutory rate. Tax effect presented for the periods ending June 30, 2025 have been updated to conform with the current period methodology.
Non-GAAP Liquidity Measures

In addition to disclosing financial results prepared in accordance with GAAP, the Company also presents non-GAAP liquidity measures, such as Adjusted Free Cash Flow, that provide an understanding of the Company's liquidity because it considers them important supplemental measures of its liquidity that are frequently used by securities analysts, investors and other interested parties in the evaluation of the Company's cash flow generation from its core operations that are then available to be deployed for strategic acquisitions, growth investments, development projects, unusual landfill closures, site improvement and remediation, and strengthening the Company’s balance sheet through paying down debt. The Company also believes that showing the impact of certain items as adjustments provides more transparency and comparability across periods. Management uses non-GAAP liquidity measures to understand the Company’s cash flow provided by operating activities after certain expenditures along with its consolidated net leverage and believes that these measures demonstrate the Company’s ability to execute on its strategic initiatives. The Company believes that providing such non-GAAP liquidity measures to investors, in addition to corresponding cash flow statement measures, affords investors the benefit of viewing the Company’s liquidity using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and cash flow generation has performed. The table below, on an adjusted basis to exclude certain items, sets forth such liquidity measures:   
            

 Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025 Net cash provided by operating activities$98,773  $89,525  $161,026  $139,648 Capital expenditures (72,309)  (66,403)  (122,288)  (121,878)Proceeds from sale of property and equipment 279   287   640   503 Acquisition capital expenditures (i) 11,369   12,117   20,610   39,986 Cash outlays for acquisition expenses (ii) 5,768   5,442   12,761   11,768 McKean Landfill rail capital expenditures (iii) 2,893   800   4,476   800 Cash outlays for organics facility closure, net (iv) 692   —   893   — Adjusted Free Cash Flow$47,465  $41,768  $78,118  $70,827  (i)Acquisition capital expenditures are acquisition-related capital expenditures that are necessary to transition and upgrade acquired assets to Company operating standards and to achieve strategic synergies associated with integrating newly acquired operations, which can be considered, together with acquisition purchase price, as part of the initial overall investment in an acquired business.(ii)Cash outlays for acquisition expenses are cash outlays for transaction and integration costs relating to specific acquisition transactions and include legal, consulting, rebranding, information technology and other costs as part of the Company’s strategic growth initiative.(iii)McKean Landfill rail capital expenditures are long-term infrastructure capital expenditures related to rail side development at the Company's landfill in Mount Jewett, PA ("McKean Landfill"), which is different from the landfill construction investments in the normal course of operations.(iv)Cash outlays for organics facility closure, net are net cash outlays related to us ceasing operations at an organic residuals composting facility that we own in Maine related to a change in state law prohibiting land application of biosolids based recycled products. We expect to incur cash outlays through satisfaction of the closure requirements and the soil remediation process.
Non-GAAP financial measures are not in accordance with or an alternative for GAAP. Adjusted EBITDA, Adjusted EBITDA as a percentage of revenues, Adjusted Operating Income, Adjusted Operating Income as a percentage of revenues, Adjusted Net Income, Adjusted Diluted Earnings Per Common Share, and Adjusted Free Cash Flow should not be considered in isolation from or as a substitute for financial information presented in accordance with GAAP, and may be different from Adjusted EBITDA, Adjusted EBITDA as a percentage of revenues, Adjusted Operating Income, Adjusted Operating Income as a percentage of revenues, Adjusted Net Income, Adjusted Diluted Earnings Per Common Share, and Adjusted Free Cash Flow presented by other companies.

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES
UNAUDITED RECONCILIATION OF FISCAL YEAR 2026 OUTLOOK NON-GAAP MEASURES
(In thousands)

Following is a reconciliation of the Company's estimated Adjusted EBITDA(i) from estimated Net income for fiscal year 2026:

 (Estimated)
Twelve Months Ending
December 31, 2026Net income$0 - $6,000Provision for income taxes7,000 - 11,000Other income(2,000)Interest expense, net67,000Expense from acquisition activities20,000Depreciation and landfill amortization267,000Amortization of intangibles82,000Depletion of landfill operating lease obligations14,000Interest accretion on landfill and environmental remediation liabilities15,000Organics facility closure charge, net3,000Adjusted EBITDA$473,000 - $483,000
Following is a reconciliation of the Company's estimated Adjusted Free Cash Flow(i) from estimated Net cash provided by operating activities for fiscal year 2026:

 (Estimated)
Twelve Months Ending
December 31, 2026Net cash provided by operating activities$370,000 - $380,000Capital expenditures(275,000)Proceeds from sale of property and equipment1,000Acquisition capital expenditures76,000Cash outlays for acquisition expenses20,000McKean Landfill rail capital expenditures5,000Cash outlays for organics facility closure, net3,000Adjusted Free Cash Flow$200,000 - $210,000 (i)See footnotes for Non-GAAP Performance Measures and Non-GAAP Liquidity Measures included in the Unaudited Reconciliation of Certain Non-GAAP Measures for further disclosure over the nature of the various adjustments to estimated Adjusted EBITDA and estimated Adjusted Free Cash Flow.
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL DATA TABLES
(In thousands)

Amounts of total revenues attributable to services provided for the three months ended June 30, 2026 and 2025 are as follows:

 Three Months Ended June 30,  2026  2025 Gross
Revenues Intercompany
Revenues Third-Party
Revenues Gross
Revenues(i) Intercompany
Revenues(i) Third-Party
RevenuesCollection$382,805 $(27,774) $355,031 $319,261 $(21,356) $297,905Landfill 62,381  (33,087)  29,294  56,924  (30,869)  26,055Transfer station 96,409  (48,555)  47,854  79,060  (39,681)  39,379Transportation 10,175  (4,240)  5,935  10,204  (4,059)  6,145Landfill gas-to-energy 1,427  —   1,427  1,556  —   1,556Processing 3,616  (970)  2,646  3,515  (931)  2,584Solid waste 556,813  (114,626)  442,187  470,520  (96,896)  373,624Processing (ii) 58,604  (5,714)  52,890  54,039  (3,884)  50,155National Accounts (ii) 48,862  (191)  48,671  41,801  (246)  41,555Resource Solutions 107,466  (5,905)  101,561  95,840  (4,130)  91,710Total revenues$664,279 $(120,531) $543,748 $566,360 $(101,026) $465,334 (i)Prior period amounts have been updated to correct an immaterial error by reclassifying certain intercompany amounts from contra-revenue to costs of operations.(ii)In the three months ended March 31, 2026, we realigned a business unit related to organic materials brokerage operations within our Resource Solutions operating segment from the National Accounts service line to the processing service line. Amounts disclosed for the three months ended June 30, 2025 have been updated to conform to the current period presentation.
Components of consolidated revenues growth for the three months ended June 30, 2026 compared to the three months ended June 30, 2025 are as follows:

 Amount % of
Related
BusinessSolid waste operations:   Collection$17,377  5.8%Disposal:   Landfill 1,035  4.0%Transfer Station 2,026  5.1%Total Disposal 3,061  4.7%Other (i) 1  —%Solid waste price 20,439  5.5%Collection (4,174) (1.4)%Disposal:   Landfill 2,203  8.5%Transfer Station 211  0.5%Total Disposal 2,414  3.7%Other (i) (485) (4.7)%Solid waste volume (2,245) (0.6)%Intercompany transfers to National Accounts (1,385)  Surcharges and other fees 10,324   Commodity price and volume (255)  Acquisitions 41,685  11.2%Total solid waste operations 68,563  18.4%Resource Solutions operations:   Processing 2,237  4.5%National Accounts 1,791  4.3%Resource Solutions price 4,029  4.4%Processing (2,218) (4.4)%National Accounts 2,658  6.4%Resource Solutions volume 440  0.5%Intercompany transfers from solid waste 1,385   Surcharges and other fees 1,309   Facility closure (1,851)  Acquisitions 4,539  4.9%Total Resource Solutions operations 9,851  10.7%Total Company$78,414  16.9% (i)Includes transportation, landfill gas-to-energy and processing services for solid waste.
Components of capital expenditures(i) for the three and six months ended June 30, 2026 and 2025 are as follows:

 Three Months Ended
June 30, Six Months Ended
June 30,  2026  2025  2026  2025Growth capital expenditures:       Acquisition capital expenditures$13,150 $13,317 $22,882 $38,659McKean Landfill rail capital expenditures 2,893  800  4,476  800Other 8,114  5,981  13,039  8,073Growth capital expenditures 24,157  20,098  40,397  47,532Replacement capital expenditures:       Landfill development 14,574  5,122  16,516  7,262Vehicles, machinery, equipment and containers 25,068  28,970  52,056  50,172Facilities 5,136  9,735  7,647  12,678Other 3,374  2,478  5,672  4,234Replacement capital expenditures 48,152  46,305  81,891  74,346Capital expenditures$72,309 $66,403 $122,288 $121,878 (i)The Company's capital expenditures are broadly defined as pertaining to either growth or replacement activities. Growth capital expenditures are defined as costs related to development projects, organic business growth, and the integration of newly acquired operations. Growth capital expenditures include costs related to the following: 1) acquisition capital expenditures that are necessary to transition and upgrade acquired assets to Company operating standards and to achieve strategic synergies associated with integrating newly acquired operations, which can be considered, together with acquisition purchase price, as part of the initial overall investment in an acquired business; 2) McKean Landfill rail capital expenditures, which is unique and different from landfill construction investments in the normal course of operations because the Company is investing in long-term infrastructure; and 3) development of landfill permit expansions, investment in infrastructure to increase throughput at transfer stations and recycling and other processing facilities, capital expenditures for new equipment, such as trucks, containers or compactors, to support new contracts or other organic business growth, and other development projects in support of our growth strategies. Replacement capital expenditures are defined as landfill cell construction costs not related to expansion airspace, costs for normal permit renewals, replacement costs for equipment and other capital expenditures due to age or obsolescence, and capital items not otherwise defined as growth capital expenditures.

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Casella (CWST - Free Report) , which belongs to the Zacks Waste Removal Services industry, could be a great candidate to consider.

When looking at the last two reports, this provider of garbage-disposal and recycling services has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 68.18%, on average, in the last two quarters.

For the last reported quarter, Casella came out with earnings of $0.2 per share versus the Zacks Consensus Estimate of $0.1 per share, representing a surprise of 100.00%. For the previous quarter, the company was expected to post earnings of $0.22 per share and it actually produced earnings of $0.3 per share, delivering a surprise of 36.36%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for Casella lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Casella has an Earnings ESP of +34.54% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #1 (Strong Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 6, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Damian A. Ribar Named Executive Vice President and Chief Operating Officer; Shelley E. Sayward Promoted to Executive Vice President and General Counsel Damian A. Ribar Named Executive Vice President and Chief Operating Officer; Shelley E. Sayward Promoted to Executive Vice President and General Counsel

Executives from Casella Waste Systems (NASDAQ: CWST) outlined near-term leadership priorities, cost initiatives, acquisition plans, and landfill capacity developments during a Q&A session at a J.P. Morgan conference. CEO priorities center on safety, culture, and organizational alignment Chief Executive Officer Ned Coletta, who said he has been with the company for 21 years and previously served

Shares of Casella Waste Systems, Inc. (NASDAQ: CWST - Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $74.05 and last traded at $76.43, with a volume of 813726 shares. The stock had previously closed at $76.06. Analyst Upgrades and Downgrades Several equities analysts recently issued reports on

Posted by Defense World Staff on Apr 5th, 2026

SG Americas Securities LLC increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 103.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,268 shares of the industrial products company’s stock after purchasing an additional 12,334 shares during the quarter. SG Americas Securities LLC’s holdings in Casella Waste Systems were worth $2,377,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CWST. Smartleaf Asset Management LLC grew its position in Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after buying an additional 191 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. First Horizon Corp acquired a new position in shares of Casella Waste Systems in the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC raised its position in shares of Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Optiver Holding B.V. lifted its holdings in shares of Casella Waste Systems by 280.0% during the third quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 294 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth A number of equities analysts recently weighed in on the company. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Raymond James Financial reiterated a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a report on Monday, February 23rd. Barclays boosted their price target on shares of Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Weiss Ratings lowered shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Finally, Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the company a “buy” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.11.

Check Out Our Latest Analysis on CWST

Insider Activity at Casella Waste Systems In other news, CAO Kevin Drohan sold 675 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $92.61, for a total value of $62,511.75. Following the transaction, the chief accounting officer directly owned 7,462 shares of the company’s stock, valued at approximately $691,055.82. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bradford John Helgeson sold 405 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $87.73, for a total value of $35,530.65. Following the sale, the chief financial officer owned 7,342 shares of the company’s stock, valued at approximately $644,113.66. This represents a 5.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,830 shares of company stock valued at $1,454,208. Insiders own 3.81% of the company’s stock.

Casella Waste Systems Price Performance Shares of CWST opened at $87.18 on Friday. The business’s 50-day moving average is $93.34 and its 200-day moving average is $94.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 726.56 and a beta of 0.84. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $121.24.

Casella Waste Systems (NASDAQ:CWST – Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $469.06 million for the quarter, compared to the consensus estimate of $471.32 million. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Profile (Free Report)

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.

Further Reading Five stocks we like better than Casella Waste Systems

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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Casella (CWST - Free Report) , which belongs to the Zacks Waste Removal Services industry, could be a great candidate to consider.

This provider of garbage-disposal and recycling services has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 29.95%.

For the last reported quarter, Casella came out with earnings of $0.3 per share versus the Zacks Consensus Estimate of $0.22 per share, representing a surprise of 36.36%. For the previous quarter, the company was expected to post earnings of $0.34 per share and it actually produced earnings of $0.42 per share, delivering a surprise of 23.53%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Casella. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Casella currently has an Earnings ESP of +103.40%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on April 30, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Posted by Defense World Staff on Apr 27th, 2026

Comerica Bank trimmed its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,287 shares of the industrial products company’s stock after selling 182,270 shares during the quarter. Comerica Bank owned 0.58% of Casella Waste Systems worth $36,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CWST. Smartleaf Asset Management LLC increased its stake in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 191 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the period. First Horizon Corp acquired a new position in shares of Casella Waste Systems during the third quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Optiver Holding B.V. increased its stake in shares of Casella Waste Systems by 280.0% during the third quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 294 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In CWST has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings lowered shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Raymond James Financial restated a “strong-buy” rating and set a $115.00 target price on shares of Casella Waste Systems in a research report on Monday, February 23rd. Finally, Barclays upped their target price on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.00.

Get Our Latest Report on Casella Waste Systems

Insider Buying and Selling at Casella Waste Systems In other news, CAO Kevin Drohan sold 675 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $92.61, for a total value of $62,511.75. Following the sale, the chief accounting officer directly owned 7,462 shares in the company, valued at $691,055.82. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edmond Coletta sold 988 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.81, for a total transaction of $86,756.28. Following the completion of the sale, the chief executive officer owned 152,618 shares in the company, valued at $13,401,386.58. This represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,830 shares of company stock valued at $1,454,208 over the last three months. Company insiders own 3.81% of the company’s stock.

Casella Waste Systems Stock Performance Shares of CWST opened at $80.19 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average is $87.10 and its two-hundred day moving average is $93.28. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $121.24. The firm has a market capitalization of $5.09 billion, a P/E ratio of 668.31 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST – Get Free Report) last issued its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The company had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts predict that Casella Waste Systems, Inc. will post 1.15 earnings per share for the current fiscal year.

Casella Waste Systems Company Profile (Free Report)

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.

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Casella Waste Systems, Inc. (CWST) Q1 2026 Earnings Call Transcript

May 11, 2026 17:01 ET  | Source: Casella Waste Systems, Inc.

RUTLAND, Vt., May 11, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced that it has commenced the remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2014R-2 (collectively, the “Bonds”). The Bonds were issued pursuant to an Indenture dated as of December 1, 2014 (the “Indenture”) and drawn down on June 2, 2016. The Bonds have a final maturity date of December 1, 2044.

Pursuant to the Indenture, the interest rate period currently applicable to the Bonds is expiring on May 31, 2026, and accordingly, Casella expects that the Bonds will be subject to mandatory tender and will be remarketed on June 1, 2026 at a new interest rate for a new interest rate period commencing on June 1, 2026. The Bonds have been guaranteed by all or substantially all of Casella’s subsidiaries (the “Guarantors”), as required pursuant to the terms of the loan agreement pursuant to which the Issuer loaned the proceeds of the Bonds to Casella. The Bonds are not a general obligation of the Issuer and do not constitute an indebtedness of or a charge against the general credit of the Issuer. The Bonds are not a debt of the State of New York and are payable solely from amounts received from Casella and the Guarantors under the terms of the Indenture. The remarketing is expected to become effective on June 1, 2026.

The Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The interest rate period, interest rate, principal amount and timing of the remarketing of the Bonds will depend upon market conditions and other factors, and there can be no assurance that the remarketing will be completed. The Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor shall there be any sale of the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Safe Harbor Statement

Certain matters discussed in this press release, including, among others, the statements regarding the remarketing of the Bonds, are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “projects,” “will,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which Casella operates and management’s beliefs and assumptions. Casella cannot guarantee that the remarketing of the Bonds will be completed, that the Bond proceeds will be available or applied as expected, or that it will achieve the plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in Casella’s forward-looking statements. Such risks and uncertainties include or relate to, among other things: market conditions and Casella’s ability to consummate the remarketing of the Bonds, the receipt of all necessary consents and the satisfaction of all other closing conditions with respect to the remarketing of the Bonds, as well as additional risks and uncertainties detailed in Item 1A, “Risk Factors” in Casella’s Form 10-K for the fiscal year ended December 31, 2025 and in other filings that Casella periodically makes with the Securities and Exchange Commission. There can be no assurance that Casella will be able to complete the remarketing of the Bonds on the anticipated terms, or at all. Casella undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact

Investors:

Jason Mead

Senior Vice President of Finance & Treasurer

(802) 772-2293

Media:

Jeff Weld

Vice President of Communications

(802) 772-2234

http://www.casella.com

May 27, 2026 12:46 ET  | Source: Casella Waste Systems, Inc.

RUTLAND, Vt., May 27, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2014R-2 (collectively, the “Bonds”). The Bonds were issued pursuant to an Indenture dated December 1, 2014 (the “Indenture”) and drawn down on June 2, 2016. The Bonds have a final maturity date of December 1, 2044.

Pursuant to the Indenture, the interest rate period currently applicable to the Bonds expires on May 31, 2026, and accordingly, the Bonds are subject to mandatory tender on June 1, 2026. Casella expects that the Bonds will be remarketed on June 1, 2026 at a new interest rate of 4.300% per annum for a new interest rate period commencing on June 1, 2026 and ending on June 1, 2036. The remarketing is expected to become effective on June 1, 2026.

The Bonds are guaranteed pursuant to a Guaranty Agreement (the “Guaranty”) by all or substantially all of Casella’s subsidiaries (the “Guarantors”), as required pursuant to the terms of the loan agreement pursuant to which the Issuer loaned the proceeds of the Bonds to Casella. The Bonds are not a general obligation of the Issuer and do not constitute an indebtedness of or a charge against the general credit of the Issuer. The Bonds are not a debt of the State of New York, and are payable solely from amounts received from Casella under the terms of the Indenture and from the Guarantors under the Guaranty.

The Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor shall there be any sale of the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Safe Harbor Statement

Certain matters discussed in this press release, including, among others, the statements regarding the remarketing of the Bonds, are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “projects,” “will,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which Casella operates and management’s beliefs and assumptions. Casella cannot guarantee that the remarketing of the Bonds will be completed, that the remarketing proceeds will be available or applied as expected, or that it will achieve the plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in Casella’s forward-looking statements. Such risks and uncertainties include or relate to, among other things: market conditions and Casella’s ability to consummate the remarketing of the Bonds, the receipt of all necessary consents and the satisfaction of all other closing conditions with respect to the remarketing of the Bonds, as well as additional risks and uncertainties detailed in Item 1A, “Risk Factors” in Casella’s Form 10-K for the fiscal year ended December 31, 2025 and in other filings that Casella periodically makes with the Securities and Exchange Commission. There can be no assurance that Casella will be able to complete the remarketing of the Bonds on the anticipated terms, or at all. Casella undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact

Investors:

Jason Mead
Senior Vice President of Finance & Treasurer
(802) 772-2293

Media:

Jeff Weld
Vice President of Communications
(802) 772-2234
http://www.casella.com