Last $3.99 USD
Change Today +0.01 / 0.25%
Volume 148.9K
CWST On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 3:51 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

casella waste systems inc-a (CWST) Snapshot

Open
$3.99
Previous Close
$3.98
Day High
$4.04
Day Low
$3.85
52 Week High
01/6/14 - $5.89
52 Week Low
12/16/14 - $3.41
Market Cap
161.7M
Average Volume 10 Days
118.3K
EPS TTM
$-0.44
Shares Outstanding
39.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CASELLA WASTE SYSTEMS INC-A (CWST)

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casella waste systems inc-a (CWST) Details

Casella Waste Systems, Inc., together with its subsidiaries, operates as a regional, vertically-integrated solid waste, recycling, and resource management services company in the northeastern United States. It provides resource management services, primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers. The company offers a range of non-hazardous solid waste services, including collections, transfer stations, material recovery facilities, and disposal facilities. It also markets recyclable metals, aluminum, plastics, and paper and corrugated cardboard that are processed at its facilities, as well as recyclables purchased from third-parties. In addition, the company, through a joint venture interest in Casella-Altela Regional Environmental Services, LLC, owns and operates water and leachate treatment facility for the natural gas drilling industry in Pennsylvania, as well as involved in commodity brokerage operations. As of May 31, 2014, it owned and/or operated 35 solid waste collection operations, 42 transfer stations, 16 recycling facilities, 9 Subtitle D landfills, 4 landfill gas-to-energy facilities, and 1 landfill permitted to accept construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.

1,800 Employees
Last Reported Date: 06/27/14
Founded in 1975

casella waste systems inc-a (CWST) Top Compensated Officers

Chairman, Chief Executive Officer, Secretary ...
Total Annual Compensation: $504.9K
President and Chief Operating Officer
Total Annual Compensation: $428.1K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $311.7K
Senior Vice President and General Counsel
Total Annual Compensation: $294.7K
Chief Accounting Officer and Vice President o...
Total Annual Compensation: $187.7K
Compensation as of Fiscal Year 2014.

casella waste systems inc-a (CWST) Key Developments

Casella Waste Systems, Inc. Announces Pricing of $25.0 Million Aggregate Principal Amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds

Casella Waste Systems Inc. announced that it has priced the previously announced offering of $25.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds (Casella Waste Systems Inc. Project) Series 2014. An additional $15.0 million aggregate principal amount of EFC Solid Waste Disposal Revenue Bonds may be offered under the same indenture in the future. During the 5 year term interest rate period, the interest rate of the Bonds will be 3.75%. The Bonds will mature on December 1, 2044 and will be guaranteed by certain subsidiaries of Casella, pursuant to the terms of the Bond indenture. The issuance of the Bonds is expected to close on December 18, 2014. The Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended.

Casella Waste Systems Seeks Acquisitions

Casella Waste Systems Inc. (NasdaqGS:CWST) has filed a shelf registration in the amount of $250 million. Casella Waste Systems said, "We intend to use the net proceeds from the sale of any securities offered under this prospectus for general corporate purposes unless otherwise indicated in the applicable prospectus supplement. General corporate purposes may include the acquisition of companies or businesses, repayment and refinancing of debt, working capital and capital expenditures."

Casella Waste Systems Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2014; Reaffirms Earnings Guidance for the Year Ending December 31, 2015; Reaffirms Operating Guidance for the 8-Month Transition Period Ending December 31, 2014

Casella Waste Systems Inc. reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2014. For the quarter ended October 31, 2014, revenues were $141.3 million, up $9.0 million, or 6.8%, from the same quarter last year, with revenue growth mainly driven by higher disposal volumes, higher solid waste collection pricing, customer solutions growth, and acquisition activity. Operating income was $10.1 million for the quarter, up $0.6 million from the same quarter last year. Adjusted EBITDA was $30.7 million for the quarter, up $1.5 million from the same quarter last year. Excluding the impact of the closure of the Worcester landfill in early calendar year 2014, Adjusted EBITDA was up $2.5 million from the same quarter last year. he company's net income attributable to common stockholders was $0.3 million, or $0.01 per common share for the quarter ended October 31, 2014 compared to a net loss of $0.3 million, or $0.01 per common share, for the same quarter last year. Adjusted Operating income was $10,652,000 against $9,657,000 a year ago. Net cash provided by operating activities was $9,253,000 against $8,593,000 a year ago. Capital expenditures were $18,667,000 against $12,652,000 a year ago. Free cash flow negative was $10,727,000 against $4,903,000 a year ago. For the six months ended October 31, 2014, revenues were $282.7 million, up $21.8 million, or 8.4% from the same period last year. Operating income was $19.4 million, up $0.2 million, or 1.0% from the same period last year. The company's net loss attributable to common shareholders was $0.0 million, or $0.00 per common share for the six months ended October 31, 2014, compared to a net loss of $0.5 million, or $0.01 per common share for the same period last year. Net cash provided by operating activities was $22,834,000 against $28,119,000 a year ago. Additions to property, plant and equipment was $35,548,000 against $26,059,000 a year ago. Adjusted Operating income was $20,261,000 against $19,523,000 a year ago. Free cash flow was negative $14.8 million year-to-date. This decline was due to mainly 2 factors: one, the planned cash outflows associated with the capping and closure of the Worcester landfill; the final clean-up and site improvements at Maine Energy and BioFuels. The company reaffirmed its operating guidance for the 8-month transition period ending December 31, 2014 in the following categories: Revenues between $356.0 million and $366.0 million. Adjusted EBITDA expects between $71.0 million and $75.0 million. Capital expenditures expects between $52.0 million and $55.0 million. Free cash flow expects between negative $14 million and negative $17 million. In addition, the company reaffirmed guidance for its next full fiscal year, which will run from January 1, 2015 through December 31, 2015, by estimating results in the following ranges: Revenues between $520.0 million and $530.0 million; Adjusted EBITDA between $103.0 million and $107.0 million; and free cash flow between $14.0 million and $18.0 million. The company expects CapEx to be roughly 8% to 9% of revenues.

 

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