Casella Waste Systems Reports Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/CWST'>Casella Waste Systems, Inc. (NASDAQ:CWST) </a>reported its Q4 results, with both EPS and revenues of $0.21 and $241.8 million coming in better than the consensus estimates of $0.18 and $230.35 million, respectively.</p>
<p>These were a good set of results with the company maintaining margins amid high inflation and continuing to execute on its pricing strategy. Looking ahead, the company has permitted capacity in the Northeast which it expects to begin to bring online in 2023/24, as disposal capacity continues to be problematic for the region.</p>
<p>Management said it is increasing solid waste pricing by 4.5%-5% in 2022, which it believes will offset its internal inflation rate of around 4%. The company noted it has room to further increase pricing with around 70% of collection customers to combat an acceleration in inflation if necessary. As a result, it expects operational initiatives to drive approximately 40bp of EBITDA margin expansion in 2022.</p>
<p>The company expects full 2022-year revenues to range from $980 million to $995 million, compared to the consensus estimate of $970.4 million.</p>

NASDAQ:CWST