Casella Waste Systems, Inc. Revises Earnings Guidance for the Year Ending December 31, 2023
November 01, 2023 at 04:41 pm EDT
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Casella Waste Systems, Inc. revised earnings guidance for the year ending December 31, 2023. For the year 2023, the company expects revenues between $1.255 billion and $1.280 billion (raised from a range between $1.240 billion and $1.265 billion); Net income between $33 million and $39 million (updated from a range between $41 million to $47 million).
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.