RUTLAND, Vt., July 16, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company, has been named to Time’s “America’s Best Mid-Size Companies 2024” list. Casella was the only company in the waste, recycling, and resource management services industry—and the only company headquartered in Vermont—to be recognized among the list of 500. America's Best Mid-Size Companies 2024 were identified based on three dimensions using mor ...

文章核心观点 - 该公司被评选为"2024年美国最佳中型公司"之一 [1][2] - 这是该行业内唯一获此殊荣的公司,也是唯一一家总部位于佛蒙特州的公司 [2] - 评选标准包括员工满意度、收入增长和可持续发展透明度 [3][4] 公司概况 - 公司成立于1975年,最初只有一辆垃圾收集车,现已发展成为东部地区最大的回收商和最有经验的全面资源管理公司之一 [9] - 公司为超过100万个住宅、商业、市政、机构和工业客户提供固体废物收集和处理、转运、回收和有机服务,并在40多个州提供专业的资源管理服务 [9] 员工发展 - 公司高度重视员工满意度,近年来大量投资于员工培训、安全、招聘和留存等方面 [5][6][7] - 2020年成立CDL驾驶培训学校,已培训300多名新司机,并持续加大对机械技工、一线管理人员等关键岗位的投资 [6][7] - 公司将安全和员工流失率指标纳入年度激励计划,并在首年就超额完成了这些目标 [7] 可持续发展 - 公司将员工满意度和可持续发展透明度作为关键评判指标之一 [5][8] - 公司认为员工是最大的竞争优势,只有让员工满意,他们才能更好地为客户服务,从而推动公司的增长和财务成功 [8]

RUTLAND, Vt., July 08, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended June 30, 2024 after the market closes on Thursday, August 1, 2024. The company will host a conference call to discuss these results on Friday, August 2, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain ...

RUTLAND, Vt., July 08, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended June 30, 2024 after the market closes on Thursday, August 1, 2024. The company will host a conference call to discuss these results on Friday, August 2, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain ...

RUTLAND, Vt., June 05, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, has been named to USA Today's "America's Climate Leaders 2024" list for the second consecutive year. The list recognizes the top 450 companies across the United States that have achieved the greatest reduction in their operational emissions intensity between 2020 and 2022 — a measure of the amount of Scope 1 and 2 greenhouse gases a company pr ...

RUTLAND, Vt., June 05, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company, has been named to USA Today’s “America’s Climate Leaders 2024” list for the second consecutive year. The list recognizes the top 450 companies across the United States that have achieved the greatest reduction in their operational emissions intensity between 2020 and 2022 — a measure of the amount of Scope 1 and 2 greenhouse gases a company p ...

RUTLAND, Vt., May 21, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, is pleased to announce that four drivers were recently honored by the National Waste & Recycling Association (NWRA) as part of its annual Drivers and Operators of the Year program. Casella drivers swept the regional category, as Curtis Rhodes (Commercial), Shawn Dutton (Residential), and John Michaud (Industrial) were each named the top driver ...

RUTLAND, Vt., May 21, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, is pleased to announce that four drivers were recently honored by the National Waste & Recycling Association (NWRA) as part of its annual Drivers and Operators of the Year program. Casella drivers swept the regional category, as Curtis Rhodes (Commercial), Shawn Dutton (Residential), and John Michaud (Industrial) were each named the top driver ...

Makiko Tanigawa Summary Following my coverage on Casella Waste Systems (NASDAQ:CWST) in Feb’24, which I recommended a buy rating due to my expectation that CWST could beat consensus FY25 estimates given the visible catalyst ahead, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for CWST stock, believing that EBITDA growth can continue at the current trend into FY25, supported by sustained pricing momentum, cost savings from M&A integrations, and volume r ...

财务数据和关键指标变化 - 公司第一季度收入达3.41亿美元,同比增长29.9%,其中收购带来的增长为69百万美元,有机增长为9.4百万美元或3.6% [32] - 固体废弃物业务收入同比增长36.4%,其中收购带来的增长为33.9%,价格上涨5.5%,体量下降2.8% [32] - 处置业务收入同比下降2.6%,填埋场价格上涨4.7%,填埋场吨位下降12.4% [34] - 资源解决方案业务收入同比增长11%,价格上涨9.2%,收购带来4.4%的增长 [35] - 调整后EBITDA为7100万美元,同比增长40.2%,其中收购带来15.9百万美元,有机增长4.5百万美元或8.8% [37] - 调整后EBITDA利润率为20.8%,同比提升150个基点 [38] 各条业务线数据和关键指标变化 - 固体废弃物业务调整后EBITDA为6480万美元,同比增长15.3百万美元,主要得益于收购、强劲的定价和公司的经营举措 [37] - 资源解决方案业务调整后EBITDA为620万美元,同比增长5.1百万美元,主要得益于波士顿MRF改造的效果、回收商品价格上涨和收购 [37] - 收集业务调整后EBITDA利润率同比提升200个基点,不包括收购 [22] 各个市场数据和关键指标变化 - 填埋场MSW吨位同比增长1.7%,但C&D吨位持续疲软,预计未来几个季度仍将如此 [34] - 填埋场平均价格同比上涨13.3%,反映了废弃物流向的改变,公司更加注重价格和保护有价值的空间 [34] 公司战略和发展方向及行业竞争 - 公司继续专注于收购整合,已完成7笔收购,年化收入达3.15亿美元,整合工作进展顺利 [55][56][57][58][59] - 公司在中大西洋地区的团队正在执行良好的运营和效率计划,已安装55辆车载电脑,并订购17辆自动侧装车 [56][57] - 公司计划在2024年中期在Juniper Ridge填埋场投运首个RNG项目,并在2025年下半年再投运2-3个RNG项目 [61][62] - 公司正在建设McKean填埋场的铁路卸载基础设施,预计2024年中期投运,初期日处理能力5000吨 [63][64] - 公司看好未来的收购机会,目前管线约8亿美元潜在收入,主要集中在中大西洋地区的收集和资源解决方案业务 [59][126][127] 管理层对经营环境和未来前景的评论 - 管理层认为公司业务表现出色,第一季度收入和调整后EBITDA分别同比增长29.9%和40.2% [13][37] - 管理层认为公司的核心经营策略奏效,为未来增长和业绩表现奠定了良好基础 [29] - 管理层对公司未来发展前景充满信心,看好公司的有机发展项目和收购管线 [28][29] 问答环节重要的提问和回答 问题1 **Michael Hoffman 提问** 公司在传统市场的填埋场动态是否会影响第三方收集商的选择,是否会有更多吨位转移到其他处理渠道 [71][72][73][74] **Ned Coletta 回答** 公司会保持谨慎和纪律,不会盲目追求吨位,而是专注于创造价值。公司正在投资McKean填埋场的铁路卸载设施,为未来提供更多灵活性和处理能力 [73][74][75][76] 问题2 **Adam Bubes 提问** 公司未来利润率提升的主要驱动因素是什么,除了价格成本差外,生产效率提升、路径优化、后台效率等方面还有多大潜力 [106][107][108][109][110][111][112] **Ned Coletta 回答** 公司在车队自动化、路径优化等方面仍有很大提升空间,预计未来几年每年可带来数百万美元的成本节约。后台效率提升也是一个重点,新任CIO正在推进相关工作 [109][110][111][112][113][114] 问题3 **Tony Bancroft 提问** 公司是否考虑进行更大规模的战略转型,进入新的业务领域 [141][142][143] **Brad Helgeson 回答** 公司目前的重点是在现有业务模式内创造更多价值,不会偏离现有主营业务。公司将继续专注于通过收购整合等方式,在现有业务领域实现进一步增长 [142][143]