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Casella Waste Systems, Inc. Announces Fourth Quarter and Fiscal Year 2020 Results and Provides Fiscal Year 2021 Guidance Nasdaq:CWST

(MENAFN - GlobeNewsWire - Nasdaq) RUTLAND, Vt., Feb. 18, 2021 (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 twelve month periods ended December 31, 2020. The Company also provided guidance for the fiscal year ending December 31, 2021 ( fiscal year 2021 ).
Highlights for the Three and Twelve Months Ended December 31, 2020:
Revenues were $200.2 million for the quarter, up $6.6 million, or up 3.4%, from the same period in 2019. Revenues were $774.6 million for the twelve months ended December 31, 2020 ( fiscal year 2020 ), up $31.3 million, or up 4.2%, from the fiscal year ended December 31, 2019 ( fiscal year 2019 ). ....

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Casella Shows Resiliency in Q4, Looks Forward to 2021

Casella
Casella Waste Systems Inc. (CWST) presented its Q4 2020 financial results as well as figures for the fiscal year ended December 31, 2020.
The company cited the resiliency of its business model and systems enhancements for its ability to respond to sales trends and market changes while executing its long-term growth strategy.
Volumes further rebounded in Q4 as commercial customers reopened, construction activity returned and economic activity moved in a positive direction for Casella’s secondary and rural markets in the Northeast.
This year was unprecedented in our strong performance and execution highlights the resiliency of our business, along with a courage, dedication and tenacity of our 2500 employees, said John Casella, chairman and CEO. ....

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Casella moving ahead with multiple Northeast landfill expansions as capacity tightens

Dive Brief:
Casella Waste Systems is continuing plans to expand its disposal capacity in the Northeastern U.S. to take advantage of a tightening market and anticipated price escalation in the region.
During its fourth quarter earnings call on Friday, CEO John Casella said the company plans to pursue new permit approvals to further activate its McKean Landfill in Pennsylvania. The upcoming closure of the Materials Innovation and Recycling Authority (MIRA) refuse-derived fuel facility in Connecticut is one factor that could put pressure on the regional disposal market, he said.
The company is also moving forward with other landfill expansions in the region, including ongoing development of the latest expansion at its Waste USA site in Vermont and bump up capacity at its Hyland site in New York from almost 470 tons a year to about 1 million tons. ....

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Casella Waste reports increase in revenues and net income for FY20

Related Company:
Financial results exceeded expectations, with strong operating execution, real-time cost controls and disciplined cash flow management.
Vermont Business Magazine 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 12-month periods ended December 31, 2020. The Company also provided guidance for the fiscal year ending December 31, 2021.
Highlights for the Three and Twelve Months Ended December 31, 2020:
Revenues were $200.2 million for the quarter, up $6.6 million, or up 3.4%, from the same period in 2019. Revenues were $774.6 million for the twelve months ended December 31, 2020, up $31.3 million, or up 4.2%, from the fiscal year ended December 31, 2019. ....

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