Casella Waste Systems Posts Strong Q4 Earnings, Exceeding Expectations
RUTLAND, Vt. - Casella Waste Systems Inc. (CWST) reported earnings of $4.9 million and diluted net income per share of 8 cents for the fourth quarter of 2023. Excluding one-time items, adjusted earnings per share reached 41 cents.
These results surpassed Wall Street projections, as analysts surveyed by Zacks Investment Research had anticipated earnings of only 16 cents per share. Revenue for the quarter also exceeded expectations, totaling $427.5 million compared to analysts' estimate of $421.1 million.
For the full year, Casella reported annual profit of $13.5 million or 23 cents per share, with revenue reaching $1.56 billion.
The company projects full-year 2024 revenue to range between $1.78 billion and $1.81 billion.