|Over a month ago|
Casella Waste raises FY20 revenue view to $760M-$775M from $755M-$770M » 16:4210/2910/29/20
Consensus $770.18M. "Given our strong execution during the third quarter, combined with increased visibility of the negative volume and cost impacts of the COVID-19 pandemic, we are raising our financial guidance ranges for fiscal year 2020," Casella said. "There are still many variables outside of our control, such as new waves of COVID-19, additional stay-at-home orders and impacts on the economy as the Federal stimulus programs run their course. However, our team has remained nimble in this rapidly changing environment and continues to flex operating costs and drive operating efficiencies to offset lower volumes or other headwinds."
Casella Waste reports Q3 EPS 31c, consensus 29c » 16:4110/2910/29/20
Reports Q3 revenue…
Reports Q3 revenue $202.67M, consensus $200.59M. "I remain extremely proud of our 2,500 dedicated employees, especially our frontline team members who have worked hard during this challenging time to effectively service our customers while maintaining our high safety and environmental standards," said John Casella, chairman and CEO of Casella Waste Systems. "As an essential services provider, we have continued to operate effectively through this period and our number one priority has been, and will continue to be, keeping our people and the communities where we operate safe and healthy."
Casella Waste 2.35M share Spot Secondary priced at $56.00 » 09:1310/2110/21/20
The deal range was…
The deal range was $56.00-$58.00. Raymond James and BofA acted as joint book running managers for the offering.
Fly Intel: After-Hours Movers » 18:5810/2010/20/20
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Casella Waste announces offering of 2.35M shares of Class A common stock » 16:0310/2010/20/20
Casella Waste Systems…
Casella Waste Systems announced that it has commenced a proposed underwritten public offering of 2.35M shares of its Class A common stock. Casella intends to use the net proceeds from the offering for general corporate purposes, including potential acquisitions or development of new operations or assets with the goal of complementing or expanding its business, working capital and capital expenditures. Raymond James and BofA Securities will act as joint book-running managers for the offering.
Casella Waste initiated with a Buy at Berenberg » 07:0410/1510/15/20
Berenberg analyst Alexander Leach initiated coverage of Casella Waste with a Buy rating and $73 price target. He likes the U.S. waste-management sector for its regulatory barriers, localized markets and contractually recurring revenue, Leach tells investors. For the publicly-traded names in the group, established market positions are entrenched, pricing is typically strong and continually increasing waste is a long-term secular driver, the analyst added.
Casella Waste announces Shelley Sayward to assume General Counsel role » 16:0710/1410/14/20
Casella Waste Systems…
Casella Waste Systems announced that after 14 years as the Company's General Counsel, David L. Schmitt plans to retire on December 31. Shelley E. Sayward, currently Casella's Vice President and Assistant General Counsel, will assume the General Counsel role effective January 1, 2021.
Casella Waste announces permit expansion at North Country site » 16:0510/1410/14/20
Casella Waste Systems…
Casella Waste Systems announced that the New Hampshire Department of Environmental Services, NHDES, issued a permit modification to expand the Company's North Country Environmental Services,NCES, landfill to increase its permitted disposal capacity by approximately 1.24 million cubic yards of airspace. This expansion will provide approximately six years of additional disposal capacity at the site located in Bethlehem, New Hampshire. "We are pleased to receive this increase to our permitted capacity at our NCES landfill," said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. "With this meaningful permit issuance, we believe we are well positioned to continue to meet the disposal and resource management needs of our customers and New Hampshire." The disposal capacity allows Casella to continue to provide its vertically integrated service to more than 50,000 commercial and residential customers in over 150 communities across the state. The continued operation of the NCES landfill will make a significant contribution to New Hampshire's economy and provide an economical in-state disposal option.
Fly Intel: Pre-market Movers » 09:0810/0210/02/20
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Casella Waste acquires Pinto Trucking Services » 07:5910/0210/02/20
Casella Waste announced…
Casella Waste announced that it acquired the assets of Pinto Trucking Services. Pinto is a provider of residential, commercial and roll-off collection services in the Grand Island and Buffalo, New York market. The company expects to generate approximately $4M of annualized revenues from the Pinto acquisition.