Casella Waste Systems, Inc. (CWST) Reports In-Line Q1 EPS, Reaffirms Guidance

Casella Waste Systems, Inc. (NASDAQ: CWST) reported Q1 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $141.4 million versus the consensus estimate of $132.93 million.

Outlook for the Transition Period 2014

After a solid start and better visibility, the company reaffirmed its operating guidance for the 8-month transition period ending December 31, 2014 in the following categories:

Revenues between $356.0 million and $366.0 million, as compared to $340.1 million for the 8-month period ended December 31, 2013.
Adjusted EBITDA between $71.0 million and $75.0 million, as compared to $72.1 million for the 8-month period ended December 31, 2013.

The company updated its Capital Expenditure guidance for its transition period 2014:

Capital Expenditures between $53.0 million and $57.0 million (including between $13.0 million and $17.0 million of capital associated with new contracts and infrastructure development), payments on operating leases of roughly $5.0 million, and capping, closure and environmental remediation payments of roughly $9.0 million.

For earnings history and earnings-related data on Casella Waste Systems, Inc. (CWST) click here.

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