Casella Waste Systems, Inc. (CWST) Misses Q2 EPS by 2c, Reaffirms Guidance
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Revenue Growth %: +30.0%
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Other expense, net: 9.58M
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Casella Waste Systems, Inc. (NASDAQ: CWST) reported Q2 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $141.3 million versus the consensus estimate of $140.41 million.
Outlook
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.
Adjusted EBITDA between $71.0 million and $75.0 million.
The company updated its Capital Expenditure guidance for its transition period 2014:
Capital Expenditures between $52.0 million and $55.0 million.
In addition, the company reaffirmed guidance for its next full fiscal year, which will run from January 1, 2015 through December 31, 2015, by estimating results in the following ranges:
Revenues between $520.0 million and $530.0 million;
Adjusted EBITDA between $103.0 million and $107.0 million; and
Free Cash Flow between $14.0 million and $18.0 million.
For earnings history and earnings-related data on Casella Waste Systems, Inc. (CWST) click here.
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