Casella Waste Systems (NASDAQ: CWST) reported Q2 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $154 million versus the consensus estimate of $150.18 million.

Outlook

Given the Company's strong pricing and operational performance during the first six months of the year and increased visibility into the remainder of the year, the Company indicated that it expects its revenue, Adjusted EBITDA, and Normalized Free Cash Flow results to be towards the upper-end of its previously announced guidance ranges for the fiscal year ending December 31, 2017. The estimated ranges are as follows:

• Revenues between $577 million and $587 million;
• Adjusted EBITDA between $124 million and $128 million; and
• Normalized Free Cash Flow between $32 million and $36 million.

Highlights for the Three Months Ended June 30, 2017:

• Revenues were $154.0 million for the quarter, up $9.3 million, or 6.5%, from the same period in 2016.
• Net loss was $(53.7) million for the quarter, as compared to net income of $5.2 million for the same period in 2016. The Company recognized a $64.1 million Southbridge landfill closure charge during the quarter.
• Adjusted Net Income (Loss) Attributable to Common Stockholders* was $10.8 million for the quarter, as compared to $5.8 million for the same period in 2016.
• Adjusted EBITDA was $36.1 million for the quarter, up $1.3 million, or 3.7%, from the same period in 2016.
• Operating loss was $(47.3) million for the quarter, as compared to operating income of $15.6 million for the same period in 2016.
• Adjusted Operating Income* was $16.8 million for the quarter, up $1.2 million, or 7.9%, from the same period in 2016.
• Overall solid waste pricing for the quarter was up 2.6%, driven by strong landfill pricing up 3.0% and robust residential and commercial collection pricing up 3.0%.

GUIDANCE:

Casella Waste Systems sees Q3 2017 revenue of $577-587 million, versus the consensus of $585.87 million.

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