Casella Waste Q1 revenue beats estimates, raises 2026 outlook

Casella Waste Systems

30/04/2026 21:24

Overview

US solid waste services firm's Q1 revenue rose 9.6%, slightly beating analyst expectations

Q1 adjusted EPS and adjusted EBITDA both beat analyst expectations

Company raised 2026 guidance for revenue, adjusted EBITDA, and adjusted free cash flow after acquisitions

Outlook

Company raised 2026 revenue guidance to $2.06 bln-$2.08 bln from $1.97 bln-$1.99 bln

Company now sees 2026 Adjusted EBITDA at $473 mln-$483 mln, up from $455 mln-$465 mln

Company lowered 2026 net income outlook to $4 mln-$10 mln from $16 mln-$22 mln

Result Drivers

ACQUISITIONS - Revenue growth was mainly driven by the positive impact from acquisitions, including the rollover contribution from deals closed in prior periods and the Star Waste acquisition

PRICING GAINS - Solid waste pricing increased 5.1% year-over-year, with collection price up 5.3% and disposal price up 4.7%

FUEL RECOVERY FEES - Floating fuel recovery fees fully offset the rapid rise in fuel costs across legacy operations

Company press release: ID:nGNX7npYqD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$457.30 mln
$454.57 mln (10 Analysts)
Q1 Adjusted EPS
Beat
$0.20
$0.10 (11 Analysts)
Q1 Adjusted Net Income
Beat
$12.80 mln
$6.18 mln (7 Analysts)
Q1 Net Income
-$5.50 mln
Q1 Adjusted EBITDA
Beat
$97.10 mln
$94.82 mln (11 Analysts)
Q1 Operating income
$4.90 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for Casella Waste Systems Inc is $114.50, about 46.6% above its April 29 closing price of $78.11

The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 73 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)