Casella Waste Systems, Inc. Announces Preliminary Earnings Guidance for the Fiscal Year Ending December 31, 2018
January 22, 2019 at 04:18 pm
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Casella Waste Systems, Inc. announced preliminary earnings guidance for the fiscal year ending December 31, 2018. For the period, the company expects revenues to be between $660.2 million and $661.2 million as compared to previously announced guidance range of $642 million to $652 million. Net income is estimated to be between $7.2 million and $7.8 million for fiscal year 2018.
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. The Company manages its solid waste operations on a geographic basis through three regional operating segments: the Eastern, Western and Mid-Atlantic regions. It manages its resource renewal operations through the Resource Solutions operating segment, which leverages its core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver a solution for its commercial, municipal, institutional and industrial customers. It operates approximately 64 solid waste collection operations, 71 transfer stations, 29 recycling and processing facilities, eight Subtitle D landfills, three landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials. It provides integrated solid waste services in Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine, Pennsylvania, Delaware and Maryland.