Casella Waste Systems, Inc. (CWST) Earnings Call Transcripts

Casella Waste Systems, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Casella Waste Systems, Inc. (CWST:US) reported revenues of $457.3 million, reflecting a 9.6% year-over-year increase, driven by acquisitions and strong pricing. Adjusted EBITDA rose 12.3% to $97.1 million, with a margin expansion of 50 basis points. The company raised its full-year revenue guidance to a range of $2.06 billion to $2.08 billion, up $90 million, and adjusted EBITDA guidance to $473 million to $483 million, an increase of $18 million, indicating a positive outlook for the remainder of the year.

Reported metrics

Guidance from management

Casella raised its 2026 revenue guidance to $2.06 billion to $2.08 billion and adjusted EBITDA guidance to $473 million to $483 million, reflecting a positive outlook for the year ahead.

What management said

It's Brad. Yes, I think you should. We've always talked about over time. And as you said, there are puts and takes in any given quarter or year. But, generally, we like to get 50 basis points of recurring margin expansion in the base business over time. Given the, I'll call it, pent-up synergy opportunity in the Mid-Atlantic, it's been delayed by certain factors and the opportunities we see to start to get to the G&A...

Yes. Trevor, it's Brad. So our assumption for guidance purposes and external conversation is about 20% EBITDA margin. I mean it's broadly consistent with other acquisitions that we've acquired I think like with most or all of our acquisitions, we're going to seek to get those margins up materially over time. Given in particular, where Star fits into our existing business in the Greater Boston area, growth opportuniti...

What analysts pressed on

Analysts expressed concerns about the impact of rising fuel costs on margins and the potential for dilution from recent acquisitions. There were also questions regarding the sustainability of pricing power in light of competitive pressures and the economic environment.

Main topics on the call

• Revenue Growth — Casella reported revenues of $457.3 million, up 9.6% year-over-year, with $23.9 million attributed to acquisitions. Management stated, "Growth was driven by contributions from acquisitions and the base business with stro...
• Margin Expansion — Adjusted EBITDA margin improved by 50 basis points to 21.2%, with a 65 basis point expansion in the base business. Management noted, "We beat our budget, expanded margins by 65 basis points in the base business and fully...
• Acquisition Strategy — Casella completed four acquisitions in 2026, including Star Waste, which is expected to add approximately $100 million in annualized revenues. Management emphasized that acquisitions remain a key component of their growt...
• Guidance Update — The company raised its revenue guidance for 2026 to $2.06 billion to $2.08 billion and adjusted EBITDA guidance to $473 million to $483 million. This reflects an increase of $90 million and $18 million, respectively, fro...

Read the full Casella Waste Systems, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Casella Waste Systems, Inc. earnings call transcripts on record, spanning February 21, 2020 to August 7, 2026. Based on this history, Casella Waste Systems, Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CWST

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

33

First call

February 21, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly