ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CWST Stock Price » CWST Stock News

Casella Waste Systems Share News

 Casella Waste Systems (mm) Stock Price
CWST Stock Price
 Casella Waste Systems (mm) Stock Chart
CWST Stock Chart
 Casella Waste Systems (mm) Stock News
CWST Stock News
 Casella Waste Systems (mm) Company Information
CWST Company Information
 Casella Waste Systems (mm) Stock Trades
CWST Stock Trades

Casella Waste 2Q Loss Unexpectedly Narrows; Revenue Tops Views

DOW JONES NEWSWIRES Casella Waste Systems Inc. (CWST) said Wednesday its fiscal second-quarter loss unexpectedly narrowed on revenue that also topped views. The Northeast-focused trash-hauling company had particularly strong results in its landfill business, where tonnage was up 16%, according to Chairman and Chief Executive John W. Casella. The company also reported its solid-waste volume was a significant contributor to revenue growth and that prices for recycled commodities improved as well. Casella Waste Systems's business fundamentals have improved in recent quarters, with the volumes and recycled-commodities prices strengthening, although it has posted losses for seven straight quarters. To cope, the company has cut workers, increased prices and reduced capital expenditures. It also has been easing its debt load. Like other trash haulers, Casella's gross margin has been a weak spot lately, declining to 34.1% from 35.1% in the most recent period. Competitors Republic Services Inc. (RSG) and Waste Management Inc. (WM) reported narrowed margins in their latest quarters, though earnings still rose. For the quarter ended Oct. 31, Casella posted a loss of $1.2 million, or 4 cents a share, compared with a year-earlier loss of $1.6 million, or 6 cents a share. Revenue increased 5.9% to $141 million. Analysts surveyed by Thomson Reuters had predicted an 8-cent loss on revenue of $139 million. Shares of Casella, which affirmed its revenue guidance for the year, closed Wednesday down 2.4% at $4.45 despite a wide market climb and weren't active after hours. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291;

Stock News for Casella Waste Systems (CWST)
02/15/201715:12:58Amended Statement of Ownership (sc 13g/a)
02/15/201707:00:00Gabelli & Company’s Waste & Environmental Services Symposium
02/13/201707:49:54Amended Statement of Ownership (sc 13g/a)
02/07/201717:06:21Current Report Filing (8-k)
02/03/201715:01:01Amended Statement of Ownership (sc 13g/a)
01/30/201709:58:31Casella Waste Systems, Inc. to Host Conference Call on Its Fourth...
01/26/201713:59:25Current Report Filing (8-k)
01/26/201712:24:11Casella Waste Systems, Inc. Announces Pricing of Remarketed FAME...
01/23/201714:18:31Amended Statement of Ownership (sc 13g/a)
01/10/201716:40:36Current Report Filing (8-k)
01/10/201716:05:00Casella Waste Systems, Inc. Announces Remarketing of FAME Solid...
12/05/201616:30:13Statement of Changes in Beneficial Ownership (4)
12/02/201616:20:52Statement of Changes in Beneficial Ownership (4)
11/25/201616:20:17Statement of Changes in Beneficial Ownership (4)
11/22/201617:11:32Current Report Filing (8-k)
11/18/201616:50:29Statement of Changes in Beneficial Ownership (4)
11/18/201616:49:35Statement of Changes in Beneficial Ownership (4)
11/18/201616:49:10Statement of Changes in Beneficial Ownership (4)
11/18/201616:48:45Statement of Changes in Beneficial Ownership (4)
11/18/201616:47:52Statement of Changes in Beneficial Ownership (4)

Casella Waste Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations