Casella Waste Systems falls 8% on earnings, revenue miss

Casella Waste Systems Inc (NASDAQ:CWST) has reported a decline in third quarter earnings and revenue, with adjusted earnings per share at $0.35 missing the analyst consensus of $0.42. Revenue reached $559.2 million, slightly below the $563.81 million estimate, though it marked a 15.2% increase from the previous year's $485.3 million.

The company's net loss for the quarter was -$7.0 million, contrasting with a net income of $10.0 million in the same period last year, due to an impairment charge from the termination of the Granite State landfill development project. Casella has raised its revenue guidance for fiscal year 2026 to a range of $2.100 billion to $2.110 billion, slightly above the analyst consensus of $2.103 billion.

The company's adjusted EBITDA guidance has narrowed to between $475 million and $481 million, while reaffirming adjusted free cash flow guidance of $200 million to $210 million.

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