Center for Resource Solutions

Casella Waste Systems, Inc. Announces Third Quarter 2023 Results and Updates Fiscal Year 2023 Guidance

Retrieved on: 
Wednesday, November 1, 2023

The Company raised its revenue, Adjusted EBITDA, and Adjusted Free Cash Flow guidance ranges, updated its net income guidance range and reaffirmed its net cash provided by operating activities guidance range for the fiscal year ending December 31, 2023 ("fiscal year 2023").

Key Points: 
  • The Company raised its revenue, Adjusted EBITDA, and Adjusted Free Cash Flow guidance ranges, updated its net income guidance range and reaffirmed its net cash provided by operating activities guidance range for the fiscal year ending December 31, 2023 ("fiscal year 2023").
  • The Company closed three acquisitions during the quarter, including the acquisition of Consolidated Waste Services, LLC and its affiliates (dba “Twin Bridges”) on September 1, 2023.
  • The Company raised guidance for fiscal year 2023 by estimating results in the following ranges:
    The Company reaffirmed certain guidance for fiscal year 2023 by estimating results in the following range:
    Net cash provided by operating activities between $231 million and $237 million.
  • The Company will host a conference call to discuss these results on Thursday, November 2, 2023 at 10:00 a.m. Eastern Time.

Hormel Foods Commits to Reducing Greenhouse Gas Emissions 50% by 2030

Retrieved on: 
Wednesday, October 4, 2023

AUSTIN, Minn., Oct. 4, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company known for its commitment to sustainability, recently had its greenhouse gas (GHG) reduction targets validated by the Science Based Targets initiative (SBTi). The company has committed to reduce absolute GHG emissions from its operations 50% by 2030 from a 2019 base year. Hormel Foods also commits to reduce absolute GHG emissions within its supply chain 27.5% within the same timeframe.

Key Points: 
  • The company has committed to reduce absolute GHG emissions from its operations 50% by 2030 from a 2019 base year.
  • Hormel Foods also commits to reduce absolute GHG emissions within its supply chain 27.5% within the same timeframe.
  • "We are proud to announce these ambitious targets to help fight climate change," said Tom Raymond, director of environmental sustainability at Hormel Foods.
  • The company has already taken a variety of measures to reduce greenhouse gas emissions, including its energy efficiency and reduction efforts.

Hormel Foods, Jennie-O Turkey Store Celebrate Completion of Latest Community Solar Project

Retrieved on: 
Wednesday, September 27, 2023

MONTEVIDEO, Minn., Sept. 27, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company known for its commitment to green power, celebrated the completion of an 8-acre solar field during a ribbon-cutting event Tuesday, Sept. 26 at its Jennie-O plant location in Montevideo, Minn.

Key Points: 
  • The project is projected to generate 3.2 million kilowatt hours (kWh) per year between the community solar and onsite solar projects.
  • The onsite solar portion of the project will supply approximately 10% of the plant's annual electricity, while the community solar portion of the project will provide Jennie-O team members, community members and businesses the opportunity to support green power and receive discounts on their energy bills.
  • "We are inspired to do our part to make the world a better place with the completion of this project," said Tom Raymond, director of environmental sustainability at Hormel Foods.
  • Additionally, Hormel Foods is an anchor-tenant in community solar projects in Illinois and now rural central Minnesota.

Hormel Foods Receives EPA Green Power Leadership and CRS Market Development Awards

Retrieved on: 
Wednesday, September 20, 2023

AUSTIN, Minn., Sept. 20, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company known for its corporate citizenship, announced today that it has received a 2023 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA) and the Market Development Award from the Center for Resource Solutions (CRS).

Key Points: 
  • For more than 20 years, the EPA's annual Green Power Leadership Awards have recognized America's leading green power users for their commitment to using renewable electricity and advancing the nation's green power market.
  • The EPA and CRS presented Hormel Foods with a Green Power Leadership and Market Development awards at the 2023 Renewable Energy Markets Conference on Sept. 19.
  • Hormel Foods was recognized for outstanding clean energy initiatives and impact on the green power market.
  • "The leadership at Hormel Foods implementing renewable electricity in their organization exemplifies the kind of impactful action that EPA wants to see consumers in the voluntary green power market take," said James Critchfield, EPA's Green Power Partnership program manager.

GetBlok Farms© Enters Renewable Energy Agreement with ENGIE

Retrieved on: 
Wednesday, September 20, 2023

ALIQUIPPA, Pa. and HOUSTON, Sept. 20, 2023 /PRNewswire/ -- GetBlok Farms© has entered into a two-year renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America (ENGIE).

Key Points: 
  • ALIQUIPPA, Pa. and HOUSTON, Sept. 20, 2023 /PRNewswire/ -- GetBlok Farms© has entered into a two-year renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America (ENGIE).
  • This renewable energy purchase includes Renewable Energy Credits (RECs) from the Priddy Wind Project (Mills County, Texas).
  • GetBlok Farms© will receive RECs to match the forecasted consumption for its hydroponics farm in West Aliquippa (PA).
  • The Green-e® certified RECs in this agreement are determined by the Center for Resource Solutions to be independently verified to represent the environmental benefits of one MWh of renewable energy.

Ampion Announces Green-e® Energy Certified Product, Ampion+, Providing ESG and Community Solar Benefits to Enterprise Customers

Retrieved on: 
Wednesday, September 6, 2023

Ampion Renewable Energy , a leading provider of community solar solutions, is proud to announce the launch of its new Green-e® Energy certified product, Ampion+.

Key Points: 
  • Ampion Renewable Energy , a leading provider of community solar solutions, is proud to announce the launch of its new Green-e® Energy certified product, Ampion+.
  • Ampion+ simplifies one important aspect of the ESG reporting puzzle,” said Vihann Kong, Senior Executive Director at Ampion.
  • Community solar allows electric utility customers to subscribe to a share of solar energy from nearby solar farms and save on their electricity costs.
  • “By bundling Green-e® Energy certified RECs with traditional community solar savings, Ampion is helping businesses streamline their renewable energy efforts.

Casella Drives Innovation in Recycling & Sustainability With Materials Recovery Facility Upgrade

Retrieved on: 
Tuesday, June 20, 2023

The facility upgrade is complete with state-of-the-art equipment aimed to help increase throughput, improve end-product quality, and enhance safety.

Key Points: 
  • The facility upgrade is complete with state-of-the-art equipment aimed to help increase throughput, improve end-product quality, and enhance safety.
  • The Charlestown MRF, owned and operated by Casella, is one of the largest recycling facilities in the country and accepts materials from many customers and communities throughout Massachusetts and the greater Boston area.
  • Casella invested approximately $20 million as part of the upgrade at the recycling facility.
  • “Since opening our first recycling facility in 1977, there has been a significant amount of innovation, technology, and change and we are proud to remain a leader in bringing that innovation to the marketplace,” said Casella Chairman and CEO, John W. Casella.

Casella Waste Systems, Inc. Announces First Quarter 2023 Results

Retrieved on: 
Thursday, April 27, 2023

First quarter financial results reflect strong solid waste performance driven by operating and pricing program execution.

Key Points: 
  • First quarter financial results reflect strong solid waste performance driven by operating and pricing program execution.
  • RUTLAND, Vt., April 27, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three month period ended March 31, 2023.
  • Net income was $3.5 million for the quarter, down $(0.7) million, or down (15.3)%, from the same period in 2022.
  • The Company completed the acquisition of a solid waste collection and transfer station company with approximately $12 million of annualized revenues on April 3, 2023.

Casella Waste Systems, Inc. Announces Fourth Quarter and Fiscal Year 2022 Results and Provides Fiscal Year 2023 Guidance

Retrieved on: 
Thursday, February 16, 2023

The Company also provided guidance for the fiscal year ending December 31, 2023 ("fiscal year 2023").

Key Points: 
  • The Company also provided guidance for the fiscal year ending December 31, 2023 ("fiscal year 2023").
  • Net income was $53.1 million for fiscal year 2022, up $12.0 million, or up 29.1%, from fiscal year 2021.
  • Adjusted EBITDA was $245.2 million for fiscal year 2022, up $41.7 million, or up 20.5%, from fiscal year 2021.
  • Net cash provided by operating activities was $217.3 million for fiscal year 2022, up $34.6 million, or up 18.9%, from fiscal year 2021.

Montclair State University Announces Renewable Energy Commitment

Retrieved on: 
Wednesday, February 8, 2023

MONTCLAIR, N.J., Feb. 8, 2023 /PRNewswire/ -- Montclair State University, a leading institution of higher education in New Jersey,  today announced a retail renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America Inc.

Key Points: 
  • MONTCLAIR, N.J., Feb. 8, 2023 /PRNewswire/ -- Montclair State University, a leading institution of higher education in New Jersey,  today announced a retail renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America Inc.
  • The contract extends through 2025 under which Montclair State University will purchase Green-e™ certified Renewable Energy Credits (RECs) from wind, solar and hydro projects across the U.S.
  • "Montclair State University is committed to serving the public good by utilizing the latest in sustainable technologies and practices," said Vice President for University Facilities Shawn Connolly.
  • RECs provide renewable energy developers with an additional revenue stream and support financing of renewable energy projects.