The company will host a conference call to discuss these results on Friday, July 28, 2023, at 10:00 a.m. Eastern Time.
Key Points:
- The company will host a conference call to discuss these results on Friday, July 28, 2023, at 10:00 a.m. Eastern Time.
- Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details.
- The call will also be webcast; to listen, participants should visit the company’s website at http://ir.casella.com and follow the appropriate link to the webcast.
- A replay of the call will be available on the company’s website and accessible using the same link.
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Central Massachusetts RUTLAND, Vt., July 11, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), one of the largest recyclers and most experienced fully integrated resource management companies in the Eastern United States, recently honored six of its customers for their leadership in sustainability as part of Casella’s annual Sustainability Leadership Awards.
Key Points:
- RUTLAND, Vt., July 11, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), one of the largest recyclers and most experienced fully integrated resource management companies in the Eastern United States, recently honored six of its customers for their leadership in sustainability as part of Casella’s annual Sustainability Leadership Awards.
- The Casella Sustainability Leadership Awards represent innovation and commitment to creating a better tomorrow by showcasing each recipients’ sustainable material management practices.
- “We are thrilled to acknowledge and celebrate the sustainability achievements of these organizations with our 2023 Sustainability Leadership Awards,” said John W. Casella, Chairman and CEO of Casella.
- Boston University has entrusted Casella to help implement one of the country’s leading campus resource management and zero-waste strategies.
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Management Waga Energy and Casella Waste Systems, Inc.
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- Waga Energy and Casella Waste Systems, Inc.
Waga Energy signed a commercial agreement with Casella Waste Systems, Inc. to build and operate three Renewable Natural Gas (RNG) production units at landfills in the United States.
- Waga Energy (EPA: WAGA), a global expert in the production of renewable natural gas (RNG) from landfills, and Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company in the United States, announced the signing of a commercial agreement on July 10, 2023 to develop RNG projects at three Casella landfills.
- Casella and Waga Energy will share the revenue generated from the RNG units once operational.
- RNG, a key pilar for the energy transition, is a local, renewable and competitive energy that can substitute fossil-based fuels in transportation, industry and heating.
RUTLAND, Vt., July 10, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, and Waga Energy (EPA: WAGA), a global expert in the production of renewable natural gas (“RNG”) from landfills, announced the signing of a commercial agreement on July 10, 2023 to develop renewable natural gas facilities at three Casella landfills.
Key Points:
- RUTLAND, Vt., July 10, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, and Waga Energy (EPA: WAGA), a global expert in the production of renewable natural gas (“RNG”) from landfills, announced the signing of a commercial agreement on July 10, 2023 to develop renewable natural gas facilities at three Casella landfills.
- As part of the commercial agreement, Waga Energy will deploy the capital required to fully fund construction of the projects and will own and operate the RNG infrastructure.
- Casella and Waga Energy will share in the revenue generated from the RNG facilities once operational.
- Casella will receive from Waga Energy a royalty stream to supply landfill gas to the RNG facilities and the projects may be entitled to investment tax credits as part of the Inflation Reduction Act.
RUTLAND, Vt., July 03, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced that it completed the acquisition of the Pennsylvania, Delaware, and Maryland collection, transfer, and recycling operations of GFL Environmental Inc. (“GFL”) on June 30, 2023.
Key Points:
- RUTLAND, Vt., July 03, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, announced that it completed the acquisition of the Pennsylvania, Delaware, and Maryland collection, transfer, and recycling operations of GFL Environmental Inc. (“GFL”) on June 30, 2023.
- The purchase price of the acquisition was approximately $525 million and was funded through a combination of the company’s new $430 million Term Loan A under its existing senior secured credit facility and proceeds from the Company’s recent equity offering.
- The acquisition includes nine hauling operations, one transfer station, and one material recovery facility, and is expected to generate aggregate annualized revenues of approximately $185 million.
- Further, the acquisition provides strong strategic and financial benefits that are expected to augment Casella’s growth opportunities through an expansion into adjacent markets with solid waste operations that have similar attributes to its existing operations.
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Project H.A.M.M.E.R. 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.
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Incorporated The exercise of the underwriters’ option to purchase additional shares brought the total number of shares of Class A common stock sold by Casella in the offering to 6,052,631 and increased the aggregate gross proceeds from the offering to $517.5 million, before deducting underwriting discounts and offering expenses.
Key Points:
- The exercise of the underwriters’ option to purchase additional shares brought the total number of shares of Class A common stock sold by Casella in the offering to 6,052,631 and increased the aggregate gross proceeds from the offering to $517.5 million, before deducting underwriting discounts and offering expenses.
- Raymond James and Stifel acted as joint book-running managers for the offering.
- The offering was made only by means of the written prospectus and prospectus supplement that form a part of the registration statement.
- A final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC’s website.
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Incorporated RUTLAND, Vt., June 13, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today the pricing of an underwritten public offering of 5,263,158 shares of its Class A common stock at a public offering price of $85.50 per share, before offering discounts.
Key Points:
- RUTLAND, Vt., June 13, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today the pricing of an underwritten public offering of 5,263,158 shares of its Class A common stock at a public offering price of $85.50 per share, before offering discounts.
- The offering will result in aggregate gross proceeds of approximately $450.0 million to Casella, before deducting underwriting discounts and offering expenses.
- Casella also granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 789,473 shares of Class A common stock.
- All of the shares in the offering are to be sold by Casella.
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Twin Twin Bridges is a solid waste management company located in the greater Albany, New York market that provides residential, commercial, and industrial collection, transfer, and recycling processing services.
Key Points:
- Twin Bridges is a solid waste management company located in the greater Albany, New York market that provides residential, commercial, and industrial collection, transfer, and recycling processing services.
- We look forward to welcoming their hardworking employees to the Casella team, and we look forward to a smooth transition,” Casella said.
- Twin Bridges has high quality assets and operations that will compliment Casella’s operations and allow for additional opportunity for the internalization of waste and recyclables.
- Given the structure of the transaction, Casella expects to recognize cash tax benefits of approximately $61 million over a multi-year period.
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Incorporated RUTLAND, Vt., June 12, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today that it has commenced a proposed underwritten public offering of $400 million of its Class A common stock.
Key Points:
- RUTLAND, Vt., June 12, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today that it has commenced a proposed underwritten public offering of $400 million of its Class A common stock.
- Casella also intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the shares of its Class A common stock sold in the public offering.
- All of the shares in the offering are to be sold by Casella.
- The offering will be made only by means of the written prospectus and prospectus supplement that form a part of the registration statement.
