CWST - Casella Waste Systems: I Am Still Buy Rated As EBITDA Growth Outlook Remains Bright
2024-05-14 03:36:09 ET
Summary
- Casella Waste Systems reported 1Q24 earnings with revenue growth of ~30% and organic growth of 3.6%.
- Weak volume performance in 1Q24 was driven by non-structural factors and is not indicative of weaker construction activity.
- CWST's strong execution on M&A integration, sustained pricing momentum, and volume recovery support continued EBITDA growth into FY25.