Casella Waste Systems Inc. Provides Earnings Guidance for the Eight Months Transition Period and Twelve Months Period Ended December 31, 2014
February 06, 2015 at 02:14 pm
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Casella Waste Systems Inc. provided earnings guidance for the eight months transition period and twelve months period ended December 31, 2014. The company reported that the revenues are expected to be approximately $368.4 million for transition period 2014, as compared to the previously disclosed guidance range of between $356.0 million and $366.0 million for the same period, and as further compared to revenues of $340.1 million for the eight months ended December 31, 2013. Adjusted EBITDA is expected to be between approximately $74.0 million and $75.0 million for transition period 2014, as compared to the previously disclosed guidance range of between $71.0 million and $75.0 million for the same period, and as further compared to Adjusted EBITDA of $73.0 million for the eight months ended December 31, 2013. Capital expenditures are expected to be approximately $55.0 million for transition period 2014, as compared to the previously disclosed guidance range of between $52.0 million and $55.0 million for the same period.
The company reported that the revenues are expected to be approximately $525.9 million for the 12 months ended December 31, 2014. Adjusted EBITDA is expected to be between approximately $96.0 million and $97.0 million for the 12 months ended December 31, 2014. Free cash flow is expected to be between approximately ($10.2) million and ($9.2) million for the 12 months ended December 31, 2014.
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. The Company manages its solid waste operations on a geographic basis through three regional operating segments: the Eastern, Western and Mid-Atlantic regions. It manages its resource renewal operations through the Resource Solutions operating segment, which leverages its core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver a solution for its commercial, municipal, institutional and industrial customers. It operates approximately 64 solid waste collection operations, 71 transfer stations, 29 recycling and processing facilities, eight Subtitle D landfills, three landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials. It provides integrated solid waste services in Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine, Pennsylvania, Delaware and Maryland.