Casella Waste Systems Investor Relations Overview of Recent Growth Initiatives

Casella Waste Systems has been actively pursuing growth initiatives to expand its services and reach. The company has invested in organic growth opportunities, such as expanding its recycling and composting capabilities.

One notable example is the acquisition of the former Allied Waste landfill in Barre, Vermont, which has increased Casella's recycling and composting capacity. This acquisition has also enabled the company to offer more comprehensive waste management services to its customers.

Casella has also been focusing on improving its operational efficiency and reducing costs. The company has implemented various cost-saving measures, including the installation of wind turbines at its facilities.

By investing in these growth initiatives, Casella is well-positioned to continue its growth trajectory and deliver value to its investors.

Casella Waste Systems reported a 0.7% increase in Q2 2020 revenues to $188.8 million.

This growth is a testament to the company's strong cost management and strategic acquisitions. Net income rose to $12.1 million, a 1.7% increase from Q2 2019.

COVID-19 had a minimal impact on overall revenue, with about 85% coming from stable sources. The company's ability to maintain revenue despite the pandemic is a significant achievement.

Adjusted EBITDA reached $44.0 million, an 8.9% rise from Q2 2019. This increase in profitability is a key driver of the company's growth.

The company expects 2020 revenues between $755 million and $770 million, down from 2019. This reduction in revenue is a consequence of a 12.4% dip in solid waste volumes.

Casella Waste Systems has a long history that dates back to 1975 when brothers John and Douglas Casella founded the company in Rutland, Vermont. They started small but have since grown into a sophisticated operation.

Their vertically integrated network of waste management sites, transfer stations, recycling centers, and landfills is the backbone of their business. This integration allows them to control costs, optimize logistics, and offer competitive pricing.

By capturing value at every link of the chain, from waste collection to disposal, Casella Waste Systems has been able to maximize efficiency and stay ahead of the competition.

Casella Waste Systems has been making significant strides in expanding its presence in the waste management industry. The company acquired Pinto Trucking Services, Inc. in Grand Island, New York, on October 1, 2020.

This acquisition is expected to generate approximately $4 million in annualized revenues. The deal is a testament to Casella's focus on vertical integration and growth potential in the Western New York market.

Casella has a robust acquisition pipeline, with a total of $21 million in annualized revenues generated through nine acquisitions year-to-date. This demonstrates the company's commitment to cash flow growth and strategic expansion.

The acquisition of Pinto Trucking Services, Inc. is a significant milestone in Casella's expansion efforts, and it will likely have a positive impact on the company's overall performance.

Rose Stuckey Kirk has joined Casella Waste Systems' Board of Directors, expanding the board to ten members.

Her appointment is effective July 31, 2020, bringing a wealth of leadership experience across various domains.

Ms. Kirk currently serves as the Chief Corporate Social Responsibility Officer at Verizon, a role that has likely informed her expertise in stakeholder engagement.

She will also join the Board's Compensation Committee, leveraging her expertise to contribute to the company's strategic direction.