Every material Form 8-K Casella Waste Systems has filed with the SEC since September 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Casella Waste Systems reported second-quarter 2026 revenue of $543.7 million, up 16.9% from a year earlier, driven by acquisitions, pricing and landfill volumes. GAAP net income fell to $3.8 million, and the company lowered its full-year 2026 net income guidance while raising its revenue guidance.
Q2 2026 revenues were $543.7 million, up $78.4 million, or 16.9%, from the same period in 2025.
Q2 net income was $3.8 million, down 27.6% from $5.2 million; Adjusted EBITDA was $123.2 million, up 12.5%.
Fiscal 2026 revenue guidance was raised to $2.090 billion to $2.110 billion from $2.060 billion to $2.080 billion.
Fiscal 2026 net income guidance was lowered to $0 to $6 million from $4 million to $10 million; Adjusted EBITDA guidance of $473 million to $483 million was reaffirmed.
Casella Waste Systems appointed Damian A. Ribar as executive vice president and chief operating officer, with employment expected to start July 20, 2026. He previously served as a division vice president at Waste Connections, most recently in North Florida, from August 2025 until July 2026.
Appointment approved by the Board on June 26, 2026; Ribar accepted the offer letter on June 27, 2026
Base salary of $500,000, with a cash bonus of up to 85% of base salary
Expected annual equity awards: restricted stock units with a $200,000 grant date value and performance stock units with a $600,000 grant date value
One-time option grant for 25,000 Class A shares, granted after second quarter 2026 earnings are announced
Casella Waste Systems reported first-quarter 2026 revenue of $457.3 million, up 9.6% from a year earlier, and adjusted EBITDA of $97.1 million, up 12.3%, while its net loss widened to $5.5 million from $4.8 million. The company raised its fiscal 2026 guidance for revenue, adjusted EBITDA and adjusted free cash flow, citing acquisitions, but lowered its net income estimate to $4 million to $10 million from $16 million to $22 million.
Q1 2026 revenue was $457.3 million, up $40.2 million from the same period in 2025; net loss was $5.5 million versus $4.8 million a year earlier.
Adjusted EBITDA was $97.1 million, up 12.3%; adjusted free cash flow was $30.7 million, up $1.6 million.
Fiscal 2026 revenue guidance was raised to $2.060 billion to $2.080 billion; adjusted EBITDA guidance was raised to $473 million to $483 million.
Fiscal 2026 net income guidance was lowered to $4 million to $10 million from $16 million to $22 million.
Casella Waste Systems and its subsidiaries entered a Master Lease with Huntington National Bank on April 20, 2026, for leasing or financing motor vehicles and other equipment, plus an Interim Agreement for progress-payment financing capped at $20.0 million. The board approved total lease schedules of up to $250.0 million outstanding across this and the company's existing Banc of America lease, which the filing says matches permitted debt, finance lease and lien baskets under its credit agreement. The filing gives no financial results, so the deal's effect on earnings is not stated.
Master Lease with Huntington National Bank signed April 20, 2026; the bank has no committed funding amount under it
Interim Agreement No. 1 allows up to $20.0 million in outstanding progress-payment financing at one-month term SOFR plus 0.11448%
Board approved up to $250.0 million outstanding in lease schedules, including those under the July 20, 2020 Banc of America lease agreement
Obligations are guaranteed by each co-lessee and secured by a security interest in leased equipment
Casella Waste Systems said Senior Vice President and Chief Operating Officer of Solid Waste Operations Sean Steves will resign effective March 20, 2026, to pursue opportunities outside the waste and recycling industry. The company said the departure was not due to any disagreement over its operations, policies or practices, and it has started a search for his successor.
Sean Steves notified the company of his resignation on March 6, 2026.
Resignation is effective March 20, 2026, on a mutually agreed date.
He leaves the role of SVP and Chief Operating Officer of Solid Waste Operations.
The company has begun a process to identify the next Chief Operating Officer of Solid Waste Operations.
Casella Waste Systems reported fourth-quarter 2025 revenue of $469.1 million, up 9.7%, but a net loss of $2.5 million, compared with net income of $4.9 million a year earlier. For fiscal 2025, net income fell 41.9% to $7.9 million while Adjusted EBITDA rose 17.3% to $422.8 million, and the company issued fiscal 2026 guidance for revenue, net income, Adjusted EBITDA and cash flow.
Q4 2025 revenue was $469.1 million, up $41.6 million, or 9.7%, from Q4 2024; operating income fell 35.9% to $11.9 million.
Fiscal 2025 net income was $7.9 million, or $0.12 per diluted share, down 41.9%; Adjusted EBITDA was $422.8 million, up 17.3%.
Fiscal 2026 guidance: revenue of $1.970 billion to $1.990 billion, net income of $16 million to $22 million, and Adjusted EBITDA of $455 million to $465 million.
Conference call to discuss results is set for Friday, February 20, 2026, at 10:00 a.m. Eastern Time.
Casella Waste Systems reported third-quarter 2025 revenue of $485.4 million, up 17.9% from a year earlier, and net income of $10.0 million, up 73.0%. The company raised the low end of its fiscal 2025 revenue and Adjusted EBITDA guidance and reaffirmed its net income and cash flow ranges, while Adjusted Diluted EPS of $0.42 was below $0.44 a year earlier.
Q3 2025 revenue was $485.4 million, up $73.7 million or 17.9% from Q3 2024.
Q3 2025 net income was $10.0 million, up from $5.8 million; Adjusted Diluted EPS was $0.42 versus $0.44.
Fiscal 2025 revenue guidance is now $1.830 billion to $1.840 billion, and Adjusted EBITDA guidance is $415 million to $425 million, both with the low end raised.
Net income guidance of $8 million to $18 million was reaffirmed; the outlook excludes the pending Mountain State Waste acquisition.
Casella Waste Systems said Chairman and CEO John Casella will become Executive Chairman on January 1, 2026, and President Edmond R. "Ned" Coletta will succeed him as CEO and join the Board as a Class II director. The filing describes a planned leadership transition with no change to reported financial results.
John Casella moves from CEO to Executive Chairman, effective January 1, 2026
Edmond R. "Ned" Coletta, 49, named CEO effective January 1, 2026; he has been President since July 2022
Coletta's base salary rises to $750,000 and his target bonus to 150% of salary, effective January 1, 2026
Casella's salary falls to $750,000 and his target bonus to 100% of salary, effective January 1, 2026
Casella Waste Systems reported second-quarter 2025 revenue of $465.3 million, up 23.4%, and Adjusted EBITDA of $109.5 million, up 19.5%, but net income fell to $5.2 million. The company raised its full-year revenue guidance and cut its net income guidance to $8 million to $18 million, while reaffirming Adjusted EBITDA guidance of $410 million to $425 million, so shareholders see stronger sales and cash-flow measures alongside lower profit.
Q2 2025 revenue $465.3 million, up $88.2 million from the same period in 2024; net income $5.2 million, down from $7.0 million
Adjusted EBITDA $109.5 million for the quarter, up 19.5%; six acquisitions completed in the first half with over $90 million in annualized revenue
Fiscal 2025 revenue guidance raised to $1.820 billion to $1.840 billion; net income guidance revised to $8 million to $18 million from $10 million to $25 million
Adjusted EBITDA guidance reaffirmed at $410 million to $425 million; the guidance excludes the pending Mountain State Waste acquisition
Casella Waste Systems reported first-quarter 2025 results on May 1, 2025. Revenue rose 22.3% to $417.1 million and Adjusted EBITDA rose 21.7% to $86.4 million, but the GAAP net loss widened to $4.8 million from $4.1 million. The company reaffirmed its full-year 2025 guidance, which includes acquisitions announced to date.
Revenue of $417.1 million, up $76.1 million from $341.0 million a year earlier; acquisitions added $57.1 million of the increase.
Net loss of $4.8 million, or $0.08 per diluted share, versus $4.1 million, or $0.07 per share, in the first quarter of 2024.
Adjusted EBITDA of $86.4 million, up 21.7%; Adjusted Diluted Earnings Per Common Share of $0.19 versus $0.15.
Fiscal 2025 guidance reaffirmed: revenue of $1.775 billion to $1.805 billion and net income of $10 million to $25 million.
Casella Waste Systems completed a $25.0 million borrowing on March 11, 2025, through Vermont Economic Development Authority bonds, the remaining tranche of a $60.0 million program first issued in 2022. The bonds carry a 4.375% fixed rate through May 31, 2032, and the company's subsidiaries guarantee the obligation, which adds a new direct financial obligation for shareholders to track.
Company incurred $25.0 million of indebtedness via 2022A-2 Bonds issued March 11, 2025
Bonds drawn from a not-to-exceed $60.0 million program; initial $35.0 million series issued June 2022
Initial fixed rate of 4.375% per annum through May 31, 2032; mandatory tender on June 1, 2032
Substantially all subsidiaries guarantee the bonds while in a term rate period; loan agreement includes acceleration and change-of-control terms
Casella Waste Systems reported fourth-quarter 2024 revenue of $427.5 million, up 18.9%, and a quarterly net income of $4.9 million, or $0.08 per diluted share, compared with a loss in the prior-year quarter. For full-year 2024, revenue rose 23.1% to $1.557 billion, but net income fell 46.7% to $13.5 million, and the company issued fiscal 2025 guidance including net income of $10 million to $25 million and Adjusted EBITDA of $410 million to $425 million.
Q4 2024 revenue was $427.5 million, up $67.9 million from the same period in 2023; Q4 net income was $4.9 million, or $0.08 per diluted share
Fiscal 2024 revenue was $1.557 billion, up 23.1%; net income was $13.5 million, down $11.9 million, with an $8.4 million Southbridge Landfill closure charge cited
Fiscal 2025 guidance: revenue of $1.775 billion to $1.805 billion, net income of $10 million to $25 million, and Adjusted EBITDA of $410 million to $425 million
The guidance excludes acquisitions not yet completed; the conference call is set for February 13, 2025 at 10:00 a.m. Eastern Time
Casella Waste Systems issued $45.0 million of Solid Waste Disposal Revenue Bonds through the Finance Authority of Maine on December 23, 2024. The proceeds were loaned to the company to fund qualifying Maine capital projects, pay issuance costs, and repay in full a $45.0 million-scale series of older Authority bonds ...
$45.0 million Series 2024 bonds issued December 23, 2024 at an initial fixed rate of 4.625% through June 1, 2035
Proceeds fund Maine capital projects and costs of issuance, and refinance the Authority's Series 2005 bonds due January 1, 2025
Bonds are guaranteed by substantially all Casella subsidiaries while in a term interest rate period; U.S. Bank Trust Company is trustee
Casella Waste Systems reported third-quarter 2024 revenue of $411.6 million, up 16.7% from a year earlier, driven by acquisitions and pricing. Net income fell to $5.8 million, or $0.10 per diluted share, as an $8.5 million Southbridge Landfill charge and higher acquisition expenses weighed on results. The company lowered its fiscal 2024 net income guidance to $10 million to $20 million while reaffirming its revenue, Adjusted EBITDA and cash flow ranges.
Q3 revenue was $411.6 million, up $58.9 million, or 16.7%, from the same period in 2023
Q3 net income was $5.8 million, or $0.10 per diluted share, down from $18.2 million, or $0.31, a year earlier
Q3 Adjusted EBITDA was $102.9 million, up 14.9%; an $8.5 million Southbridge Landfill charge was recorded in the quarter
Fiscal 2024 net income guidance was lowered to $10 million to $20 million from $15 million to $25 million; revenue guidance of $1.520 billion to $1.550 billion was reaffirmed
Casella Waste Systems entered a Second Amended and Restated Credit Agreement on September 27, 2024, with Bank of America as administrative agent, replacing its prior facility. The $1.5 billion facility includes an $800 million term loan A and a $700 million revolver, which was undrawn at closing, giving the company more liquidity for general corporate purposes, including acquisitions.
Facility totals $1.5 billion: $800 million term loan A plus $700 million revolving credit facility with a $155 million letter of credit sublimit
Matures September 27, 2029 and replaces the prior $1.08 billion credit facility
Term SOFR interest margin initially 1.925%; commitment fee on unused revolver initially 0.300%
Term loan amortization begins with the quarter ending March 31, 2027
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