Casella Waste Systems (NASDAQ: CWST) is
an integrated regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services to residential, industrial and commercial customers, primarily in the eastern United States. The firm owns and/or operates 38 solid waste collection businesses, 38 recycling facilities, 32 transfer stations, 11 subtitle D landfills, two landfills permitted to accept construction materials, and one waste-to-energy power generation facility. Casella also has a 50% stake in GreenFiber, a joint venture with Louisiana-Pacific (NYSE: LPX) that produces cellulose insulation.
The company surprised the Street last week, when it reported Q4 revenues of $139.6 million and a loss of 18 cents per share. Analysts had been expecting $137.7 million and a loss of 22 cents. Management also guided FY09 revenues to $610-$628 million, versus consensus of $605.67 million.
Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD)
Wal-Mart grows profit and cash flow in Q3, but comps still ailing
Chasing Value: Ten stocks for 2010 -- Part 2
