Filing Flows › Casella Waste Systems (CWST) › Q1 2025
Casella Waste Systems (CWST) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Casella Waste Systems (CWST) reported revenue of $417M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -2% from the quarter before. Operating margin was 0.8%, net loss $4.8M (1.2% of revenue).
Casella Waste Systems, Q1 2025: revenue $417M (+22% year over year), operating margin 0.8%, net loss $4.8M, operating cash flow $50.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $417M | -2% | +22% |
| Operating profit | $3.1M | -83% | — |
| Net earnings | −$4.8M | -199% | — |
| Operating cash flow | $50.1M | -54% | +553% |
What changed
Revenue was $417.1M in Q1 2025, up 22% year over year and down 2% from the previous quarter. Collection was the largest line at 66% of revenue. Collection added $65.1M year over year (up 31%), 86% of the total change.
Operating profit was $3.1M, a 0.8% margin (down 1.3 points year over year). Operating profit fell $3.7M even though revenue rose $76.1M versus a year earlier, so costs grew faster than sales. Total costs grew 24% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+30%). The quarter ended with a net loss of $4.8M, after a profit of $4.9M the previous quarter. Net interest and other expense of $11.3M was the main reason.
Operating cash flow was $50.1M (up 553% year over year). Non-cash charges added back $71.5M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $21.5M. Capital expenditures of $55.5M exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Casella Waste Systems' revenue in the first quarter 2025?
Casella Waste Systems (CWST) reported revenue of $417M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -2% from the quarter before.
Was Casella Waste Systems profitable in the first quarter 2025?
Operating profit was $3.1M (0.8% of revenue) and net loss $4.8M.