Filing Flows › Casella Waste Systems (CWST) › Q4 2024
Casella Waste Systems (CWST) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 18, 2025
Casella Waste Systems (CWST) reported revenue of $427M for the fourth quarter 2024 (Q4 2024), +19% from a year earlier and +4% from the quarter before. Operating margin was 4.3%, net earnings $4.9M (1.1% of revenue).
Casella Waste Systems, Q4 2024: revenue $427M (+19% year over year), operating margin 4.3%, net earnings $4.9M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $427M | +4% | +19% |
| Operating profit | $18.5M | -24% | +39% |
| Net earnings | $4.9M | -16% | — |
| Operating cash flow | $110M | +20% | +46% |
| Free cash flow | $32.9M | -18% | +207% |
What changed
Revenue was $427.5M in Q4 2024, up 19% year over year and up 4% from the previous quarter. Western was the largest line at 39% of revenue.
Operating profit was $18.5M, a 4.3% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 4% margin then. Total costs grew 18% against revenue growth of 19%. The fastest-growing cost line was General & admin (+21%). Net earnings were $4.9M. The effective tax rate was 14.6%.
Operating cash flow was $109.8M (up 46% year over year), 2251% of net earnings. Non-cash charges added back $66.4M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $33.8M. Capital expenditures of $76.9M left free cash flow of $32.9M.
Questions
What was Casella Waste Systems' revenue in the fourth quarter 2024?
Casella Waste Systems (CWST) reported revenue of $427M for the fourth quarter 2024 (Q4 2024), +19% from a year earlier and +4% from the quarter before.
Was Casella Waste Systems profitable in the fourth quarter 2024?
Operating profit was $18.5M (4.3% of revenue) and net earnings $4.9M.