Emily Nagle Green, a director at Casella Waste (NASDAQ:CWST) Systems Inc. (NASDAQ:CWST), a $6.79 billion waste management company that has delivered a 24.1% return year-to-date, recently sold 2,025 shares of Class A Common Stock. According to InvestingPro analysis, the company appears to be trading above its Fair Value, with multiple valuation metrics showing premium multiples. The shares were sold on December 13 at an average price of $108.178, totaling $219,060. Following this transaction, Green holds 15,624 shares directly.
In a separate transaction on the same day, Green gifted 575 shares to Lydia Green, leaving her with a balance of 17,649 shares directly owned. Additionally, Green is a trustee and beneficiary of the Jack Calvin Green Unelected Trust, which holds 6,763 shares indirectly.
In other recent news, Casella Waste Systems has announced several key developments. The company reported a 16.7% year-over-year revenue increase to $411.6 million in its third-quarter earnings for 2024, largely due to acquisitions and organic growth. Adjusted EBITDA also saw a 14.9% growth, reaching $102.9 million. However, challenges such as lower landfill volumes and increased expenses led to a decrease in adjusted net income to $15.9 million.
Furthermore, Casella Waste Systems announced the planned closure of the Ontario County landfill in New York by the end of 2028. This decision follows the non-renewal of the Operation, Management, and Lease agreement with Ontario County. The company plans to reallocate the waste currently managed at the Ontario site to other landfills it operates in New York and Pennsylvania.
Casella also completed the acquisition of Royal, contributing to the company's growth expectations. Despite a decline in landfill volumes, the average price per ton increased by 7.1%, and solid waste revenue grew by 17.3% due to price hikes. Looking ahead, Casella expects a 12% to 15% growth in adjusted EBITDA and a 10% to 15% growth in free cash flow for 2025, assuming no further acquisitions.
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