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Stock Market & Financial Investment News

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December 3, 2012
17:52 EDTCWSTCasella Waste says Maine facility sale will not account as discontinued ops
The sale of Maine energy recovery facility will not trigger discontinued operations accounting treatment for the historical financial results. For the twelve months ended April 30, the facility contributed revenues of $20.8M, adjusted operating loss of ($7.9M), adjusted EBITDA of $100,000, and capital expenditures of $5.7M. For the six months ended October 31 the facility contributed revenues of $9.2M, adjusted operating loss of ($2.5M), adjusted EBITDA of $500,000, and capital expenditures of $1.1M. The company is investing approximately $3.5M of capital to build its new Westbrook transfer station during its FY13.
News For CWST From The Last 14 Days
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May 14, 2015
10:00 EDTCWSTOn The Fly: Analyst Upgrade Summary
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07:23 EDTCWSTCasella Waste upgraded at Raymond James
As previously reported, Raymond James upgraded Casella Waste to Outperform from Market Perform. The firm believes Casella is nearing a positive inflect point driven by tighter disposal capacity in New England, increased efficiencies, and potential to fill excess capacity in its New York disposal footprint following the New York City waste contract. Raymond James established a $7 price target.
07:06 EDTCWSTCasella Waste upgraded to Outperform from Market Perform at Raymond James
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