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News Breaks
December 3, 2012
18:00 EDTCWSTCasella Waste provides negative variances from FY forecast
The negative variances from Casella's fiscal year forecast as presented in August to this current forecast include the following impacts from Q2 and expectations about the remainder of the fiscal year: actual commodity prices declined below the levels forecast in August. Given the actual lower results from Q2 and current revised commodity price forecast for the remainder of the company's fiscal year, the company expects recycling adjusted EBITDA to be approximately $1.3M lower than that reflected in its August fiscal year forecast; while the company expected disposal volumes to decline through Q2, actual volumes and pricing declined below the levels forecast in August, mainly due to lower C&D volumes, lower special waste volumes, and contract delays for drilling solidification work at the company's Western New York landfills. Given the actual lower results from Q2 and the company's current revised forecast for the remainder of its FY, the company expects disposal adjusted EBITDA to be approximately $2.8M lower than that reflected in its August FY forecast; given the actual lower results from Q2 and the company's current revised forecast for the remainder of its FY, roll-off adjusted EBITDA is expected to be approximately $1.1M lower than that reflected in its August fiscal year forecast; the delayed start-up of the company's joint venture water treatment facility at its McKean landfill is expected reduce the facility's forecasted adjusted EBITDA for the fiscal year by $700,000 from the August FY forecast.
News For CWST From The Last 14 Days
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February 3, 2016
08:50 EDTCWSTCasella Waste announces permit expansion at Ontario County landfill
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January 26, 2016
10:00 EDTCWSTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded on valuation, 2017 outlook at RBC Capital... America Movil upgraded to Overweight from Equal Weight at Morgan Stanley... BNC Bancorp (BNCN) upgraded to Buy from Hold at Gabelli... Casella Waste (CWST) upgraded to Strong Buy from Outperform at Raymond James... Cenovus Energy (CVE) upgraded to Buy from Neutral at Goldman... Cracker Barrel (CBRL) upgraded to Buy from Neutral at SunTrust... D.R. Horton (DHI) upgraded to Buy from Hold at Zelman... Edison International (EIX) upgraded to Buy from Hold at Evercore ISI... First Financial Bancorp (FFBC) upgraded to Buy from Hold at Sandler O'Neill... Hartford Financial (HIG) upgraded to Overweight from Neutral at Atlantic Equities... Heartland Financial (HTLF) upgraded to Buy from Hold at Sandler O'Neill... MFA Financial (MFA) upgraded to Overweight from Neutral at JPMorgan... National General (NGHC) upgraded to Overweight at Morgan Stanley... Navios Maritime Partners (NMM) upgraded to Overweight from Neutral at JPMorgan... PG&E (PCG) upgraded to Buy from Hold at Evercore ISI... SBA Communications (SBAC) upgraded to Buy from Hold at Stifel... Sally Beauty (SBH) upgraded to Outperform from Perform at Oppenheimer... Sanmina (SANM) upgraded to Neutral from Sell at Citi... Scorpio Bulkers (SALT) upgraded to Overweight from Neutral at JPMorgan... Southern Company (SO) upgraded to Hold from Sell at Evercore ISI... Southern Copper (SCCO) upgraded to Overweight from Neutral at JPMorgan... Vodafone (VOD) upgraded to Buy from Hold at Jefferies.
06:34 EDTCWSTCasella Waste upgraded to Strong Buy from Outperform at Raymond James
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