)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Casella Waste Systems (CWST) investor relations material
Casella Waste Systems Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor Presentation summary13 Nov, 2025
Company overview and strategy
Operates integrated solid waste, recycling, and resource solutions with $1.8 billion in 2025E revenue, focused on the Eastern U.S. across 10 states.
Provides collection, recycling, disposal, and sustainability services, with a strong disposal footprint in the Northeast.
Pursues disciplined growth through organic development and significant M&A, maintaining low leverage and ample liquidity.
Completed 66 acquisitions since 2019, deploying ~$2 billion for ~$850 million in annual revenue, focusing on geographic overlaps and strategic adjacencies.
Recent acquisitions in the Mid-Atlantic and Royal regions have added over $440 million in annualized revenue and expanded operational synergies.
Financial performance and guidance
Revenue grew from $743 million in 2019 to $1.8 billion in 2025E, with a CAGR of ~16%.
Adjusted EBITDA increased from $157 million in 2019 to $420 million in 2025E, with margins consistently above 21%.
Adjusted Free Cash Flow rose from $55 million in 2019 to $175 million in 2025E, with a CAGR of ~23%.
2025 guidance: revenue $1.83–$1.84 billion, Adjusted EBITDA $415–$425 million, Adjusted Free Cash Flow $170–$180 million, net income $8–$18 million.
Net cash from operating activities expected at $325–$335 million in 2025, up 17.3% year-over-year.
Operational footprint and capital allocation
Operates 81 collection operations, 32 recycling facilities, 9 disposal facilities, 2 landfill gas-to-energy sites, and 71 transfer stations.
Total landfill capacity exceeds 100 million tons, with key sites in the Northeast and Mid-Atlantic.
Capital expenditures in 2025 expected at $240 million, including $60 million for acquisitions and $7 million for McKean rail infrastructure.
Maintains a strong balance sheet with $1.06 billion net debt and a net leverage ratio of 2.34x as of 9/30/25.
Over $850 million in available liquidity at 9/30/25, with 75% of debt at fixed rates and a 5.10% average interest rate.
Acquisition margin expansion timeline?
How will McKean's rail capacity impact landfill returns?
Quantify PFAS impact on 2025 guidance.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Casella Waste Systems earnings date
Goldman Sachs Industrials and Materials Conference 20253 Dec, 2025
Next Casella Waste Systems earnings date
Goldman Sachs Industrials and Materials Conference 20253 Dec, 2025
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Casella Waste Systems Inc provides solid waste management services including collection, transfer, disposal, and recycling solutions. It serves residential, commercial, municipal, and industrial customers, primarily in the Northeastern United States. The company also operates resource recovery facilities and offers environmental and consulting services. The company is headquartered in Rutland, Vermont, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage