Casella Waste Systems INC: insider trades · United States · SEC (Form 4)

About Casella Waste Systems INC

Casella Waste Systems, Inc. is a U.S.-based environmental services company listed on the NASDAQ under the ticker CWST. For international investors, the stock offers exposure to a defensive, infrastructure-like business model centered on solid waste collection, recycling, disposal, and broader resource-management services. The company is headquartered in Rutland, Vermont, United States, and its origins date back to 1975, when it began as Casella’s Refuse Removal. That family-rooted beginning is still part of the company’s identity: it started with local collection routes in Vermont and gradually evolved into a scaled regional platform through organic growth and acquisitions. ([casella.com](https://www.casella.com/our-company/)) Today, Casella operates an integrated waste-management model that spans collection, hauling, transfer stations, landfills, recycling operations, and related resource-management activities. Its geographic footprint is concentrated in the eastern United States, especially New England and parts of the Mid-Atlantic. That regional focus is strategically important: it allows Casella to build route density, control disposal flows, and monetize owned or controlled infrastructure more effectively than a small local hauler could. In industry terms, the company sits in the mid-cap consolidation lane — smaller than the national giants, but large enough to execute tuck-in acquisitions, improve utilization, and expand margins through scale and pricing. ([ir.casella.com](https://ir.casella.com/financial-information/annual-reports)) From a product and service standpoint, Casella’s core offering is straightforward but economically attractive. Municipal, commercial, and industrial customers rely on it for regular waste collection, landfill disposal, recycling, and resource recovery. The business tends to benefit from recurring demand, local service relationships, and regulatory barriers that make the sector less commoditized than it may appear. In its February 2026 earnings release, Casella reported fiscal 2025 revenue of $1.837 billion, up 18.0% year over year, and Adjusted EBITDA of $422.8 million, up 17.3%. Management also guided fiscal 2026 revenue to $1.97 billion-$1.99 billion and Adjusted EBITDA to $455 million-$465 million, signaling continued growth momentum. ([ir.casella.com](https://ir.casella.com/news-releases/news-release-details/casella-waste-systems-inc-announces-fourth-quarter-and-fiscal-18)) Recent developments underline the company’s acquisition-driven playbook. Casella completed nine acquisitions in fiscal 2025, adding about $115 million in annualized revenue, and added roughly another $30 million after closing Mountain State Waste on January 1, 2026. It had announced the Mountain State Waste deal in July 2025, highlighting ongoing expansion in its regional footprint. For equity investors, this makes CWST a hybrid of defensive cash-generation and roll-up growth: a waste-services platform with recurring demand, strong regional positioning, and a management team still actively densifying the network across the eastern United States. ([ir.casella.com](https://ir.casella.com/news-releases/news-release-details/casella-waste-systems-inc-announces-fourth-quarter-and-fiscal-18))