Casella Waste sees FY23 revenue $1.255B-$1.28B, consensus $1.26B

Sees: Adjusted EBITDA between $292 million and $298 million (raised from a range between $289 million and $295 million); and Adjusted Free Cash Flow between $125 million and $131 million (raised from a range between $123 million and $129 million). The Company reaffirmed certain guidance for fiscal year 2023 by estimating results in the following range: Net cash provided by operating activities between $231 million and $237 million. The Company updated certain guidance for fiscal year 2023 by estimating results in the following range: Net income between $33 million and $39 million (updated from a range between $41 million to $47 million) with the reduction primarily associated with the recent acquisition activity, with depreciation and amortization up $11.0 million, interest expense net up $2.0 million, and expense from acquisition activities up $3.0 million, partially offset by a $3.5 million lower income tax provision.