Casella Waste Systems, Inc. (NASDAQ:CWST) Files An 8-K Results of Operations and Financial Condition
Item 2.02
Results of Operations and Financial Condition.
On February21, 2019, Casella Waste Systems, Inc. (the “Company”) issued a press release (the “Initial Press Release”) announcing its financial results for the fourth quarter and fiscal year ended December31, 2018.
On February 21, 2019, the Company issued a press release (the “Corrected Press Release”), which reflects the following corrections to the Initial Press Release: the anticipated spend forlandfill closure, site improvement and remediation expenditures for fiscal year 2019 has been updated to $12.5 million, rather than $13.5 million as originally stated, where appearing in both the seventh bullet of the “2019 Outlook” section’s second list as well as the table showing thereconciliation of the Company’s anticipated Free Cash Flow and anticipated Normalized Free Cash Flow from anticipated Net cash provided by operating activities. In that same table, theNormalized Free Cash Flow has been correspondingly updatedto $51 million – $55 million, from $52 million – $56 million as originally stated. Also, the second column header of the Consolidated Net Leverage Ratio table has been changed to “Covenant Requirement at December 31, 2018″, rather than”Fiscal Year EndedDecember 31, 2018” as originally stated. The Corrected Press Release replaces the Initial Press Release.
The full text of the Corrected Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02 of this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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Item 2.02 |
Financial Statements and Exhibits. |
(d) Exhibits.
EXHIBIT INDEX
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Exhibit No. |
Exhibit Description |
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Correcting and Replacing Press Release of Casella Waste Systems, Inc. dated February 21, 2019. |
CASELLA WASTE SYSTEMS INC Exhibit
EX-99.1 2 cwst-123118xex991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1FOR IMMEDIATE RELEASE CORRECTING AND REPLACING – CASELLA WASTE SYSTEMS,…
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About Casella Waste Systems, Inc. (NASDAQ:CWST)
Casella Waste Systems, Inc. is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services. It provides integrated solid waste services in over six states: Vermont, New Hampshire, New York, Massachusetts, Maine and Pennsylvania. It owns or operates over 30 solid waste collection operations, over 40 transfer stations, approximately 20 recycling facilities, approximately 10 Subtitle D landfills, over four landfill gas-to-energy facilities and a landfill permitted to accept construction and demolition (C&D) materials.