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Profile: Casella Waste Systems Inc (CWST.OQ)

CWST.OQ on NASDAQ Stock Exchange Global Select Market

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Casella Waste Systems, Inc., incorporated on March 1, 1993, is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment. Organics services, ancillary operations and industrial services are included in its Other segment. As of January 31, 2017, the Company owned and/or operated 32 solid waste collection operations, 46 transfer stations, 18 recycling facilities, nine Subtitle D landfills, four landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition (C&D) materials.

The Company's solid waste and recycling operations comprise a range of non-hazardous solid waste services, including collections, transfer stations, material recovery facilities (MRFs) and disposal facilities. The Company's commercial and industrial collection services are performed under 1 to 5 year service agreements. Its residential collection and disposal services are performed either on a subscription basis (with no underlying contract) with individuals, or through contracts with municipalities, homeowner associations, apartment building owners or mobile home park operators. The Company's transfer stations receive, compact and transfer solid waste, collected primarily by its various residential and commercial collection operations, for transport to disposal facilities by larger vehicles.

The Company's MRFs receive, sort, bale and sell recyclable materials originating from the municipal solid waste stream, including newsprint, cardboard, office paper, glass, plastic, steel or aluminum containers and bottles. It operated eight MRFs within its Recycling region in geographic areas served by its collection divisions as of December 31, 2016. These MRFs, three of which are located in New York, two of which are located in Vermont, two of which are located in Massachusetts, and one of which is located in Maine, are facilities that process over 0.5 million tons per year of recycled materials delivered to them by municipalities and commercial customers under long-term contracts. It also operates smaller MRFs, which generally process recyclables collected from its various residential collection operations. It operated nine solid waste Subtitle D landfills and one landfill permitted to accept C&D materials as of December 31, 2016.

Eastern Region

The North Country Environmental Services landfill (NCES Landfill) is a Subtitle D landfill located in Bethlehem, New Hampshire. NCES Landfill consists of approximately 54 acres of permitted or permittable landfill area, is permitted to accept municipal solid waste, C&D material and certain pre-approved special waste. The Juniper Ridge landfill (Juniper Ridge Landfill) is a Subtitle D landfill located in West Old Town, Maine. Juniper Ridge Landfill consists of approximately 179 acres of permitted or permittable landfill area, which is permitted to accept the waste originating from the State of Maine, including C&D material, ash from municipal solid waste incinerators and fossil fuel boilers, front end processed residuals and bypass municipal solid waste from waste-to-energy facilities and certain pre-approved special waste.

The Southbridge landfill (Southbridge Landfill) is a Subtitle D landfill located in Southbridge, Massachusetts. Southbridge Landfill consists of approximately 73 acres of permitted or permittable landfill area, and is permitted to accept up to 0.4 million tons of municipal solid waste, processed C&D residual material and certain pre-approved special waste annually. The Southbridge Landfill site houses a landfill gas-to-energy plant, which is owned and operated by the Company, which has the capacity to generate 1.6 megawatt per hour (mW/hr) of energy.

Western Region

The Waste USA landfill (Waste USA Landfill), which is a Subtitle D landfill located in Coventry, Vermont, that is the only operating permitted Subtitle D landfill in the State of Vermont. Waste USA Landfill consists of approximately 148 acres of permitted or permittable landfill area, and is permitted to accept up to 0.6 million tons of municipal solid waste, C&D material and certain pre-approved special waste annually. The Waste USA Landfill site houses a landfill gas-to-energy plant, which is owned and operated by a third-party, which has the capacity to generate eight mW/hr of energy.

The Clinton County landfill (Clinton County Landfill) is a Subtitle D landfill located in Schuyler Falls, New York. Clinton County Landfill, which consists of approximately 197 acres of permitted or permittable landfill area, portions of which are leased from Clinton County, is permitted to accept up to approximately 0.2 million tons of municipal solid waste, C&D material and certain pre-approved special waste annually. The Clinton County Landfill site houses a landfill gas-to-energy facility, which is owned by the Company and operated by a third-party, which has the capacity to generate 6.4 mW/hr of energy.

Recycling

The Recycling segment is a processor and marketer of recycled materials in the northeastern United States, comprising eight MRFs that process and market recyclable materials that municipalities and commercial customers deliver under long-term contracts. Two of the eight MRFs are leased, three are owned, and three are operated by the Company under contracts with municipal third-parties. As of December 31, 2016, the Recycling segment processed and/or marketed over 0.7 million tons of recyclable materials, including tons marketed through its commodity brokerage division and its baling facilities located. Recycling's facilities are located in Vermont, New York, Maine, and Massachusetts.

Other

The Other segment business comprises materials processing, industrial recycling, clean energy and organics service offerings. Its Customer Solutions business works with larger scale organizations (including multi-location customers, colleges and universities, municipalities, and industrial customers) to develop customized solid waste solutions. Through its Earthlife soils products, it offers an array of organic fertilizers, composts and mulches that help its customers recycle organic waste streams.

Company Address

Casella Waste Systems Inc

25 Green Hill Ln
RUTLAND   VT   05701-3804
P: +1802.7750325
F: +1302.6555049

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