Exhibit 99.1

FOR IMMEDIATE RELEASE

CASELLA WASTE SYSTEMS, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2015

RESULTS; AND PROVIDES 2016 GUIDANCE

RUTLAND, VERMONT (March 1, 2016) — Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its results for the period ended December 31, 2015. The company also provided guidance for its next fiscal year ending December 31, 2016.

Highlights for the Three and Twelve Months Ended December 31, 2015:

 

    Revenues were $140.0 million for the quarter, up $6.5 million, or 4.9%, from the same period in 2014. Revenues were $546.5 million for the fiscal year, up $20.6 million, or 3.9%, from the same period in 2014.

 

    Adjusted EBITDA* was $27.8 million for the quarter, up $3.4 million, or 13.8%, from the same period in 2014. Adjusted EBITDA was $106.1 million for the fiscal year, up $9.2 million, or 9.5%, from the same period in 2014.

 

    Adjusted Operating Income* for the quarter was $8.1 million, up $2.0 million, or 31.8%, from the same period in 2014. Adjusted Operating Income was $30.5 million for the fiscal year, up $9.2 million, or 43.1%, from the same period in 2014.

 

    Free Cash Flow* for the quarter was $8.7 million, up $10.2 million from the same period in 2014. Free Cash Flow was $20.2 million for the fiscal year, up $29.9 million from the same period in 2014.

 

    Overall solid waste pricing for the quarter was up 3.6%, mainly driven by strong residential and commercial collection pricing up 5.6%.

“During fiscal year 2015, we continued to execute well against our key strategies of increasing landfill returns, improving collection route profitability, creating incremental value through resource solutions, reducing financial and operational risks, and improving our balance sheet,” said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. “I am very pleased with our financial and operational performance during the year, and I believe that we are well positioned to continue to execute in fiscal year 2016 and beyond.”

“We continued to expand Adjusted EBITDA margins in fiscal year 2015, up roughly 100 bps year-over-year, and we used the positive free cash flow that we generated to repay debt,” Casella said. “We repurchased and permanently retired $14.7 million of our 7.75% Senior Subordinated Notes due 2019 during the last half of the year, demonstrating our commitment to reduce leverage and accelerate free cash flow generation by retiring our highest cost debt. With our continued cash flow growth and debt repayment, we reduced our consolidated leverage ratio as defined by our ABL Revolver from 5.43x on March 31, 2015 to 4.75x on December 31, 2015.”

“From an operating standpoint, our solid waste pricing programs continued to outpace inflation with overall solid waste pricing up 3.6% in the quarter, driven by strong residential and commercial pricing, which were up 5.6%, and higher pricing in the disposal line-of-business,” Casella said. “These strong pricing gains were complemented by further improvements in our operating efficiency programs with our fleet and routing programs driving lower costs.”

“We have worked hard over the last year to reshape our recycling sales model in the face of rapidly declining recycling commodity prices, with the average commodity revenue per ton down 19% in fiscal year 2015, resulting in a $8.8 million decline in recycling commodity revenues,” Casella said. “We have offset this decline in recycling commodity revenues through a combination of our newly implemented Sustainability/Recycling Adjustment (“SRA”) fee applied to residential and commercial hauling customers,


The following information was filed by Casella Waste Systems Inc (CWST) on Wednesday, March 2, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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