Casella Waste Systems — Oct 30, 2025 release

“We are also reaffirming our guidance ranges for Net income, Net cash provided by operating activities and Adjusted Free Cash Flow, as we remain on plan for these metrics.” The Company updated guidance for the fiscal year ending December 31, 2025 ("fiscal year 2025") by estimating results in the following ranges: • Revenues between $1.830 billion and $1.840 billion (raised the lower end from $1.820 billion to $1.830 billion); and • Adjusted EBITDA between $415 million and $425 million (raised the lower end from $410 million to $415 million). The Company reaffirmed guidance for fiscal year 2025 by estimating results in the following ranges: • Net income between $8 million and $18 million; • Net cash provided by operating activities between $325 million and $335 million; and • Adjusted Free Cash Flow between $170 million and $180 million. The guidance ranges include acquisition activity completed to date, including the $105 million of annualized revenue acquired in the year-to-date period, but do not include the impact of any acquisitions that have not been completed, including the acquisition of Mountain State Waste. Adjusted EBITDA and Adjusted Free Cash Flow related to fiscal year 2025 are described in the Unaudited Reconciliation of Fiscal Year 2025 Outlook Non-GAAP Measures section of this press release. Net income and Net cash provided by operating activities are provided as the most directly comparable GAAP measures to Adjusted EBITDA and Adjusted Free Cash Flow, respectively, however these forward-looking estimates for fiscal year 2025 do not contemplate any unanticipated impacts. Conference Call to Discuss Quarter The Company will host a conference call to discuss these results on Friday, October 31, 2025 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register for the call by clicking here to obtain a dial in number