CASELLA WASTE SYSTEMS INC Earnings Per Share Disclosure
| Fiscal Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 7,871 | $ | 13,536 | $ | 25,399 | |||||||||||
| Denominator: | |||||||||||||||||
| Class A common stock | 62,526 | 62,370 | 57,007 | ||||||||||||||
| Class B common stock | 988 | 988 | 988 | ||||||||||||||
Effect of weighted average shares outstanding (1) | (52) | (3,782) | (2,821) | ||||||||||||||
| Basic weighted average common shares outstanding | 63,462 | 59,576 | 55,174 | ||||||||||||||
| Impact of potentially dilutive securities: | |||||||||||||||||
| Dilutive effect of stock options and stock awards | 103 | 105 | 100 | ||||||||||||||
| Diluted weighted average common shares outstanding | 63,565 | 59,681 | 55,274 | ||||||||||||||
Anti-dilutive potentially issuable shares | — | 25 | 93 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Mar 2, 2018 | |
| 2016 | Mar 2, 2017 | |
| 2015 | Mar 2, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.