Waste revenues up
Casella Waste Systems, Inc. reported financial
results for the first quarter of its 2011 fiscal year that included
growth in both revenue and operating income.
For the quarter ended July 31, 2010, Casella
reported revenue of $139.8 million, up $7.3 million or 5.6 percent
over the same quarter last year. Operating income was $14.5 million
for the quarter, up $5.4 million from the same quarter last year,
including a $3.5 million gain on divestitures.
The gain on divestitures resulted from the
sale of various properties for consideration of $7.8 million
on July 1, 2010. A net loss applicable to common shareholders
was ($2.9) million, or ($0.11) per common share in the quarter,
compared to net loss of ($2.8) million, or ($0.11) per share
for the same quarter last year.