Record quarterly earnings reported at WCA Waste

WCA Waste Corporation announced financial results for the third quarter ended September 30, 2008. For the quarter ended September 30, 2008, revenue increased 9.0 percent to $52.8 million compared to the $48.4 million for the same period last year. Operating income for the quarter was $7.0 million, as compared to $8.1 million for the comparable quarter last year. The margin decline is principally a result of increased fuel expense reducing margins by 3.1 percent of revenue. Including the negative impact of the interest rate swap, net income available to common stockholders was $(0.3) million, or $(0.02) per share, for the three months ended September 30, 2008. Adjusted for the impact of the interest rate swap, net income available to common stockholders was $0.3 million, or $0.02 per share, for the three months ended September 30, 2008.

For the nine months ended September 30, 2008, revenue increased 14.1 percent to $154.4 million compared to the $135.2 million for the same period last year. Operating income was $18.6 million for the nine months ended September 30, 2008 compared to $20.8 million for the nine months ended September 30, 2007. The margin decline is principally a result of increased fuel expense reducing margins by 3.2 percent of revenue. Under their previously disclosed stock repurchase program, the Company has purchased 891,347 shares of its common stock during 2008, through October 28, 2008.