DAILY NEWS Dec 10, 2013 10:37 AM - 0 comments

Casella posts financial upswing for Q2

TEXT SIZE bigger text smaller text
By: SWR Staff

Regional solid waste, recycling and resource management services company, Casella Waste Systems Inc., has posted a reduction in its net loss for its Q2 of 2014.

The Rutland, Vermont-based Casella said for its ended October 31, 2013 its net loss dropped to $575,000, or one cent per share, compared with a loss of $21 million, or 68 cents per share, during the same period in 2012.

Revenue for the quarter climbed 13.2 percent to $132.3 million from $116.8 million during the same period in 2012, the company said.

“We continued to make excellent progress through our second quarter, with results primarily driven by continued execution in key areas of management focus – sourcing incremental landfill volumes; improving collection route profitability; and successfully executing the multi-year Eastern region strategy," said John Casella, chairman and CEO of Casella Waste in a December 5, 2013 statement.

For Casella’s full financial report, please click here.

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Solid Waste & Recycling has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields