Casella Waste Systems Inc. announced unaudited consolidated earnings results for first quarter ended July 31, 2014. For the quarter, the company reported revenues of $141,387,000, operating income of $9,338,000, income from continuing operations before income taxes and discontinued operations of $136,000, loss from continuing operations before discontinued operations of $154,000, net loss attributable to common stockholders of $290,000 or $0.01 per basic and diluted share, adjusted EBITDA of $29,942,000, net cash provided by operating activities of $13,581,000, acquisition related additions to property, plant and equipment of $45,000, adjusted operating income of $9,608,000 compared to the revenues of $128,558,000, operating income of $9,737,000, income from continuing operations before income taxes and discontinued operations of $205,000, loss from continuing operations before discontinued operations of $114,000, net loss attributable to common stockholders of $191,000 adjusted EBITDA of $28,734,000, net cash provided by operating activities of $19,526,000, acquisition related additions to property, plant and equipment of $1,072,000, adjusted operating income of $9,864,000 for the same quarter a year ago. Revenue was up 10% from year ago levels, with revenue growth mainly driven by higher disposal volumes, higher solid waste collection pricing, customer solutions growth, and acquisition activity.

After a solid start and better visibility, the company reaffirmed its operating guidance for the 8-month transition period ending December 31, 2014. The company expected revenues between $356.0 million and $366.0 million, as compared to $340.1 million for the 8-month period ended December 31, 2013. Adjusted EBITDA between $71.0 million and $75.0 million, as compared to $72.1 million for the 8-month period ended December 31, 2013. Capital Expenditures between $53.0 million and $57.0 million (including between $13.0 million and $17.0 million of capital associated with new contracts and infrastructure development), payments on operating leases of roughly $5.0 million, and capping, closure and environmental remediation payments of roughly $9.0 million.