Casella Waste Systems Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenues of USD 151,133,000, operating income of USD 17,378,000, income before income taxes of USD 7,800,000, net income of USD 7,537,000, net income attributable to the company of USD 7,537,000, basic and diluted earnings per share of USD 0.18, adjusted EBITDA of USD 37,146,000, adjusted operating income of USD 17,378,000, capital expenditures of USD 13,975,000, free cash flow of USD 5,138,000, normalized free cash flow of USD 5,138,000 compared to the revenues of USD 146,185,000, operating income of USD 12,696,000, income before income taxes of USD 2,457,000, net income of USD 2,259,000, net income attributable to the company of USD 2,296,000, basic and diluted earnings per share of USD 0.06, adjusted EBITDA of USD 33,116,000, adjusted operating income of USD 13,203,000, capital expenditures of USD 14,727,000, free cash flow of USD 760,000, normalized free cash flow of USD 1,638,000 for the same quarter a year ago.

For the year to date, the company reported revenues of USD 421,236,000, operating income of USD 34,947,000, income before income taxes of USD 5,460,000, net income of USD 5,116,000, net income attributable to the company of USD 5,125,000, basic and diluted earnings per share of USD 0.12, adjusted EBITDA of USD 91,195,000, net cash provided by operating activities of USD 56,071,000, additions to property, plant and equipment of USD 37,435,000, adjusted operating income of USD 34,947,000, capital expenditures of USD 37,435,000, free cash flow of USD 14,894,000, normalized free cash flow of USD 14,894,000 compared to the revenues of USD 406,476,000, operating income of USD 27,164,000, loss before income taxes of USD 3,650,000, net loss of USD 4,762,000, net loss attributable to the company of USD 5,951,000, basic and diluted loss per share of USD 0.15, adjusted EBITDA of USD 78,309,000, net cash provided by operating activities of USD 40,530,000, additions to property, plant and equipment of USD 31,038,000, adjusted operating income of USD 22,344,000, capital expenditures of USD 31,038,000, free cash flow of USD 11,558,000, normalized free cash flow of USD 9,934,000 for the same period a year ago.

The company increased its adjusted EBITDA and normalized free cash flow guidance ranges for the year ending December 31, 2016 by estimating results in the following ranges: adjusted EBITDA between USD 116,000,000 and USD 118,000,000 (increased from a range of USD 115,000,000 to USD 117,000,000 as announced on September 26, 2016; and normalized free cash flow between USD 22,000,000 and USD 25,000,000 (increased from a range of USD 20,000,000 to USD 24,000,000.