Casella Waste Systems Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015
July 29, 2015 at 05:07 pm EDT
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Casella Waste Systems Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported revenues of $143,714,000 against $137,279,000 a year ago. Operating income was $11,342,000 against operating loss of $473,000 a year ago. Income before income taxes was $1,261,000 against loss before income taxes of $9,850,000 a year ago. Net income was $943,000 against net loss of $10,378,000 a year ago. Net income attributable to common stockholders was $1,025,000 against net loss attributable to common stockholders of $6,655,000 a year ago. Diluted earnings per share were $0.03 against diluted loss per share of $0.17 a year ago. Adjusted EBITDA was $30,715,000 against $28,322,000 a year ago. Adjusted EBITDA was $30,715,000 against $28,322,000 a year ago. Adjusted operating income was $10,949,000 against $7,300,000 a year ago. Net cash provided by operating activities was $29,584,000 against $21,085,000 a year ago. Capital expenditures were $11,867,000 against $15,828,000 a year ago.
For the six months, the company reported revenues of $260,292,000 against $250,476,000 a year ago. Operating income was $14,468,000 against operating loss of $4,147,000 a year ago. Loss before income taxes was $6,107,000 against $23,157,000 a year ago. Net loss was $7,021,000 against $23,988,000 a year ago. Net loss attributable to common stockholders was $8,247,000 against $20,078,000 a year ago. Diluted loss per share was $0.20 against $0.50 per share a year ago. Adjusted EBITDA was $45,194,000 against $41,737,000 a year ago. Net cash provided by operating activities was $23,889,000 against $22,446,000 a year ago. Adjusted EBITDA was $45,194,000 against $41,737,000 a year ago. Adjusted operating income was $9,141,000 against $4,098,000 a year ago. Capital expenditures were $16,311,000 against $23,305,000 a year ago.
For the year 2015, the company expects revenues between $525 million and $535 million (increased from a range of $520 million to $530 million). Free Cash Flow between $15 million and $19 million (increased from a range of $14 million to $18 million). The company reaffirms its Adjusted EBITDA guidance between $103 million and $107 million.
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. The Company manages its solid waste operations on a geographic basis through three regional operating segments: the Eastern, Western and Mid-Atlantic regions. It manages its resource renewal operations through the Resource Solutions operating segment, which leverages its core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver a solution for its commercial, municipal, institutional and industrial customers. It operates approximately 64 solid waste collection operations, 71 transfer stations, 29 recycling and processing facilities, eight Subtitle D landfills, three landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials. It provides integrated solid waste services in Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine, Pennsylvania, Delaware and Maryland.
Casella Waste Systems Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015
CASELLA WASTE SYSTEMS, INC. 
