Casella Waste Systems Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2014. For the quarter, the company reported revenues of $117,852,000 compared to $112,167,000 for the same period of last year. Operating loss was $1,298,000 compared to operating income of $78,000 for the same period of last year. Loss from continuing operations before income taxes and discontinued operations was $10,377,000 compared to $16,109,000 for the same period of last year. Loss from continuing operations before discontinued operations was $11,033,000 compared to $11,146,000 for the same period of last year. Net loss attributable to common stockholders was $10,750,000 compared to $11,407,000 for the same period of last year. Net loss per common share was $0.27 compared to $0.29 for the same period of last year. Adjusted EBITDA was $18,124,000 compared to $19,781,000 for the same period of last year. Adjusted operating income was $493,000 compared to $2,439,000 for the same period of last year. Net cash provided by operating activities was $9,559,000 against $8,403,000 a year ago. Capital expenditures - growth and maintenance was $8,172,000 against $9,814,000 a year ago. Payments on landfill contracts were $2,581,000 against $2,428,000 a year ago. Total Maintenance Capital Expenditures were $7,112,000 against $7,656,000 a year ago.
Revenue growth mainly driven by higher solid waste volumes, higher solid waste collection pricing, customer solutions growth, and acquisition activity.

For the nine months, the company reported revenues of $378,706,000 compared to $344,641,000 for the same period of last year. Operating income was $17,889,000 compared to $10,310,000 for the same period of last year. Loss from continuing operations before income taxes and discontinued operations was $10,402,000 compared to $44,066,000 for the same period of last year. Loss from continuing operations before discontinued operations was $11,677,000 compared to $40,167,000 for the same period of last year. Net loss attributable to common stockholders was $11,281,000 compared to $40,747,000 for the same period of last year. Net loss per common share was $0.28 compared to $1.26 for the same period of last year. Adjusted EBITDA was $76,070,000 compared to $68,488,000 for the same period of last year. Net cash provided by operating activities was $37,678,000 against $31,171,000 a year ago. Additions to property, plant and equipment - acquisition was $2,440,000 against $528,000 a year ago. Additions to property, plant and equipment - growth was $4,309,000 against $10,536,000 a year ago. Additions to property, plant and equipment - maintenance was $29,922,000 against $32,432,000 a year ago. Payments on landfill operating lease contracts were $6,052,000 against $5,726,000 a year ago. Adjusted operating income was $20,015,000 compared to $15,130,000 for the same period of last year.

The company reaffirmed earnings guidance for the fiscal 2014. Revenues between $480.0 million and $490.0 million. Adjusted EBITDA between $95.0 million and $98.0 million. Free Cash Flow between $4.0 million and $8.0 million.