Casella Waste to Release FY 2011 Financial Report on June 15Casella Waste to Release FY 2011 Financial Report on June 15
June 2, 2011
Compiled by the Waste Age staff
Rutland, Vt.-based Casella Waste Systems will release its fiscal year 2011 financial report after the close of the stock markets on Wednesday, June 15. The firm will host a conference call to discuss the results at 10 a.m. EST on Thursday, June 16.
Casella’s fiscal year ended on April 30.
To listen to the call live, dial (877) 548-9590 or (720) 545-0037 at least 10 minutes before the start of the call. A live Webcast of the call also will be available on the Investor Relations page of Casella’s web site.
For the third quarter of its 2011 fiscal year, Casella reported a net loss of $6.4 million on $111.6 million in revenue. During the same period in its 2010 fiscal year, the firm posted a net loss of $4.4 million on $109.9 million in revenue.
“While our third quarter results were below last year’s performance and our plan, the underperformance was mainly driven by adverse weather and non-recurring events,” said John Casella, chairman and CEO of Casella Waste Systems, in the press release announcing the third-quarter results. “The bad winter weather during the quarter impacted operational performance, with lower than projected productivity throughout the solid waste business and lower waste volumes.”
RELATED RESOURCE:
• Casella's Press Release on the Upcoming Financial Report and Conference Call
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