For its fiscal quarter ended July 31, Rutland, Vt.-based Casella Waste reported a net loss of $163,000, or 0 cents per share, compared with $8.38 million, or 31 cents per share, in the year-ago period.
Revenue for the company climbed 9.3 percent to $128.6 million compared with $117.6 million, Casella Waste said in a news release.
"We had a solid first quarter, with results primarily driven by continued execution in key areas of management focus – sourcing incremental landfill volumes; improving collection route profitability; and completing the multi-year Eastern region strategy," said John Casella, chairman and CEO of Casella Waste.
The company revised its fiscal 2014 guidance upward. It now expects revenues for the year of between $470 million and $480 million, an increase from the previous range of $465 million to $475 million. It expects earnings before interest, taxes, depreciation and amortization (EBITDA) of between $92 million and $96 million, up from a range of $91 million to $95 million.