WCA Waste’s Revenue Spikes in Second Quarter

Houston-based WCA Waste Corp. reported a net income of $210,000 on $60.3 million in revenue for the second quarter of 2010. During the same period in 2009, the firm reported a net loss of $229,000 on $50.2 million in revenue.

“We are very pleased by the recovery in revenue and earnings in the second quarter which clearly rebounded following the severe weather in the first quarter of 2010,” said Tom Fatjo, chairman and CEO of WCA Waste, in a press release. “Our focus remains on driving growth in our Houston and Ohio markets and maximizing the operating leverage of these assets while creating value for our shareholders.”

“Volumes in our solid waste operations have begun to stabilize with municipal solid waste volumes positive year over year,” Fatjo added. “And while we have adjusted pricing in some markets to reflect the slow growth economy, we have taken out more cost to maintain appropriate margins.”

• Read "Four-Father," the profile of Tom Fatjo and WCA Waste that originally appeared in our October 2009 issue.

TAGS: Financials