Houston-based WCA Waste Corp. posted a net loss of $2.3 million on $46.2 million in revenue during the fourth quarter of 2009. During the same period in 2008, the firm posted a net loss of $30 million on $53.6 million in revenue.
For all of 2009, WCA Waste posted a net loss of $3.3 million on $194.1 million in revenue. In 2008, the firm posted a net loss of $31.8 million on $208 million in revenue.
“2009 was a challenging year because of the economy … ,” said Tom Fatjo, chairman of WCA Waste Corp., in a press release. “Our management was very responsive to this decrease in revenue and as a result our cost of services decreased by $11.8 million. This resulted in an adjusted EBITDA margin of 26.5 percent in 2009 compared to 25.9 percent in 2008.”