Casella Reports Fiscal Results

Rebekah A. Hall

Rutland, Vt. – Casella Waste Systems Inc. has reported revenues of $112 million for the second quarter of the 2004 fiscal year. The company also announces earnings before interest, taxes, depreciation and amortization (EBITDA) at $25.2 million. Results include a benefit of $1.4 million or $0.06 per share, from a change in the company's effective tax rate. Cash provided by operating activities for the quarter was $8 million. And as of October 31, 2003, the company's cash on hand equaled $3.6 million with $308.6 million in outstanding debt.