Casella Waste to Release FY 2011 Financial Report on June 15

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