Casella Waste Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
February 20, 2020 at 04:05 pm
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Casella Waste Systems, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, Revenues were USD 193,619,000 against USD 174,724,000 reported a year ago. Operating income was USD 14,604,000 against loss of USD 5,138,000 reported a year ago. Net income was USD 9,066,000 against loss of USD 13,676,000 reported a year ago. Basic EPS was USD 0.19 against loss of USD 0.32 reported a year ago.
For the full year, Revenues were USD 743,290,000 against USD 660,660,000 reported a year ago. Operating income was USD 53,075,000 against USD 39,733,000 reported a year ago. Net income was USD 31,653,000 against USD 6,420,000 reported a year ago. Basic EPS was USD 0.67 against USD 0.15 reported a year ago. Diluted EPS was USD 0.66 against USD 0.15 reported a year ago.
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. The Company manages its solid waste operations on a geographic basis through three regional operating segments: the Eastern, Western and Mid-Atlantic regions. It manages its resource renewal operations through the Resource Solutions operating segment, which leverages its core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver a solution for its commercial, municipal, institutional and industrial customers. It operates approximately 64 solid waste collection operations, 71 transfer stations, 29 recycling and processing facilities, eight Subtitle D landfills, three landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials. It provides integrated solid waste services in Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine, Pennsylvania, Delaware and Maryland.