Casella Reports First Quarter Results

Date: September 10, 2003

Source: News Room

Casella Waste Systems, Inc. (Nasdaq: CWST) has reported financial results for the first quarter of its 2004 fiscal year. For the quarter ended July 31, 2003, the company reported revenues of $113.9 million, with net income per common share of $0.22 and operating income for the quarter was $10.4 million. The company generated negative free cash flow of $(1.5) million. As of July 31, 2003, the company had cash on hand of $5.7 million, and had an outstanding total debt level of $309.3 million.
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