Casella Waste Reports Large Drop In Q1 Profits

Date: September 8, 2004

Source: News Room

Casella Waste Systems has reported that its first-quarter profit fell 54 percent. Net income fell to $2.8 million, or 8 cents per share, from $6.2 million, or 22 cents per share, last year. Company officials noted that last year's earnings were significantly boosted by a change in accounting. Sales rose by 9 percent, from $113.9 million to $124.2 million, aided by the fact that the company more than doubled its total disposal capacity in fiscal 2004.
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