The Board of Directors of Casella Waste Systems Inc. on September 28, 2009, appointed Paul J. Massaro, 52, as the company’s principal financial and accounting officer. Mr. Massaro has served as the Director of Finance of the company since April 2002 and s the company’s principal financial officer from August 28, 2008 until January 5, 2009. Mr. Massaro will continue to serve as the Director of Finance of the company. Mr. Massaro is serving as the principal financial officer and principal accounting officer of the company following the resignation of the company’s Chief Financial Officer, John S. Quinn.

Casella Waste Systems Inc. reported un-audited consolidated earnings results for the first quarter ended July 31, 2009. For the quarter ended July 31, 2009, the company reported revenues of $135.9 million, down $22.0 million or 14.0% from $157 million for the same quarter last year. Approximately 63% of the decline was due to a drop in processing and recycling revenues, down $13.8 million from the same quarter last year primarily as the result of lower commodity prices. The company's net loss applicable to common shareholders was $2.8 million or $0.11 loss per common share in the quarter, compared to net income of $2.2 million, or $0.08 earnings per share for the same quarter last year. Operating income was $9.397 million against $15.552 million for the same period last year. Net cash provided by operating activities in the quarter was $24.7 million, up $4.9 million from $19.8 million for the same quarter last year. The company's Adjusted EBITDA was $31.4 million for the quarter, down $6.1 million from $37.5 million for the same quarter last year. The company's free cash flow in the quarter was $5.1 million, up $12.7 million from $7.5 million loss for the same quarter last year. Strong cash flow performance in the quarter was the result of the steps the company took to improve operations and cash flows during the last year. EBITDA was $28.927 million compared to $35.022 million for the comparable period last year. Additions to property, plant and equipment (growth) were $0.841 million against $4.723 million and for maintenance were $17.405 million compared to $17.705 million of 2008 period. Loss from continuing operations before income taxes and discontinued operations was $2.101 million against profit of $4.538 million of previous year period. The company reconfirmed its June 15, 2009 estimated guidance ranges for revenues, free cash flow, and capital expenditures for fiscal year 2010. To reflect changes in the definition of Adjusted EBITDA, which more fully captures the major components of the company's senior secured credit facility debt covenants, EBITDA guidance will be replaced with Adjusted EBITDA guidance for the fiscal year. Adjusted EBITDA guidance is estimated between $120.0 million and $126.0 million, reflecting the non-cash add-back of approximately $9.0 million of accretion and depletion of landfill operating leases to the original EBITDA guidance range of $111.0 million to $117.0 million.

Casella Waste Systems Inc. expected to Report Q2 2010 Results on November 30, 2009. This event was calculated by Capital IQ (Created on September 2, 2009).