WCA Waste Corporation Announces Results For The Quarter Ended June 30, 2010
- Reported net income available to common stockholders of $0.01 per share
- Revenues increased 20% compared to the second quarter of 2009, boosted by acquisitions
- Operating income more than doubled from the first quarter of 2010
- Successfully amended credit facility, extending term to January 2014
HOUSTON, Aug. 4, 2010 (GLOBE NEWSWIRE) -- WCA Waste Corporation (Nasdaq:WCAA) announced today financial results for the three months ended June 30, 2010.
For the second quarter of 2010:
- Revenue was $60.3 million, up 20.2% from $50.2 million in the second quarter of 2009.
- Operating income was $7.6 million compared to $6.8 million in the same quarter last year.
- Net income available to common stockholders was $0.01 per share while adjusted net income available to common stockholders was $0.02 per share.
For the first six months of 2010:
- Revenue was $112.6 million, up 14.5% from $98.4 million in 2009.
- Operating income was $11.2 million compared to $13.3 million in the prior year period.
- Net loss available to common stockholders was $0.08 per share while adjusted net loss available to common stockholders was $0.06 per share.
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