Stockholders, potential investors and other participants are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this conference call and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
On the call, we will discuss non-GAAP measures, such as adjusted operating income before depreciation and amortization, adjusted earnings per share, and free cash flow. Please refer to our earnings release for a reconciliation of such non-GAAP measures to the most comparable GAAP measure.
Management uses certain non-GAAP measures to evaluate and monitor the ongoing financial performance of our operations; other companies may calculate these non-GAAP measures differently.
I'll now turn the call back over to Ron.Ron MittelstaedtOkay, thank you, Worthing. We are extremely pleased with our performance in the third quarter. Revenue was $404 million, up 16.8% over the prior year period. Internal growth in the quarter was a positive 5.2%, broken down as follows; positive 2.6% from core price, positive 0.9% from surcharges, negative 0.2% from volumes, and positive 1.9% from recycling, intermodal and other services.Net pricing or core price plus surcharges was 3.5% or slightly above our expectations for the quarter due to higher surcharges. We expect net pricing to remain above 3%, again in Q4. For the full year, this would result in net price of almost 3.5%, with core price at around 2.7%.We expect core pricing growth in 2012 to be at least equal to what we’ve achieved this year. Volume growth in Q3 was negative 0.2%, a notable improvement over our negative 1% outlook for the quarter, due primarily to better than expected special waste volumes and roll-off activities.Read the rest of this transcript for free on seekingalpha.com
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