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News Breaks | | | | December 3, 2012 | | 17:52 EDT |  | CWST | Casella Waste says Maine facility sale will not account as discontinued ops
The sale of Maine energy recovery facility will not trigger discontinued operations accounting treatment for the historical financial results. For the twelve months ended April 30, the facility contributed revenues of $20.8M, adjusted operating loss of ($7.9M), adjusted EBITDA of $100,000, and capital expenditures of $5.7M. For the six months ended October 31 the facility contributed revenues of $9.2M, adjusted operating loss of ($2.5M), adjusted EBITDA of $500,000, and capital expenditures of $1.1M. The company is investing approximately $3.5M of capital to build its new Westbrook transfer station during its FY13. | |
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