"Our core business platform continues to perform to expectations," John W. Casella, president and CEO, said. "We continue to benefit from a strong pricing environment and a healthy, growth-oriented regional economy. "This quarter our EBITDA and net income were negatively impacted by principally two factors. The impact from the company's cellulose insulation business and its transition to being moved to a joint venture effective August 1, and the impact of a retrofit to one of our Massachusetts processing facilities occurring during the quarter that took longer than anticipated to complete," Casella said.
Highlights of the quarter's acquisition activity included the purchase of a number of former Allied Waste assets that are "tuck-ins" to Casella Waste Systems' operations in western New York and northern Pennsylvania.
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