WCA Waste Corporation (WCA) has reported revenues of $208 million for the year-end 2008, up 12.5 %, compared with the revenues of $184.9 in the pervious year-end. It has also reported a net loss of $27.8 million, or $1.96 per diluted share, for the year-end 2008, compared with the net income of $2.92 million, or $0.06 per diluted share, in the pervious year-end.

Reports record quarterly revenue of $53.6 million, up 8.0%

Reports record quarterly EBITDA of $14.8 million, a 27.5% EBITDA margin

Reports EPS of $0.03 for the fourth quarter after excluding goodwill impairment charge and interest rate swap

For the fourth quarter of 2008, revenue increased 8.0% to $53.6 million over the $49.7 million that was reported for the same period in 2007. The Company took an after-tax non-cash charge of $27.0 million for the impairment of goodwill, resulting in a net loss available to common stockholders for the fourth quarter of $30.0 million, or $1.91 per share. Excluding this charge, the non-operational impact of the interest rate swap, and a net loss on early disposition of notes receivable/payable, net income available to common stockholders was $0.5 million, or $0.03 per share. The interest rate swap expires in less than 20 months on November 1, 2010. After such day, the swap will have no impact on the Company’s consolidated financial statements.

Excluding the impairment of goodwill, operating income was $26.4 million for the twelve months ended December 31, 2008 compared to $26.1 million for the twelve months ended December 31, 2007.

Under a previously disclosed common stock repurchase program, the company repurchased 472,038 shares of its common stock during the fourth quarter and 1,056,014 shares in total during 2008. This plan was terminated on December 18, 2008.

Tom Fatjo, chairman of WCA, stated, The fourth quarter revenue growth of 8.0% led to record quarterly revenue of $53.6 million. The EBITDA margin increase to 27.5% during the fourth quarter of 2008 from 23.6% in the comparable quarter of 2007 contributed to record quarterly EBITDA of $14.8 million.

WCA is a US based company engaged in transportation, processing and disposal of non-hazardous solid waste.