Waste Connections Releases Second Quarter Earnings

Date: July 25, 2002

Source: News Room

Waste Connections, Inc. (Nasdaq: WCNX) has announced second quarter diluted earnings per share of $.51 on 32.3 million diluted shares, before expenses related to the termination of the company's search for a Chief Operating Officer and expenses related to the hiring of other officials. Revenue for the second quarter of 2002 was $128.1 million, a 36.3 percent increase over revenue of $94.0 million in the second quarter of 2001. Operating income for the quarter, excluding $1.3 million of employment related expenses, increased 34.6 percent to $34.8 million, or 27.2 percent of revenues, from $25.9 million or 27.5 percent of revenues for the second quarter of 2001. During the quarter, the company closed on six acquisitions representing $17 million of annualized revenues. More information: www.wasteconnections.com.

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