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Waste Connections Announces Acquisitions, Revenue Expectations

Date: February 27, 2003

Source: News Room

Waste Connections Inc. has agreed to purchase three franchise collection companies with about $32 million in annualized revenue. Waste Connections reported 2002 revenue of $498.7 million. The company plans to acquire Green Team of San Jose, Green Waste of Tehema, Calif., and an unnamed company in Oregon. With these transactions, Waste Connections signed agreements for more than half its 2003 annualized acquisition target of $60 million. They may close during the second quarter or later. Waste Connections expects 2003 revenue between $585 million and $595 million, below an average Wall Street projection of $602.4 million. Wall Street has since lowered its mean 2003 revenue forecast to $595.1 million.
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