Allied Waste Industries, Inc. (NYSE: AW) announced that for the first quarter ended March 31, 2006, revenues increased 7.3 percent to $1,439 million from $1,341 million, operating income before depreciation and amortization increased to $350 million from $336 million, and net income per share increased to $0.08 from $0.05 in the corresponding quarter last year. Internal revenue growth increased 7.7% over the prior year, driven by average price increases of 5.5% and average volume increases of 2.2%...Read More »
Waste Industries USA, Inc. (Nasdaq: WWIN), reported that first quarter (ended March 31, 2006) revenues increased by 16 percent to $79.2 million from $68.3 million, operating income increased by 13.4% to $7.8 million from $6.9 million, and net income increased to $0.25 per share from $0.20 per share in the same period last year...Read More »
Waste Industries USA, Inc. (Nasdaq: WWIN), announced the acquisition of five hauling operations that are expected to add some $4 million in annualized revenues. The acquisitions are essentially "tuck ins." In west Atlanta, the company acquired portions of three companies: Advanced Disposal Services, LLC, Erwin Sanitation, Inc. and Environmental Waste, Inc. The operations should help feed the company's Grady Road landfill. In eastern North Carolina, the company acquired residential customers of Harrison Sanitation Solutions, Inc. and in Greenville County South Carolina, the company acquired residential customers of Upstate Waste, Inc.
Last month Waste Industries sold its Old Kings Road landfill in Jacksonville, Florida, to Advanced Disposal, as part of a larger strategy to streamline operations and internalize more waste to its own landfills...Read More »
Waste Management, Inc. (NYSE: WMI) announced the declaration of a quarterly cash dividend of $0.22 per share payable June 23, 2006 to stockholders of record on June 5, 2006...Read More »
WCA Waste Corporation (Nasdaq: WCAA) in releasing financial results for the first quarter 2006, announced that revenues increased 51.5 percent to $34.7 million, operating income by 103.3 percent to $5.1 million and internal growth of 15.8 percent over the same period last year. Net income for the quarter was $0.6 million, or $0.04 per share.
WCA Waste Corporation will be hosting a conference call to discuss the first quarter 2006 earnings at 8:30 am EDT on May 9, 2006...Read More »
Covanta Holding Corp. (NYSE: CVA) released financial results for its first quarter ended March 31, 2006. The pro forma results include American Ref-Fuel financials, as if the acquisition were consummated by January 1, 2005. Therefore, on a pro forma basis, revenues increased by 6 percent to $305.4 million from $288.5 million, net income doubled from $5.7 million to $11.4 million and earnings per share increased to $0.08 from $0.03 in the corresponding period last year...Read More »
Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) reported that revenues increased by 6% to $17.9 million for the first quarter of 2006 ended April 1 from $16.9 million in the year-earlier period. ARCA's net loss for this period came to $678,000 or $0.16 per share, compared to the net loss of $433,000 or $0.10 per share in the first quarter of 2005.
Through its ApplianceSmart (www.ApplianceSmart.com ) operation, ARCA is one of the nation's leading retailers of special-buy household appliances, that include close-out items, factory overruns and lightly damaged units...Read More »
Startech Environmental Corp. (OTC: STHK), announced that it has successfully completed the first phase of a DOE Program to produce hydrogen from processing coal and municipal solid waste in a Plasma Converter. The hydrogen produced from coal and wastes can be used to produce electricity without pollution or greenhouse gas emissions such as carbon dioxide...Read More »
Green Power Inc., a privately held company, is awaiting delivery of a mobile demonstration plant that they say will turn nearly all forms of solid or liquid waste into a ready to use form of diesel fuel, cleaner and purer than that available at the pump. The technology, for which GreenPower holds the patents, promises to transform all forms of waste (with the limitation of radioactive waste, porcelain, glass and metals) and refuse into diesel, without secondary pollution, at an efficiency rate of over ninety percent, and at an extremely low cost...Read More »
Evercore Capital Partners (ECP), the private equity investing arm of Evercore Partners, a boutique financial advisory and investment firm, today announced that it has acquired a majority ownership interest in Mr. Bult's, Inc. ("MBI"). MBI, headquartered outside of Chicago, is the largest provider in the U.S. of solid waste transportation services in the outsourced, long-haul market. Financial terms were not disclosed...Read More »