BFI Canada (TSX: BFC.UN) announced robust growth in its operations through the first quarter ended March 31, 2006. Results were helped by the acquisition of IESI that did not occur until the second month (January 21, 2005) of the quarter last year. Combined revenues grew by 32% to $179 million from $135 million. EBITDA grew by 26% to $50.5 million from $40 million and net earnings advanced to $5 million from a loss of $8 million in the first quarter last year. Market-focused strategies and an unusually mild winter allowed more waste acceptance into the fund's landfills leading to organic growth of 15% in both US and Canadian operations...Read More »
Waste Services, Inc. announced that it has closed the previously announced acquisition of Liberty Waste, LLC to expand its operations in the Tampa, Florida market. Liberty Waste is a collection operation based in Tampa with two transfer stations located in Tampa and Clearwater. The transfer stations are both permitted to accept construction and demolition and Class III waste volumes. This acquisition will complement Waste Services' existing operations in the Tampa market. The company expects to close the previously announced acquisition of Sun Country Materials, LLC when it receives its final unappealable expansion permit...Read More »
Covanta Delaware Valley, a renewable energy power plant located in Chester, Pennsylvania fueled by municipal solid waste will be honored by the US Department of Labor's Occupational Safety and Health Administration (OSHA) with its "STAR" designation. The "STAR" recognition is OSHA's highest honor given to power generating facilities with outstanding health and safety practices. The Delaware Valley waste-to-energy (WTE) plant is operated by Covanta Energy Corporation...Read More »
Avalon Holdings Corporation (Amex: AWX) announced financial results for the first quarter of 2006 in which revenues increased to $8.9 million from $7.4 million in same period last year. The Company basically broke even during the first quarter of 2006, recording income from continuing operations of $9,000 compared with income from continuing operations of $32,000 or $.01 per share for the first quarter of 2005...Read More »
EarthFirst Technologies, Inc. (OTCBB: EFTI) announced that revenues for the first quarter ended March 31, 2006, increased to $11.4 million from $8.2 million and that net income increased to $1.6 million from a net loss of $4.4 million in the corresponding period last year.
EarthFirst is a specialized holding company that develops and researches technologies for the production of alternative fuels and the destruction and remediation of various wastes, and in supplying electrical contracting services...Read More »
Darling International Inc. (Amex: DAR) announced a modest increase in sales and a slight drop in net income for the first quarter ended April 1, 2006. Sales for the quarter advanced to $76.4 million from $71.4 million a year ago while net income declined to $0.4 million or $0.01 per share versus $0.9 million or $0.01 per share a year ago. Higher energy prices, legal expenses and a modernization of the Fresno, Ca. project contributed to the decline in net income.
Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States...Read More »
Ecolab Inc. (NYSE: ECL) shareholders have elected John J. Zillmer to their Board of Directors.
Mr. Zillmer is Chairman of the Board and Chief Executive Officer of Allied Waste Industries, Inc., a solid waste management company. Prior to joining Allied Waste, Mr. Zillmer spent thirty years in the managed services industry, most recently as Executive Vice President of ARAMARK Corporation, a provider of food, uniform and support services...Read More »
A PPL Corporation (NYSE: PPL) subsidiary has begun commercial operation of a 3.2-megawatt methane-to-electricity power generation system the company designed and constructed on a 2-acre site at the Frey Farm Landfill in Lancaster County, Pa.
PPL, which owns and operates the plant, buys methane gas from the Lancaster County Solid Waste Management Authority and uses the gas to power two Caterpillar generators. Power from the landfill produces enough electricity to supply 4,000 homes...Read More »
Industrial Services of America, Inc. (NASDAQ: IDSA) announced un-audited financial results for the first quarter ended March 31, 2006 whereby revenues decreased to $14.5 million from $29.7 million, but income before taxes increased to $694,211 from $248,482 and net income increased to $416,526 from $149,088 in the same period last year. Management attributed increased profitability to streamlining and the combined efforts of the computerized waste services and waste equipment management departments...Read More »