Allied Waste Industries announces record earnings

Allied Waste Industries, Inc. (NASDAQ Symbol "AWIN") announced record earnings for the fourth quarter and for the year ended December 31, 1992. Revenues doubled over 1991 for both the quarter and for the year, while operating income increased 597 percent from $239,000 to $1,427,000 in the...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Ruth, David M K
Format Newsletter
LanguageEnglish
Published New York Business Wire 23.02.1993
Subjects
Earnings
Financial statements
Southwest
Waste management industry
TX
US
Houston
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Summary:Allied Waste Industries, Inc. (NASDAQ Symbol "AWIN") announced record earnings for the fourth quarter and for the year ended December 31, 1992. Revenues doubled over 1991 for both the quarter and for the year, while operating income increased 597 percent from $239,000 to $1,427,000 in the quarter and 458 percent from $887,000 to $4,060,000 for the year. Revenues for the fourth quarter were $9.5 million and $35.0 million for the year vs. $4.8 million and $17.2 million for the respective 1991 reporting periods. Net income for 1992 was $1,030,000 or $.08 per common share, vs. $180,000 (a loss of $.01! per common share after preferred dividends) for 1991. (excerpt)