Printer Friendly

ALLIED WASTE INDUSTRIES ANNOUNCES 1991 RESULTS OF OPERATIONS

 ALLIED WASTE INDUSTRIES ANNOUNCES 1991 RESULTS OF OPERATIONS
 HOUSTON, April 6 /PRNewswire/ -- Allied Waste Industries, Inc. (NASDAQ: AWIN) today announced 1991 financial results, as reported in its recently filed form 10-K. On a historical basis, the company earned $416,000 from continuing operations or $.03 per share on revenues of $9, 376,000. This compares favorably with a prior year's loss of $596,000 from continuing operations, or $(.34) per share on revenues of $5,278,000. These results confirm revenue and EPS amounts reported earlier on a preliminary basis. Pro forma earnings for 1991 (which include full year operating results from acquisitions completed through January 31, 1992) were $1,472,000 or $.10 per share on revenues of $26, 907,000. The historical and pro forma results are as follows:
 ALLIED WASTE INDUSTRIES FINANCIAL RESULTS
 (in thousands)
 Pro forma Historical
 1991 1991 1990
 Revenues $26,907 $9,376 $5,278
 Gross profit 9,563 3,147 1,313
 Pre-tax profit 2,178 539 (596)
 Net income 1,472 416 (596)
 Earnings per share $.10 $.03 $(.34)
 Allied Waste Industries, Inc., headquartered in Houston, provides non-hazardous solid waste collection, recycling and disposal services principally in rural and suburban areas in the midwestern and southwestern United States.
 -0- 4/6/92
 /CONTACT: David M.K. Ruth of Allied Waste Industries, 713-664-1888/
 (AWIN) CO: Allied Waste Industries Inc. ST: Texas IN: SU: ERN


TQ -- NY026 -- 5253 04/06/92 10:02 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 6, 1992
Words:240
Previous Article:COOPER ELECTED EXECUTIVE VICE PRESIDENT OF KEY TRONIC
Next Article:NEWPARK AWARDED CHEVRON CONTRACT


Related Articles
ALLIED WASTE TO PURCHASE COMMON STOCK
ALLIED WASTE INDUSTRIES REPORTS NET INCOME
ALLIED WASTE INDUSTRIES ACQUIRES ILLINOIS OPERATIONS
ALLIED WASTE ACQUIRES W.J. FLYTE CORPORATION
ALLIED WASTE ANNOUNCES 1991 RESULTS OF OPERATIONS
ALLIED WASTE INDUSTRIES ANNOUNCES RESULTS OF OPERATIONS FOR THE QUARTER ENDED MARCH 31, 1992
ALLIED WASTE INDUSTRIES ANNOUNCES RESULTS OF OPERATIONS
ALLIED WASTE INDUSTRIES, INC. COMPLETES FINANCING
ALLIED WASTE INDUSTRIES ANNOUNCES RESULTS OF OPERATIONS
Allied Waste Announces Executive Management Promotions.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters