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ALLIED WASTE INDUSTRIES ANNOUNCES RESULTS OF OPERATIONS

 ALLIED WASTE INDUSTRIES ANNOUNCES RESULTS OF OPERATIONS
 HOUSTON, Aug. 4 /PRNewswire/ -- Allied Waste Industries, Inc. (NASDAQ: AWIN) announced today its results of operations for the six months and the quarter ended June 30, 1992.
 For the six months, revenues were $15.6 million and net income was $434,000 in 1992 compared to revenues of $7.8 million and net income of $62,000 for the same period last year. Earnings per share after giving effect to preferred dividends were $.04 in 1992 vs. ($.01) in 1991. The 1991 data have been restated to include transactions accounted for as poolings-of-interests.
 For the quarter, revenues were $8.6 million and net income was $28,000 compared to revenues of $4.3 million and net income of $93,000 for the second quarter, 1991. For the quarter, earnings per share after giving effect to preferred dividends were ($.01) in 1992 and $.01 in 1991. Operating results for the quarter were impacted by acquisition costs incurred in connection with poolings-of-interests acquisitions in the Chicago area completed in June 1992, increased disposal fees in the Chicago area resulting from third party landfill closings and increased administrative and interest costs incurred to support acquisitions completed in June and July 1992. Efficiencies from the combined Chicago operations are expected to be realized in the third and fourth quarters of 1992.
 Allied Waste Industries, Inc., headquartered in Houston, Texas, is a solid waste management company providing non-hazardous waste collection, transfer, recycling and disposal services in the Midwest and Southwest.
 ALLIED WASTE INDUSTRIES, INC.
 (In Thousands)
 Quarter Ended Six Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Revenues $8,553 $4,320 $15,586 $7,755
 Gross Profit $2,612 $1,088 $ 4,750 $1,807
 Operating Income $ 637 $ 251 $ 1,243 $ 339
 Net Income $ 28 $ 93 $ 434 $ 62
 Earnings per share $ (.01) $ .01 $ .04 $ (.01)
 Average Outstanding
 Shares (000) 8,000 3,303 7,724 2,913
 -0- 8/4/92
 /CONTACT: David M.K. Ruth of Allied Waste Industries, 713-664-1888/
 (AWIN) CO: Allied Waste Industries, Inc. ST: Texas IN: SU: ERN


PS -- NY045 -- 6663 08/04/92 12:35 EDT
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Date:Aug 4, 1992
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