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USA WASTE SERVICES ANNOUNCES RECORD REVENUES AND EARNINGS

 USA WASTE SERVICES ANNOUNCES RECORD REVENUES AND EARNINGS
 DALLAS, July 30 /PRNewswire/ -- USA Waste Services, Inc. (NASDAQ: USAS) announced today record revenues and earnings for the quarter and six months ended June 30, 1992.
 USA WASTE SERVICES, INC.
 (In thousands, except per-share data)
 Three months Six months
 Periods ended June 30 1992 1991 1992 1991
 Operating revenues $13,458 $3,631 $23,523 $6,754
 Earnings from operations 3,609 856 6,653 1,954
 Net income 1,852 549 3,386 1,309
 Net income per share $0.16 $0.06 $0.30 $0.15
 Weighted average shares 11,539 8,882 11,467 8,946
 Earl E. DeFrates, USA's CFO, stated that the company's revenues (approximately $23.5 million) and net income (approximately $3.4 million) for the first half of 1992 not only were substantially higher than the comparable period of 1991, but also exceeded the company's revenues and earnings for the entire year of 1991.
 "USA's operating entities are performing very well in each of its market areas. Our acquisitions made in late 1991 and early 1992 are being successfully incorporated into the company and our margins and cash flow are on target with our expectations," DeFrates noted.
 Revenues for the second quarter of 1992 increased 270 percent to $13,458,000 while earnings on a per-share basis grew 160 percent to $0.16 per share when compared to the same period of 1991.
 Although 1992 results to date reflect record shattering performances in both revenues and earnings, DeFrates indicated that further improvements are anticipated as the company continues to execute its business plan.
 USA Waste, based in Dallas, is a fast growing solid waste management company, performing both waste collection and disposal in multiple locations nationwide.
 -0- 7/30/92
 /CONTACT: Earl E. DeFrates, CFO of USA Waste Services, 214-233-4212/
 (USAS) CO: USA Waste Services Inc. ST: Texas IN: SU: ERN


CK -- NY067 -- 5114 07/30/92 12:55 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
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