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USA WASTE SERVICES REPORTS 1992 EARNINGS

 DALLAS, Feb. 9 /PRNewswire/ -- USA Waste Services, Inc. (NASDAQ: USAS) announced record earnings for the fourth quarter and year ended Dec. 31, 1992:
 USA WASTE SERVICES, INC.
 (In thousands, except per share amounts)
 Three Months Ended Year Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Operating revenues $14,405 $ 5,852 $52,236 $18,730
 Earnings from
 operations $ 3,734 $ 1,937 $14,226 $ 5,574
 Net income $ 2,010 $ 992 $ 7,344 $ 2,971
 Net income per share $ 0.18 $ 0.10 $ 0.65 $ 0.32
 Weighted average shares 11,118 9,955 11,339 9,371
 Operating revenues for 1992 of $52,236,000, reflected an increase of 179 percent over 1991 revenues of $18,730,000, while earnings for the year of $7,344,000 ($0.65 per share) were up 147 percent over reported earnings of $2,971,000 ($0.32 per share) for 1991. Revenues and net income for the fourth quarter of 1992 also reflected dramatic increases over the comparable period of 1991, resulting in a 146 percent and 103 percent increase in revenues and net income, respectively. The company also set a new balance sheet milestone with total assets reaching $109,060,000 at Dec. 31, 1992, as compared to $59,598,000 at Dec. 31, 1991.
 Earl E. DeFrates, USA Waste's CFO, stated that the record shattering performance in 1992 was a direct result of the successful implementation of the company's strategic acquisition plan. A plan, DeFrates noted, which concentrates on quality of growth and enhancement of post acquisition margins. With additional internal growth planned for this year and the financial strength to consummate more acquisitions, 1993 should be another banner year for USA Waste, DeFrates predicted.
 USA Waste, based in Dallas, Texas, is a rapidly growing solid waste management company performing both waste collection and disposal services in multiple locations nationwide.
 -0- 2/9/93
 /CONTACT: Earl E. DeFrates of USA Waste Services, 214-233-4212/
 (USAS)


CO: USA Waste Services, Inc. ST: Texas IN: SU: ERN

PS -- NY042 -- 4643 02/09/93 11:57 EST
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Publication:PR Newswire
Date:Feb 9, 1993
Words:344
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