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USA WASTE SERVICES REPORTS RECORD THIRD QUARTER EARNINGS

 DALLAS, Oct. 25 /PRNewswire/ -- USA Waste Services, Inc. (NYSE: UW), today reported record earnings for the third quarter and nine month periods ended Sept. 30, 1993 (in thousands, except per share amounts):
 USA WASTE SERVICES, INC.
 Three months Nine months
 Periods ended Sept. 30 1993(a) 1992 1993(a) 1992
 Operating revenues $19,552 $14,308 $53,648 $37,831
 Earnings from operations $ 4,840 $ 3,840 $13,944 $10,493
 Net income $ 2,390 $ 1,948 $ 7,032 $ 5,334
 Net income per share $ 0.20 $ 0.17 $ 0.59 $ 0.47
 Weighted average shares 12,091 11,427 12,010 11,447
 (a) Includes results for the entire period for a pooling of interest acquisition. Prior results were not restated because the changes were not material.
 Revenues for the third quarter were up 36 percent to $19.6 million as compared with $14.3 million for the comparable period of 1992, while net income increased 23 percent to $2.4 million ($0.20 per share), as compared with $1.9 million ($0.17 per share) for the same period of 1992.
 Revenues for the nine months of $53.6 million exceeded the company's total revenues for the year 1992 and were up 42 percent over the same period of 1992. Net income for the nine months ended Sept. 30, 1993 was $7.0 million, $0.59 per share, up 32 percent over the comparable period of 1992.
 Earl E. DeFrates, USA Waste's CFO, stated, "We are very pleased to report these operating results. In times of turmoil for our industry, where asset write downs and large restructuring charges seem to be the order of the day, USA Waste has posted record setting revenues and earnings for the third quarter of 1993. We certainly see and feel the competitive pressures relating to pricing and shrinking volumes that plague our industry today."
 He also noted that, "Although these are challenging times, we see many opportunities for additional industry consolidation and our management remains dedicated and focused to continue along a progressive growth path while constantly striving to improve shareholder values."
 USA Waste, based in Dallas, is a rapidly growing solid waste management company performing both waste collection and disposal services in multiple locations nationwide.
 -0- 10/25/93
 /CONTACT: Earl E. DeFrates of USA Waste Services, Inc., 214-233-4212/
 (UW)


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

WB -- NY069 -- 6330 10/25/93 12:35 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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