Allied sheds marginal work, posts strong 1Q.(News)(Financial report)
Waste News, May, 2007
Byline: Jim Johnson When talking with Wall Street, Allied Waste Industries Inc.'s CEO talks about the success of price optimization and account rationalization. What that means is that the nation's second-largest solid waste management company is seeing better profits by raising prices and shedding marginal work.
Allied actually saw earnings per share dip slightly during the first quarter due to the cost of refinancing debt. Otherwise, the Phoenix, Ariz.-based company would have posted a 75 percent increase in earnings per share. Allied earned $30.5 million, or 7 cents per diluted share from continuing operations, on revenue of $1.46 billion. That compares with earnings of $26.5 million, or 8 cents per diluted share from continuing...
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