Date: February 7, 2002
Source: News Room
Allied Waste Industries Inc. (AW, Scottsdale, Ariz.) announced fourth quarter and year-end 2001 financial results on Feb. 13. 2001 revenues were $5.66 billion, down slightly from $5.71 billion in 2000. Adjusted EBITDA was $1.93 billion, down slightly from $2.01 billion in 2000. 2002 estimates are for $5.6 billion and $1.85 billion, based on "a continuation of the weak economic conditions." Furthermore, and of considerable interest to equipment vendors, "capital expenditures for 2002 will be heavily weighted toward the first quarter... and could be as much as $300 million."
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