Date: April 25, 2002
Source: News Room
Most of solid waste companies should report higher earnings for the first quarter than a year ago because of the elimination of goodwill amortization. The elimination of goodwill, required under new accounting rules, eliminates an expense for most companies, boosting their bottom lines. But the lingering effects of a slow economy offset any benefit the companies realized from relatively mild winter, according to analysts. The sector is still contending with declines in some forms of wastes, lower recycled commodity prices, and reductions in tipping fees.
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