Date: August 1, 2002
Source: News Room
Allied Waste Industries Inc. (NYSE:AW), the nation's No. 2 U.S. waste hauler, has reported that quarterly profit fell slightly in the second quarter of 2002. Net income was $34 million, or 18 cents per share, in the second quarter, compared with $35.1 million, or 18 cents, last year. Excluding an after-tax expense of $14.6 million, or 7 cents per share, related to interest rate swap contracts, operating profit was 25 cents per share in this year's second quarter. Allied Waste said revenues fell slightly to $1.40 billion from $1.41 billion.
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