Date: October 21, 2003
Source: News Room
Allied Waste Industries, Inc. (NYSE: AW) today reported financial results for the third quarter ended September 30, 2003. Revenues for the three months and nine months ended September 30, 2003 were $1.394 billion and $4.032 billion, respectively compared with $1.297 billion and $4.000 billion in the same period of 2002. Operating income for the three months and nine months ended September 30, 2003 was $286 million and $811 million, compared with $334 million and $933 million in 2002. Cash flow from operations for the three months and nine months ended September 30, 2003 was $253 million and $630 million, respectively compared with $315 million and $761 million in 2002. Management was able to reduce its debt by $146 million over the quarter. Management blamed a challenging economic environment in which increasing costs outpaced its ability to raise prices.
More information: www.alliedwaste.com.
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