Heightened security at airports produced quality and quantities of garbage for a day. Thousands of dollars worth of unopened bottles of wine, perfume and other valuable liquid materials people had in their carry-on luggage was unceremoniously thrown away in the trash...Read More »
Waste Industries USA, Inc. Declares Quarterly Cash Dividend
Waste Industries USA, Inc. (Nasdaq: WWIN) recently increased its quarterly cash dividend to $0.10 per share payable on September 1, 2006 to shareholders of record at the close of business on August 25, 2006. The 11% increase in the dividend is part of a previously announced annual dividend policy to reward shareholders based on improved company performance...Read More »
New Orleans Mayor Orders Landfill to Close
Mayor Ray Nagin and New Orleans city attorneys prepared a cease-and-desist order to be delivered Monday, August 14th to the Chef Menteur Highway landfill operated by Waste Management of Louisiana. It is unclear whether this action would cause revocation of the landfill's state permit...Read More »
BFI Canada Posts Results for the Second Quarter - Will Increase Distribution by 7%
BFI Canada reported solid organic growth in revenues for the second quarter (ended June 30, 2006) to $192.6 million from $181.7 million but more modest gains in EBITDA and net income for the quarter versus the same period last year. Financials include those of IESI which was acquired on January 20, 2005. Based on performance and favorable exchange rates, the Company will increase dividends (distributions) by 7% to $1.8 from $1.7 per trust unit for unitholders of record on August 31, 2006...Read More »
Tower of Babel: 30 States Are Grappling With E-Waste Bills
So far this year about 30 states are working on some form of e-waste legislation. The problem is that everyone disagrees on both the approach and scope. Lacking a federal law brings the battleground to individual states. Already states have often divergent programs with more expected this year. Many state politicians would like federal intervention, but are eager to address the problem now rather than wait...Read More »
Transcripts Released in San Jose Mayor Gonzales Case
2,400 pages of transcripts of testimony released Friday in the San Jose garbage scandal case contributes little insight into whether San Jose Mayor Ron Gonzales actually committed the crimes alleged in the seven count indictment. Much of the testimony seems to support the defense's version of events surrounding the recognizing of the Teamsters union at a recycling plant subcontracted by Norcal Waste Systems instead of the lower wage rate Longshoremen's union...Read More »
Clean Harbors Exceeds Expectations with Record Second Quarter Revenues and Profits
Clean Harbors, Inc. (Nasdaq: CLHB) reported a 15% increase in second quarter (ended June 30, 2006) revenues of $200 million from $174 million in the same period last year. Operating income grew at an even faster 24% clip to $17.8 million from $14.4 million while net income jumped to $11.3 million ($0.55 per share) from $7.3 million ($0.43 per share) in the same period last year...Read More »
Gundle/SLT Reports Improved Revenues but a Net Loss for Second Quarter
Gundle/SLT Environmental, Inc. (GSE) reported a 19% increase in second quarter revenue to $103 million from $87 million in the same period last year. A 16.6% increase in shipments was the primary engine of that growth. However, net income for the quarter suffered from unusual expenses related a personal injury claim and interest expense. These resulted in a net loss of $0.759 million from $1.035 million a year ago...Read More »
Avalon Holdings Reports Second Quarter Results
Revenues for Avalon Holdings Corp. (Amex: AWX) increased to $9.2 million in the second quarter, ended June 30, 2006, from $8.7 million in the same period last year. Similarly, income from continuing operations also increased to $.1 million from a loss of $.1 million last year...Read More »
GreenMan Technologies Reports Five Percent Drop in Third Quarter
GreenMan Technologies, Inc. (OTCBB: GMTI) reported a 5% drop in net sales from continuing operations in the three months ended June 30, 2006 to $5.5 million from $5.8 million in the same period last year. During the period the company processed some 3.9 million passenger tire equivalents versus 4.1 million last year. Armed with a new credit facility, the company is engaged in a turnaround having recently divested of its California operations in order to focus on its core business in the Midwest...Read More »
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