American Recycler - Free PDF Hosting

Section B Page 4 American Recycler, September 2008
Second quarter
profits up 22%
at Allied Waste
Allied Waste Industries, Inc. reported
financial results for its second quarter and
six months ended June 30, 2008.
For the quarter, income from continuing
operations increased 22% to $111.4
million, or $0.25 per share, inclusive of net
charges of $0.02 per share, primarily associated
with merger-related costs. On an
adjusted basis, 2008 second quarter earnings
per share were $0.27, an increase of
29% over prior earnings of $0.21 per
share.
Total revenue for the second quarter
was a record $1.58 billion, an increase of
$35 million, or 2.2%, over $1.55 billion in
the second quarter 2007. Higher revenue
for the quarter benefited from a 6.9%
increase in average price, of which 280
basis points were associated with the company’s
fuel recovery fee, partially offset by
a 4.8% decrease in volumes. Lower volumes
for the quarter primarily reflect the
impact of U.S. economic conditions.
For the six-month period ended June
30, 2008, Allied Waste’s revenues were
$3.07 billion, as strong pricing drove a
$74.4 million increase over the prior year.
Operating income for the period increased
6.7% to $543.8 million, inclusive of $32.8
million of merger-related costs, losses
from divestitures and asset impairments.
Income from continuing operations was
$184.0 million for the first half of 2008,
compared with $125.3 million for the first
half of 2007. Diluted income from continuing
operations increased to $0.42 per
share, compared with $0.29 per share in
the prior year.
and enjoy our northern hospitality
where there seems to be more
moose than people!
Pdf downloaded from http://www.thepdfportal.com/0908_31652.pdf
Gasrec, Veolia and Iveco commence CBM trial
Gasrec, the UK’s first commercial
producer of liquid biomethane fuel, Veolia
Environmental Services, the UK’s
largest waste management company, and
full range commercial vehicle manufacturer
Iveco, announced the commencement
of a commercial trial of a liquid
gas fuel.
Veolia is testing compressed biomethane
(CBM), which is produced
from gas extracted from a landfill. The
natural gas-powered daily light commercial
vehicle in use for the trial is one of
the latest generation of natural gas-powered
vehicle manufactured by Iveco and
was supplied by Gasrec to Veolia Environmental
Services. Gasrec will provide
CBM for a trial lasting six months and
Waste Connections sees
second quarter increase
Waste Connections, Inc. announced
its results for the second quarter 2008.
Revenue totaled $267 million, a
10.8% increase over revenue of $241.1
million in the year ago period. Operating
income was $55.6 million versus $53.8
million in the second quarter of 2007.
Net income in the quarter was $26.2 million,
or $0.39 per share on a diluted
basis of 67.8 million shares.
For the six months ended June 30,
2008, revenue was $517.3 million, a
12.5% increase over revenue of $460
million in the year ago period. Operating
income was $106.4 million versus
$100.2 million for the same period in
2007. Net income for the six months
ended June 30, 2008, was $49.4 million,
or $0.73 per share on a diluted basis of
68.0 million shares.
Big smiles
and even bigger fish!
Come catch a memory at Horwood Lake Lodge
Horwood Lake is a beautiful 14,000 acre body of water in northern Ontario.
You’ll enjoy steep granite cliffs, sandy beaches and wooded shorelines.
5 Star Dining Experiences
Sauna and Screened Lounge
the performance of the fuel will be
measured against existing vehicles running
on Compressed Natural Gas
(CNG). The vehicle will be refueled at a
CBM refueling station installed by Gasrec
at Camden Council’s York Way
depot.
The project aims to demonstrate
that biomethane is a commercially competitive
and environmentally sound fuel
that can be directly substituted for natural
gas. The Government considers biomethane
to be the most sustainable biofuel
in terms of impact on resource
depletion in relation to alternatives such
as biodiesel and ethanol. Biomethane
also has the lowest carbon intensity of
all commercially available biofuels – on
Nightly Bonfires
Rental Boats and Supplies
a well-to-wheel basis, biomethane
reduces CO2 emissions by up to 70% in
comparison to fossil diesel, with the
potential to significantly improve local
air quality. 1.1 tons of CBM is also
equivalent to 317 gallons of diesel,
which is sufficient to fuel a 49-ton heavy
goods vehicle for an entire week.
This new fuel is also designed to
bring an end to any issues associated
with the quality of natural gas available
in the UK and offers fleet operators a
serious and renewable alternative. Gasrec
supplies the fuel by tanker in liquid
form for bunkered storage – providing
an ideal solution for applications where
vehicles operate on a regular back-tobase
cycle.
Valhi announces WCS to begin
construction at Andrews County site
Valhi, Inc. announced that its wholly-owned
subsidiary, Waste Control Specialists,
LLC (WCS), has awarded a
three-year, $80 million contract to URS
to lead the design and construction of
new permanent disposal facilities and
infrastructure improvements at WCS’s
site in Andrews County, Texas.
These new facilities will enable
WCS to begin operations under its
license issued by the Texas Commission
on Environmental Quality (TCEQ) in
May 2008 to dispose of radioactive
byproduct material and enhance its bulk
waste handling and disposal capabilities.
The URS contract contains three
separate elements:
The addition of a railroad loop and
facilities for unloading hazardous waste
materials from rail cars;
Construction of the byproduct disposal
landfill; and
Construction of a low-level
radioactive waste (LLRW) disposal and
fill facility upon the TCEQ’s approval of
WCS’s pending LLRW disposal license
application.
The WCS facility in Andrews County,
Texas is currently licensed for the
processing, storage and disposal of a
broad range of hazardous, toxic and
byproduct wastes and certain types of
low-level and mixed low-level radioactive
wastes.
Be careful about reading health books. You may die of a misprint.
Guided ATV Adventures
Mountain Bicycles
Call toll-free
866-242-9992
or visit www.HorwoodLakeLodge.com
for pictures and a brochure.