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Waste Business Journal Weekly News Bulletin: Feb. 5-11, 2004

Headlines...

  1. California Landfill Opponents Mount New Challenge
  2. Waste Industries Makes Two Acquisitions
  3. Stericycle Reports Fourth-Quarter Results
  4. Waste Management Continues Work On Sharps Disposal
  5. Allied Reports Fourth Quarter, Year-End Results
  6. EMS Acquires Rom-Neg Construction
  7. Gundle/SLT Reports Fourth Quarter Earnings

 

  1. California Landfill Opponents Mount New Challenge

    Environmentalists fighting the Eagle Mountain Landfill in Riverside County, Calif. contend that fifty-year-old laws call for the federal Bureau of Land Management to return nearly 30,000 acres of land to the Joshua Tree National Park rather than selling it to the landfill's company. But developers say the property is already sold and is ready for construction. The landfill would take 20,000 tons of waste a day from Los Angeles County and the Coachella Valley. Riverside County would receive $2.75 to $5 per ton of waste dumped at the site...Read More »

  2. Waste Industries Makes Two Acquisitions

    Waste Industries USA, Inc. (Nasdaq: WWIN) has acquired two companies, All American Waste Management and L&M Sanitation. All American Waste Management, Inc. is a private subscription, residential and recycling services provider in the Northern Metro Atlanta market. L & M Sanitation provides private residential subscription services to eastern North Carolina...Read More »

  3. Stericycle Reports Fourth-Quarter Results

    Stericycle, Inc. (NASDAQ: SRCL) has reported results for the fourth quarter of 2003. Revenues for the quarter ended December 31, 2003 were $114.6 million, up 11 percent from $103.2 million in the same quarter last year. Gross profit was $51.1 million, up 18 percent from $43.3 million in the same quarter last year. Net income for the fourth quarter of 2003 rose 61 percent to $18.4 million, up from $11.4 million in the fourth quarter of 2002. During the fourth quarter of 2003, the company reduced debt by $11.9 million and repurchased $13.2 million of company stock...Read More »

  4. Waste Management Continues Work On Sharps Disposal

    Waste Management Inc. (NYSE: WMI) has made significant progress in the disposal of sharps, as per new EPA regulations. In 2001, Waste Management signed a joint marketing agreement with Sharps Compliance Corp. (OTCBB: SCOM) to introduce safe disposal systems for individuals who use needles or syringes in their homes. The Sharps Disposal by Mail system allows home users of sharps to order a disposal box through Waste Management. When the disposal box is full and ready to be emptied, home users can then send it directly by U.S. Mail to a resource recovery facility operated by Sharps Environmental Services of Texas Inc...Read More »

  5. Allied Reports Fourth Quarter, Year-End Results

    Allied Waste Industries Inc. (NYSE: AW) has reported a net loss of $2.8 million, compared with net income of $53.7 million a year earlier. The company also reported a net loss of $2.38 a share, compared with net income of 17 cents a share a year earlier. Revenue rose to $1.31 billion from $1.29 billion. For the full year 2003, Allied Waste had net income of $128.7 million, compared with $215.1 million a year earlier. Including all items, the company reported a net loss of $2.27 a share, compared with net income of 71 cents a share, a year earlier. Revenue increased 1.1% to $5.25 billion from $5.19 billion in 2002...Read More »

  6. EMS Acquires Rom-Neg Construction

    Environmental Management Solutions Inc. (TSX: EMS) has acquired all shares of Rom-Neg Construction Inc. EMS paid Rom-Neg total consideration of $1.7 million through shares and cash. During fiscal 2003 Rom-Neg had revenues of approximately $2 million. EMS provides integrated environmental solutions to a variety of industries...Read More »

  7. Gundle/SLT Reports Fourth Quarter Earnings

    Gundle/SLT Environmental, Inc. (NYSE: GSE) has announced a net income of $3.4 million, or $.28 per diluted share, for its fourth quarter ended December 31, 2003. This compares to a net loss of $1.5 million, or $.13 per diluted share, for the same period in 2002. The 2002 quarter's net loss included an extraordinary loss of $2.5 million, or $.21 per diluted share, for adjustments to the purchase price of Serrot International, Inc. Revenues for the fourth quarter of 2003 were $56.0 million up from $52.4 million for the same quarter of 2002...Read More »

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