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Progressive Waste Posts Lower Results in Quarter

Progressive Waste Solutions Ltd. posted lower net income and revenue for its first period.

The Vaughan, Ontario-based Progressive Waste said for the quarter ended March 31 that net income fell 11.6 percent to $25.9 million compared with $29.3 million in the 2013 period.

Revenue slipped 3.5 percent to $469.8 million from $486.6 million in 2013, according to a news release.

"In the first quarter of 2014, we continued to make progress on our operational plan, despite challenging weather conditions, and, given the resumption of normal seasonal activities in April, we are reaffirming our outlook on all measures that we provided for 2014," said Joseph Quarin, Progressive Waste president and CEO.

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