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Progressive Waste Posts Jump in Net Income for First Quarter

Allan Gerlat

May 1, 2013

1 Min Read
Progressive Waste Posts Jump in Net Income for First Quarter

Progressive Waste Solutions Ltd. posted a jump in net income and revenue for its first quarter.

The Vaughan, Ontario-based Progressive Waste reported net income for the quarter ended March 31 climbed 33 percent to $29.3 million, or 25 cents per diluted share, compared with $22.1 million, or 19 cents per diluted share, in the 2012 period.

Revenue for the first period rose 11 percent to $486.6 million compared with $438.3 million, according to a news release.

The company said its growth came from tuck-in acquisitions and an improvement in organics revenue.

“Against this backdrop, we remain confident that we are on track to deliver on our outlook for 2013,” said Joseph Quarin, Progressive Waste vice chairman and CEO.

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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