The Scottsdale, Ariz.-based company, which last year acquired Browning-Ferris Industries Inc. forecast second-quarter revenues of between $1.43 billion and $1.46 billion and called for adjusted earnings before interest, taxes, depreciation and amortization to be between $500.0 million and $510.0 million.
Allied Waste, which earlier this year sold off certain Canadian and U.S. solid waste services assets, did not compare its first-quarter results with those from a year ago, saying such a comparison is "not meaningful due to the magnitude and financial structure of the BFI acquisition."
For the first quarter, Allied Waste reported adjusted net income available to common shareholders of $27.9 million, or 15 cents per share, on revenues of $1.378 billion.
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