Ronald Mittelstaedt, chairman and CEO, said, ``With the proceeds from our recent equity offering, Waste Connections has significantly improved its balance sheet. We continue to see a number of interesting acquisition opportunities which, combined by our renewed balance sheet strength, should provide good growth opportunities as we enter 2001. Overall, the third quarter was very strong operationally, as evidenced by our operating margins. We overcame higher fuel costs and substantially reduced recycling commodity values. We view this quarter as a continued validation of our business model focussing on secondary markets in the western U.S. We completed $17 million of acquired revenues late in the quarter and already another $13.5 million in the fourth quarter through the closing of our previously announced acquisition of Nebraska and Oklahoma assets from Waste Corporation of America. Internal growth remains strong and business conditions remain good despite some higher variable costs.''
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