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Allied Waste Industries, Inc.
TickerAW

www.alliedwaste.com

967 Hancock Rd
Bullhead City, AZ  86442
USA
Phone480.627.2700

Company Information
Company Information
IndustryWaste Management Services
  
# of Employees23700
  
OwnershipPublic Company
  
  
Company Security Requirements1. Very High
  
Company Storage Requirements1. Very High
  
Fortune 1000 Rank379
Description
Allied Waste Industries, Inc. is a non-hazardous solid waste management company in the United States. The Company provides collection, transfer, recycling and disposal services for approximately 10 million residential, commercial and industrial customers. The Company serves its customers through a network of 314 collection companies, 165 transfer stations, 166 active landfills and 58 recycling facilities in 122 major markets within 37 states. The Company operates only in the United States and Puerto Rico. The Company operates as a vertically integrated company, which entails picking up waste from businesses and residences and disposing of that waste in its own landfills to the extent that it is economically beneficial.


Top Executives
Executive NameTitle
Danner, DeniseSenior Vice President, Chief Accounting Officer, Controller
Donovan, TimothyExecutive Vice President, General Counsel, Corporate Secretary
Evans, EdwardExecutive Vice President, Chief Personnel Officer
Evans, EdwarsEVP - Human Resources And Organizational Development, Chief Personnel Offic
Hathaway, PeterChief Financial Officer, Executive Vice President
Slager, DonaldPresident, Chief Operating Officer
Zillmer, JohnChairman Of The Board, Chief Executive Officer
      
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Recent Company Events
DateType of EventDetails
2008-02-14Earnings/DividendsStrong Pricing Drives Q4 Revenue to Over $1.5 Billion

Q4 Gross Margins* Expand 180 Basis Points to 38.6%

Full Year Free Cash Flow* Up 92% to $479 Million

2008 Outlook Shows Continued Strong Financial Gains

PHOENIX, Feb. 14 /PRNewswire FirstCall/ Allied Waste Industries, Inc. , the nation's second largest waste services company, today reported financial results for its fourth quarter and year ended December 31, 2007. For the quarter, income from continuing operations was $117.6 million, or $0.27 per diluted share, inclusive of a tax benefit of $0.03 per share. Prior year earnings from continuing operations of $8.2 million, or $0.00 per diluted share, include charges totaling $0.17 per share associated with tax related matters, divestitures and asset impairments. For the quarter, adjusted earnings per share from continuing operations increased 41% over the prior year.

Total revenue for the fourth quarter was $1.52 billion, an increase of $54.8 million, or 3.7%, over prior year revenue of $1.47 billion. Higher revenue for the quarter was driven by a 5.7% increase in average price as the Company continued to benefit from ongoing implementation of its strategic pricing program. In addition, the Company's fuel recovery fee increased 50 basis points in the fourth quarter compared with the prior year which reflects the impact of higher diesel fuel costs. Higher prices for the period were partially offset by a 3.8% decrease in volumes related primarily to the continued slowing of the economy.

"This past year saw an acceleration in key business performance measures including earnings growth, margin expansion, cash flow generation and, in turn, debt reduction," said John Zillmer, Chairman and Chief Executive Officer. "By strengthening our core capabilities, we have been able to deliver excellent financial results, while building an operating and financial platform that supports the future growth of Allied Waste."

Gross profit* for the quarter was $586.7 million, up $47.0 million, or 8.7%, over the comparable period last year. Gross profit as a percentage of revenue increased to 38.6%. The 180 basis point expansion in gross margins reflects the positive impact of higher prices, the systematic elimination of low margin business and the Company's continued success in flexing down costs in response to lower volumes. Operating income for the quarter increased 17.6% to $294.6 million, compared with $250.5 million last year. Fourth quarter operating income as a percent of revenue was 19.4%, an increase of 230 basis points over the same period last year.

Fourth quarter cash flow from operations was $324.3 million, compared with $289.8 million in the prior year, as the quarter benefited from higher operating income, partially offset by changes in working capital. Free cash flow* for the quarter gained 14.0% to $164.2 million, as increased cash flow from operations was partially offset by higher capital expenditures. Free cash flow for the full year increased 92% to $479.0 million, compared with $250.1 million for the prior year, resulting primarily from the strong increase in operating income and favorable changes in working capital.

For the year ended December 31, 2007, Allied Waste's revenue was $6.07 billion, an increase of $160.2 million, or 2.7%, over prior year. Continued strong pricing for the year of 6.0% was partially offset by a 3.5% decline in annual volumes driven primarily by a slowdown in housing construction.

Operating income for the year increased 10.6% to $1.06 billion, as operating margins expanded 120 basis points to 17.4%. Income from continuing operations in 2007 doubled to $309.8 million, compared with 2006 income of $155.8 million. Reported 2007 earnings from continuing operations increased to $0.71 per diluted share, inclusive of approximately $0.14 per share in charges associated with asset sales, impairments and refinancing costs, partially offset by $0.05 per share in tax b
2008-01-31Contract/AgreementsAllied Waste Services of San Antonio Awarded Exclusive Contract to Manage Waste Services and Recycling Effort at Annual Event

SAN ANTONIO, Jan. 31 /PRNewswire FirstCall/ Allied Waste Services of San Antonio today announced that it has renewed its solid waste services contract with The San Antonio Stock Show and Rodeo (SA Rodeo) to manage all waste services over the course of the event, which extends from January 31 February 17, 2008, at the AT&T Center in San Antonio.

Allied Waste Services of San Antonio will provide the event with reliable, efficient waste removal services, while also supporting the event in achieving the goal of becoming the first rodeo in the United States to "GO GREEN."

"We are thrilled to partner with the SA Rodeo in providing this exciting annual event with superior solid waste management and recycling services," said Greg Rutherford, General Manager of Allied Waste Services of San Antonio. "In the true nature of our long time partnership with SA Rodeo, we are working closely to recycle the highest possible quantities of the waste generated by the event. We commend SA Rodeo for embracing recycling and making this goal an imperative of the rodeo."

"Having operated in the San Antonio area for many years, we are very excited to see the open embrace of and commitment to recycling that the SA Rodeo has undertaken at this year's event," said Brad Dugas, District Manager, South Central Texas. "We are encouraging our customers throughout South Central Texas to engage with this important topic and expect to see more events like this adopt increased recycling efforts going forward."

Allied Waste Services of San Antonio is a major provider of solid waste management services that has operated in the San Antonio area for more than 35 years. Major Allied Waste facilities in the San Antonio area include the Tessman Road Landfill and ACCO Recycling center. In addition to The San Antonio Stock Show and Rodeo, Allied Waste serves major customers including CPS, NISD, Cardell Cabinetry and SAWS. Allied Waste employs approximately 285 people in the immediate San Antonio region, and more than 3,500 in the state of Texas, out of approximately 24,000 employees nationwide.

Allied Waste's Commitment to Sound Environmental Stewardship

Nationwide, Allied Waste is committed to sound environmental stewardship and working closely with customers to help them achieve their own "green" goals. The company's environmental initiatives extend beyond the management of waste volumes and include alternative energy generation and the introduction of clean burning alternative fuels into its fleet.

In the area of alternative energy, Allied Waste is a leader in advancing landfill gas to energy (GTE) solutions. The company currently has 52 landfill gas to energy projects underway, including 41 electric generation plants, operating at facilities owned or operated by the company's subsidiaries across the country. In the San Antonio area, Tessman Road Landfill has one of these electric generation plants, and it is currently supplying power to more than 7,500 homes. The emission reduction achieved by Allied Waste's current projects nationwide is equal to removing approximately 2.6 million vehicles from the road each year, providing heat/power to approximately 240,000 homes, or receiving the benefits of planting 3.7 million acres of trees. In addition, the company has over a dozen projects in permitting or under construction.

Allied Waste also is introducing clean burning alternative fuels into its fleet. In San Mateo County, California, where Allied Waste serves more than 100,000 residential and commercial customers, the company has converted its entire 225 heavy duty truck fleet to clean burning biodiesel fuel. This achievement will make it one of the largest users of B20 biodiesel in Northern California and reduce the company's local carbon emissions by more than 3.3 million pounds each year the equivalent
2007-12-18Company FinancingAllied Waste Industries, Inc. today announced that its wholly owned subsidiary, Allied Waste North America, Inc., successfully completed the concurrent offerings of $30 million in principal amount of Indiana Finance Authority Solid Waste Revenue Variable Rate Demand Bonds (Allied Waste North America, Inc. Project) Series 2007A due 2017 and $10 million in principal amount of The Industrial Development Authority of the County of Yavapai Solid Waste Revenue Variable Rate Demand Bonds (Allied Waste North America, Inc. Project) Series 2007A due 2017. Both offerings are backed by a letter of credit as credit enhancement for the bonds. Inclusive of the letter of credit fees, the initial all in cost to Allied is approximately 4.85%. As of the date of issuance, the bonds bear variable interest rates reset weekly based on market rates.

"We are pleased to be able to partner with the Indiana Finance Authority in Indiana and The Industrial Development Authority of the County of Yavapai in Arizona," said Pete Hathaway, Executive Vice President and Chief Financial Officer of Allied Waste. "This attractive rate financing promotes continued economically beneficial investment throughout the State of Indiana and the State of Arizona, home to our Operations Support Center."

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

About Allied Waste Industries, Inc.

Allied Waste is America's second largest non hazardous solid waste services company and an environmental leader. Headquartered in Phoenix, AZ, Allied Waste provides waste collection, transfer, recycling and disposal services to millions of residential, commercial and industrial customers in over 100 major markets spanning 37 states and Puerto Rico. Our team of 24,000 dedicated employees operates within a highly efficient, integrated organization that generated approximately $6 billion of revenue in 2006.

Websites: http://alliedwaste.com and http://disposal.com s.server=server() s.channel="news release" s.pageName="news_release_allied waste announces closing of $40 million in solid waste revenue bonds" s.prop2="109" s.prop3="12 18 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); //
2007-12-18IPO's/OfferingsAllied Waste Industries, Inc. today announced that its wholly owned subsidiary, Allied Waste North America, Inc., successfully completed the concurrent offerings of $30 million in principal amount of Indiana Finance Authority Solid Waste Revenue Variable Rate Demand Bonds (Allied Waste North America, Inc. Project) Series 2007A due 2017 and $10 million in principal amount of The Industrial Development Authority of the County of Yavapai Solid Waste Revenue Variable Rate Demand Bonds (Allied Waste North America, Inc. Project) Series 2007A due 2017. Both offerings are backed by a letter of credit as credit enhancement for the bonds. Inclusive of the letter of credit fees, the initial all in cost to Allied is approximately 4.85%. As of the date of issuance, the bonds bear variable interest rates reset weekly based on market rates.

"We are pleased to be able to partner with the Indiana Finance Authority in Indiana and The Industrial Development Authority of the County of Yavapai in Arizona," said Pete Hathaway, Executive Vice President and Chief Financial Officer of Allied Waste. "This attractive rate financing promotes continued economically beneficial investment throughout the State of Indiana and the State of Arizona, home to our Operations Support Center."

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

About Allied Waste Industries, Inc.

Allied Waste is America's second largest non hazardous solid waste services company and an environmental leader. Headquartered in Phoenix, AZ, Allied Waste provides waste collection, transfer, recycling and disposal services to millions of residential, commercial and industrial customers in over 100 major markets spanning 37 states and Puerto Rico. Our team of 24,000 dedicated employees operates within a highly efficient, integrated organization that generated approximately $6 billion of revenue in 2006.

Websites: http://alliedwaste.com and http://disposal.com s.server=server() s.channel="news release" s.pageName="news_release_allied waste announces closing of $40 million in solid waste revenue bonds" s.prop2="109" s.prop3="12 18 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); //
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