Waste Connections Reports Second Quarter 2008 Results (PR Newswire)

FOLSOM, Calif., July 22 /PRNewswire-FirstCall/ -- Waste Connections, Inc. (NYSE: WCN - News ) today announced its results for the second quarter 2008. Revenue totaled $267.0 million, a 10.8% increase over revenue of $241.1 million in the year ago period. Operating income was $55.6 million versus $53.8 million in the second quarter of 2007. Net income in the quarter was $26.2 million, or $0.39 per share on a diluted basis of 67.8 million shares. In the year ago period, the Company reported net income of $25.3 million and diluted earnings per share of $0.36. Non-cash costs for equity-based compensation and amortization of acquisition-related intangibles were $3.3 million ($2.0 million net of taxes, or approximately $0.03 per share) in the quarter compared to $2.5 million ($1.5 million net of taxes, or approximately $0.02 per... [read full story]                    

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