Waste Management Inc. announced financial results for its first quarter, ended March 31, 2000. Revenues for the quarter were $3.22 billion as compared to $3.07 billion in the year ago period, an increase of 4.8%. The company reported net income for the first quarter of $55.0 million, compared with $346.7 million for the first quarter 1999.
The company noted that important highlights of the first quarter's results include: Internal growth of 5.3% in the North American solid waste business, with 1.0%, or $24 million, of that from improved
commodity prices and fuel surcharges; approximately $13 million in excess fuel cost over budget due to fuel price variance; operating cash flow of $675 million (includes a $200 million tax refund).
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