Net income for the first quarter of 2006 was $3.5 million, which includes a $4.7 million favorable impact for Accounting for Derivative Instruments and Hedging Activities. This compares to a net loss of $6.2 million in the first quarter of 2005, which includes a $3.6 million unfavorable impact for FAS 133.
After adjusting for FAS 133, the net loss for the quarter was $1.2 million, compared to a loss of $2.6 million in the first quarter of 2005, adjusting for similar items. The difference of about $1.4 million includes the effects of increased conversion pricing and production improvements offset by increased natural gas costs of $5.5 million and increased interest expense of $1.1 million.
Latest from Recycling Today
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
- Vecoplan to present modular solutions at IFAT 2026
- Terex Ecotec appoints Bradley Equipment as Texas distributor
- Greenwave raises revenue but loses money in Q2 2025
