The Top 100 Players in the Industry
CASH CONTINUED TO FLOW INTO the solid waste industry in 2006. That's one of the conclusions to take away from the 14th annual Waste Age 100.
The top five companies remained the same when compared with the 2005 listing, and all of those firms posted revenue increases from the previous year. Furthermore, the list is heavily populated with companies that did the same. And in this era of rising fuel prices, spiking insurance costs and more expensive containers, that's news that the industry will gladly take.
Industry executives are optimistic about how their firms will perform in 2007. “We produced excellent financial results throughout 2006 and laid a foundation on which we will build during 2007,” said David Steiner, CEO of Houston-based Waste Management, in a press release announcing the company's end-of-year results.
James O'Connor, chairman and CEO of Fort Lauderdale, Fla.-based Republic Services, is similarly bullish about his firm. “In 2006, we experienced another record-setting year,” he said in a press release detailing Republic's 2006 financials. “Annual revenue increased 7.2 percent for the full year as the company exceeded $3 billion in revenue for the first time in its history.”
Moving past the publicly traded companies, the revenue increases continued throughout the list.
Westboro, Mass.-based E.L. Harvey & Sons, which is ranked No. 42 on this year's list, reported $45 million in revenue for last year, a whopping increase of 25 percent from the $36 million the firm brought in in 2005.
Also, coming in at No. 95 on this year's ranking, Gap, Pa.-based TIER Holdings received $8.3 million in revenue in 2006, up from $7.9 in 2005.
Whatever challenges waste firms may have, continued revenue growth indicates they're getting the job done.
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© 2008 Penton Media Inc.
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