Houston-based Waste Management recorded a net income of $247 million on $3 billion in revenue during the second quarter of 2009. During the same period last year, the firm recorded a net income of $318 million on $3.5 billion in revenue.

Of the decline in revenue, a company press release said “only $186 million of the revenue decline, or 5.3 percent of revenue, was related to the impact of lower volumes in the solid waste collection and disposal business. The majority of the decline was due to commodity impact related to recycling materials, fuel and energy sales, and to foreign currency translation.”

For the first six months of this year, Waste Management posted a net income of $402 million on $5.8 billion in revenue. During the same period in 2008, the company posted a net income of $559 million on $6.8 billion in revenue.

Meanwhile, Phoenix-based Republic Services, bolstered by the acquisition of Allied Waste at the end of 2008, recorded a net income of $226 million on $2.1 billion in revenue during second-quarter 2009. For the same period last year, Republic posted a net income of $40.7 million on $827.5 million in revenue.

Folsom, Calif.-based Waste Connections reported a net income of $30.4 million on $302.8 million in revenue for the second quarter of 2009. During the same period last year, the firm reported a net income of $25.6 million on $267 million in revenue.

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