IESI Reports 36% Revenue Increase

Patricia-Anne Tom

Ft. Worth, Texas -- IESI Corp. reported revenues for the three months ended June 30, 2004 increased 36 percent to $82.8 million, as compared with revenue of $60.9 million the same period in 2003. Income from operations for the 2004 Q2 period were $10.7 million, as compared with income from operations of $4.9 milion for the same period in 2003.

"Without a doubt, this quarter was one of the best quarters in our company's history," said CEO and President Mickey Flood. Fuel prices were approximately 18 cents higher for the period, but the company implemented a fuel surcharge throughout a significant portion of its customer base to offset its costs. Approximately 27.8 percent of the company's growth was due to acquisitions, Flood said.