IESI Reports Q4 Revenue Increase

Patricia-Anne Tom

Ft. Worth, Texas – IESI Corp. reported revenue for the three months ended March 31, 2004, increased 33.7 percent to $74.1 million, compared to revenue of $55.4 million for the same period in 2003. Net loss for the period was $1.2 million, compared with a loss before the cumulative effect of a change in accounting principles of $501,000 for the same quarter in 2003. "Had it not been for inclement weather conditions in our Northeast region, which reduced our landfill disposal volumes, our internal growth and income from operations would have been stronger," said Mickey Flood, CEO and president.