BIN posts 2nd Qtr Results Posted - Ups Dividend Looks like BIN is steadily improving - here's a summary of their report:
Marketwire Canada
Progressive Waste Solutions Ltd. (the "Company") (NYSE:BIN)(TSX:BIN) reported financial results for the three and six months ended June 30, 2013.
Second quarter highlights
-- Consolidated revenues of $516.8 million in the second quarter, up 8.7% -- Consolidated organic revenue growth of 1.5% or 2.0% excluding the 0.5% decline in revenues due to lower recycled commodity prices versus the same period a year ago -- Adjusted EBITDA(A) of $134.9 million, up 1.7%, and adjusted operating income or adjusted operating EBIT(A) of $67.0 million, up 3.7% -- Free cash flow(B) of $61.5 million, up 8.8%. Excluding internal infrastructure investments, free cash flow(B) of $75.2 million, up 25.7% -- Reported and adjusted net income per share(A) of $0.28 and $0.31, respectively, versus $0.24 and $0.25 in the same period last year -- Guidance for 2013 updated to reflect changes to our foreign currency exchange assumption, actual results for the six months ended June 30, 2013 and a change to our long-term financing structure -- Board of Directors declares increase of 7.1% to quarterly cash dividend effective September 30, 2013