Budget Waste Inc. (BDGW) is a waste solutions company in Western Canada. The company provides complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With regulations throughout North America pressing companies and individuals to be more vigilant in the handling of waste products, the company plan to expand their distinctive services.
The company announced that its projected increase in revenues of 55% should be reached for the current year ending March 31, 2008. Budget Waste has generated an average monthly income of $1.35M for the first 9 months of 2007. This calculates into year-end revenue of approximately $16.2M and presents an increase of approximately $5.7M over the previous year’s income of $10.4M.
Last month, the company released its third quarter results. For the nine months ending December 31, 2007, the company reported revenues of $12,129M, an increase of $4,882M or 674% from $7,472M of the previous year. While the company instituted price increases during the nine month which included fuel surcharges, the greatest growth was from the effect of the acquisition of five of the thirteen companies acquired during the last two years. Results also show revenue of $4,160M for the quarter ending December 31, 2007, an increase of $1,929M, or 864% from the $2,230M in the same quarter of the previous year.
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