Integrated Waste Services Inc., the Buffalo-based waste management company, reported Wednesday that its sales and profits rose 64 percent during the first quarter.
Integrated said its net income rose to a record $171,000, or 6 cents a share, during the quarter ended March 31, up from $105,000, or 4 cents a share, a year earlier. Sales rose to a record $3.23 million from $1.95 million one year ago.
James H. Williams, the company's chairman and chief executive, said he was pleased with the performance. "In addition to outstanding growth in our Buffalo Transfer Station operations, our other areas of business performed in line with expectations as well," he said.
The company, which completed its initial public stock offering on May 14, also announced that it has received a contract worth about $500,000 to clean up a large stockpile of tires in Waterloo, Ont.