EXHIBIT 99.1
     
Contact:
  James P. Zeumer
Senior Vice President, Public Affairs,
Communications and Investor Relations
480-627-2785
FOR IMMEDIATE RELEASE
ALLIED WASTE REPORTS THIRD QUARTER 2007 RESULTS
    Strong Pricing Drives Q3 Revenues to $1.6 Billion
 
    Gross Margins* Expand 170 Basis Points to 38.0%
 
    Free Cash Flow* Increases to $169 Million
 
    Q3 EPS of $0.15, Includes Loss on Divestiture, Impairment and Debt Redemption Costs of $0.09 Per Share
 
    Full Year Outlook for Free Cash Flow Now Expected to Exceed $400 Million
Phoenix, AZ – October 31, 2007 – Allied Waste Industries, Inc. (NYSE: AW), the nation’s second largest waste services company, today reported financial results for its third quarter and nine-months ended September 30, 2007. Total revenue for the third quarter was $1.56 billion, an increase of $31.2 million, or 2.0%, over $1.53 billion for the third quarter 2006. The increase in revenue resulted from a 5.6% increase in same store average unit prices, driven by the Company’s programs to improve returns on invested capital. High prices for the period were partially offset by a 3.7% decrease in same-store volumes related primarily to a slowdown in the Company’s economy-sensitive lines of business including roll-off, construction and special waste.
For the quarter, income from continuing operations was $66.9 million, or $0.15 per share, inclusive of a loss on divestitures and asset impairments of $39.0 million, or $0.07 per share. Reported third quarter results also include expenses of $13.3 million, or $0.02 per share, associated with debt redemption costs. Prior year third quarter income from continuing operations was $70.6 million, or $0.17 per share, which included a loss on divestitures and asset impairment of $14.5 million, or $0.02 per share.
“The underlying operational strength of our business is evident in Allied Waste’s third quarter, as our strategic pricing programs and increased efficiencies continue to drive strong operating performance,” said John Zillmer, Chairman and Chief Executive Officer. “By remaining consistent in our business practices, we have been able to significantly increase free cash flow generation and overall financial returns even though the industry continues to face challenging economic conditions.”
Gross profit* for the quarter was $589.6 million, up $36.6 million, or 6.6%, over the comparable period last year. Gross profit as a percentage of revenue increased 170 basis points to 38.0%, reflecting the positive impact of higher prices and effective cost management that helped to reduce operating expenses by 0.6% to $966.7 million.
Operating income for the third quarter increased 1.3% to $251.4 million including the loss on divestitures and impairment charges of $39.0 million. Prior year operating income for the period was $248.1 million, including a loss on divestitures of $14.5 million. Operating income as a percent of revenue was 16.2%, down 10 basis points over the same period last year. Excluding loss on divestitures and impairment charges, operating margins for the quarter would have increased 140 basis points to 18.7%. Higher revenues and better profitability for the third quarter were offset by the loss on divestitures and impairment charges of $39.0 million, comprised of $14.5 million, or $0.03 per share, associated with the loss on sale of a landfill in the

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The following information was filed by Allied Waste Industries Inc on Wednesday, October 31, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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