July 27, 2010 / 9:23 PM / 7 years ago

UPDATE 1-IESI-BFC Q2 profit up on higher pricing

* Q2 EPS $0.21 vs $0.18 yr-ago

* Q2 adj EPS $0.25 vs est $0.25

* Q2 rev up 18.1 pct to $299.6 mln

* Sees FY rev of $1.39 bn-$1.42 bn

July 27 (Reuters) - Canadian waste management company IESI-BFC Ltd BIN.TO posted a 31 percent rise in its quarterly profit, helped by higher volumes and pricing across its segments.

For the full year, the company said it expects revenue in the range of $1.39 billion to $1.42 billion.

Analysts on average were expecting revenue of $1.41 billion, according to Thomson Reuters I/B/E/S.

For the second quarter ended June 30, the company earned $19.8 million, or 21 cents per share, compared with $15.1 million, or 18 cents a share, a year ago.

Adjusted net income was 25 cents per share, the company said in a statement. Revenue for the quarter rose 18.1 percent to $299.6 million.

Analysts on average were expecting earnings of 25 cents a share, excluding items, on revenue of $290.9 million, according to Thomson Reuters I/B/E/S.

Core price increased by 3 percent and volumes grew by 7.2 percent in Canada. In the United States, core price grew by 2 percent and volumes grew by 3.4 percent, the company added.

Shares of the company closed at C$23.41 Tuesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Roshni Menon)

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