Ponte Vedra, Fla.-based Advanced Disposal Services saw its revenues rise 7 percent year-over-year in the second quarter fueled both by strong operational results as well as a series of tuck-in acquisitions the company has completed year-to-date.

Overall, revenues for the three months ended June 30 was $383.1 million versus $358.2 million in the same period of the prior year. Net loss during the second quarter of 2017 was $200,000 versus net income of 200,000 in the second quarter of 2016. 

"Advanced Disposal continues to attain significant year-over-year improvements in cash from operations and adjusted free cash flow as we execute on our strategy," CEO Richard Burke said in a statement. "At the same time, we have found profitable opportunities to reinvest in our business along with achieving organic growth that has driven strong-year-over-year revenue gains.  Based on our current performance and second half of the year forecast, we are raising our full year revenue guidance and reaffirming our full year adjusted free cash flow and adjusted EBITDA guidance."

Acquisitions drove nearly half of the increase led by the company's recent purchase of CGS Services Inc., along with seven tuck-in acquisitions completed during the first six months of 2017. Organic volume also turned positive during the second quarter at 0.6 percent driven by growth in disposal revenue and average price yield was 1.4 percent.

During a conference call with investors, Burke said he sees continued opportunity for mergers and acquisitions.

“Traditional tuck-in deals—the ones we like that are in 10 to 20 truck operations, mostly mom and pop operations in an existing markets—that’s a robust line,” Burke said. “What’s driving activity there is rising interest rates…. They have variable loans. Every time the Fed raise rates, it comes across their bottom lines.”

Burke added that “chunkier-sized deals” are out in the market as well.

“We’re having a lot of meetings. They are out there and we are pursuing,” he said.

Other financial highlights: