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Advanced Disposal Posts Smaller Loss in First QuarterAdvanced Disposal Posts Smaller Loss in First Quarter

Allan Gerlat

May 14, 2014

1 Min Read
Advanced Disposal Posts Smaller Loss in First Quarter

Advanced Disposal Services Inc. reported a smaller loss for its first quarter as it continued to integrate its Veolia solid waste operations.

For the first period ended March 31, Ponte Vedra, Fla.-based ADS Waste Holdings Inc., which does business as Advanced Disposal, lost $19.3 million compared with $24.4 million in the 2013 period.

Excluding costs connected to the acquisition of Veolia ES Solid Waste and restructuring charges, operating income for the 2014 quarter totaled $10.2 million, compared with $8.7 million a year earlier, according to a news release.

Revenue rose 4.6 percent to $321.2 million compared with $307.2 million a year earlier.

“Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) decreased by $5.9 million from the comparable period driven principally by the effects of severe weather during the quarter impacting both productivity and operating expenses,” said CEO Charlie Appleby.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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