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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 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.
