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

Allan Gerlat

August 14, 2014

1 Min Read
Advanced Disposal Posts Smaller Loss in Second Quarter

Advanced Disposal Services Inc. reported a smaller loss for its second quarter and first half, with the loss coming from the integration of an acquisition and restructuring charges.

The Ponte Vedra, Fla.-based Advanced Disposal, through its parent firm ADS Waste Holdings Inc., reported for the period ended June 30 a net loss of $15.4 million, compared with $25.1 million in the 2013 quarter.

Excluding costs involving the integration of Veolia ES Solid Waste and restructuring charges, adjusted operating income totaled $19.7 million in 2014 and $18.6 million in 2013, according to a news release.

Revenue climbed 7.9 percent to $359.9 million from $333.6 million a year earlier.

“We have increased our revenue from continuing operations by $26.3 or 7.9 percent over the comparable quarter in 2013 driven by volume of 7.4 percent and price of 0.9 percent, offset by other adjustments of 0.4 percent,” said CEO Richard Burke.

For the first six months, the company’s net loss totaled $34.7 million, compared with a net loss of $49.4 million in 2013. Revenue rose 6.3 percent to $681.1 million from $640.9 million.


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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