Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.
Sponsored By
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 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.
