|
COVANTA HOLDING CORPORATION REPORTS 2015 FOURTH QUARTER AND FULL YEAR RESULTS AND PROVIDES 2016 GUIDANCE MORRISTOWN, NJ, FEBRUARY 16, 2016 - Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three and twelve months ended December 31, 2015. FY 2014 FY 2015 (Unaudited, $ in millions, except per share amounts) Revenue $ 1,682 $ 1,645 Net (Loss) Income $
(2) $
68 Adjusted EBITDA $
474 $
428 Free Cash Flow $
240 $
147 Adjusted EPS $
0.39 $
0.07 Highlights and Accomplishments: • Completed 5 additional strategic acquisitions to expand Environmental Solutions business • Commenced NYC MTS contract operations • Established regional metals processing facility in Fairless Hills, PA • Durham-York moved into commercial operations in January 2016 • Dublin project construction over 50% complete - on track for late 2017 operations • Continuous Improvement initiatives underway utilizing Lean Six Sigma methodologies • Repurchased $50 million of stock Q4 2015 through January 2016 “We’ve taken several important steps forward since our last earnings call: we moved the Durham-York EfW project into commercial operations, made continued progress on a number of fronts in our strategic plan, and took advantage of the volatile market conditions to repurchase $50 million of stock,” said Stephen J. Jones, Covanta’s CEO. “Our Dublin facility is now more than halfway through construction and, operationally, our core EfW business is running very well. While we face continued weakness in the commodities markets, our long-term outlook for growing Free Cash Flow remains strong.” Full Year 2015 For the twelve months ended December 31, 2015, total revenue decreased by $37 million to $1.65 billion from $1.68 billion in 2014. Decreases in energy, recycled metals and construction revenue were partially offset by new waste and service revenue. The following information was filed by Covanta Holding Corp (CVA) on Tuesday, February 16, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/225648/000022564816000130/cva-123115x10k.htm
View differences made from one year to another to evaluate Covanta Holding Corp's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Covanta Holding Corp. Continue
Assess how Covanta Holding Corp's management team is paid from their Annual Proxy
Covanta Holding Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes: Voting Procedures Board Members Executive Team Salaries, Bonuses, Perks (责任编辑：) |
