Advanced Disposal Services, Inc. (ADSW) 10-Q Quarterly Report November 2017

PONTE VEDRA, Fla. (November 1, 2017) – Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue for the three months ended September 30, 2017 of $392.7 million versus $360.6 million in the same period of the prior year. Net income during third quarter 2017 was $3.5 million, or $0.04 per diluted share, versus net income of $3.8 million, or $0.06 per diluted share, in third quarter 2016. Excluding certain gains and expenses, adjusted net income in third quarter 2017 was $13.9 million, an increase of $3.2 million year-over-year, and adjusted diluted earnings per share was $0.16.

"Advanced Disposal has achieved significant year-over-year improvements in cash from operations and adjusted free cash flow as we execute on our strategy" said Richard Burke, CEO. "We also are seeing strong top-line growth through a combination of organic volume gains, disciplined pricing over the long-term, and accretive acquisitions."

Third Quarter Financial Highlights


•	Revenue of $392.7 million was up 8.9% over the prior year


•	Achieved combined organic price and volume growth of 3.6% led by strong disposal volume


•	Year-over-year growth from acquisitions was 4.8% due to the first quarter purchase of CGS Services, Inc. and twelve tuck-in acquisitions completed during the first nine months of 2017


•	Net income was $3.5 million or $0.04 per diluted share


•	Adjusted EBITDA of $112.3 million up $3.2 million year-over-year despite impact from storm, start-up, and other unforeseen costs of $3.7 million


•	Adjusted net income was $13.9 million and adjusted diluted earnings per share was $0.16


•	Year-to-date cash provided by operating activities was $247.4 million, an increase of 29%


•	Year-to-date adjusted free cash flow increased 23% to $111.6 million

Fiscal Year 2017 Guidance

The Company expects to continue to achieve strong revenue for the remainder of the year but will also be negatively impacted by a significant decrease in commodity prices and storm-related costs that carryover into the fourth quarter. Based on these factors, Advanced Disposal is making the following updates to its guidance:


•	Raising its full year 2017 revenue guidance to between $1,490 million to $1,505 million from its previous guidance of between $1,475 million to $1,490 million


•	Narrowing its adjusted free cash flow guidance to $121 million to $131 million


•	Revising downward full year adjusted EBITDA guidance to between $416 million and $419 million compared to the previous guidance of $423 million to $433 million

This guidance is based on current economic conditions and does not assume any significant changes in the overall economy. Please refer to the Special Note Regarding Forward-Looking Statements section of this press release.

Advanced Disposal will conduct a quarterly earnings conference call on November 2, 2017 at 9:00 a.m. EST. The call can be

accessed by dialing (866) 478-7805 domestically or (832) 445-1679 internationally and asking for conference ID 61562871 or

the Advanced Disposal Q3 2017 earnings call. This call will be recorded and available via replay approximately two hours after

the completion of the earnings call for thirty days. You may access the recording by dialing (855) 859-2056 or through the link

on the investor relations page of our website at www.AdvancedDisposal.com.

The calculation of free cash flow and adjusted free cash flow, as well as details of charges and other expenses that are excluded

from EBITDA and net income (loss) in arriving at adjusted EBITDA and adjusted net income, are contained in the “Reconciliation of Certain Non-GAAP Measures” section of this press release.

The following information was filed by Advanced Disposal Services, Inc. (ADSW) on Wednesday, November 1, 2017 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-Q Quarterly 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-Q report or click the link below:

https://last10k.com/sec-filings/report/1585790/000162828017010782/a93017ads10-q.htm

View differences made from one quarter to another to evaluate Advanced Disposal Services, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Advanced Disposal Services, Inc..

Continue

Assess how Advanced Disposal Services, Inc.'s management team is paid from their Annual Proxy

Advanced Disposal Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Advanced Disposal Services, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: ADSW
CIK: 1585790
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-17-010782
Submitted to the SEC: Fri Nov 03 2017 12:24:41 PM EST
Accepted by the SEC: Fri Nov 03 2017
Period: Saturday, September 30, 2017
Industry: Refuse Systems

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/adsw/0001628280-17-010782.htm

Advanced Disposal Services, Inc. (ADSW) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

SEC Filings

ADSW Valuations

ADSW Annual Reports

ADSW Quarterly Reports

ADSW Corporate News