Advanced Disposal Services, Inc. (ADSW) 10-Q Quarterly Report July 2019

Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue of $419.1 million for the three months ended June 30, 2019 versus $398.1 million in the same period of the prior year. Net loss during the second quarter 2019 was ($1.0) million or ($0.01) per diluted share and adjusted net income, which excludes certain gains and expenses, was $9.0 million, or $0.10 per diluted share.

"Our core business remains strong with 5.3% revenue growth including 3.2% of pricing gains during second quarter 2019," said Richard Burke, CEO. "Additionally, our commitment to the customers we serve, the safety of our employees, and the communities we operate in has never been stronger as we continue to live out our Service First, Safety Always culture. While we have experienced some headwinds year-to-date largely due to recycling, interest costs, and leachate from wet operating conditions, we are pleased that we have generated $148.5 million of cash flow from operations and $76.5 million of adjusted free cash flow."

Second Quarter Financial Highlights


•	Revenue of $419.1 million represented a 5.3% increase


•	Achieved total organic growth of 4.0%, which included average yield of 3.2% and volume growth of 0.8%


•	Year-over-year growth from acquisitions was 1.5%


•	Net loss was ($1.0) million or ($0.01) per diluted share. This included charges of $9.7 million for a fee case settlement, $9.6 million for landfill remediation expenses, and $3.6 million for merger-related costs, along with a net benefit of $13.7 million related to a 2012 tax audit settlement


•	Achieved adjusted EBITDA of $110.0 million, which included a $2.6 million year-over-year headwind related to declining recycling prices and higher recycling processing costs


•	Cash provided by operating activities was $148.5 million year-to-date 2019


•	Adjusted free cash flow year-to-date was $76.5 million

Investor Communications

On April 14, 2019, Advanced Disposal entered into a merger agreement with Waste Management, Inc. ("Waste Management") whereby a subsidiary of Waste Management will acquire all outstanding shares of Advanced Disposal for $33.15 per share in cash. In light of the pending transaction, we elected to cease conducting quarterly earnings conference calls until transaction closing, although we will continue to provide a quarterly earnings release. We also elected to enter into an extended quiet period related to investor communications and are no longer providing forward-looking guidance until the transaction is closed.

You should read the following information in conjunction with our audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2018, appearing in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission and our unaudited condensed consolidated financial statements and notes thereto as of and for the three months ended June 30, 2019, appearing in our Form 10-Q, to be filed with the Securities and Exchange Commission.

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 (loss) income 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 Tuesday, July 30, 2019 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/1585790/000162828019009256/a63019ads10-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 2019 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: 0001628280-19-009256
Submitted to the SEC: Tue Jul 30 2019 4:04:09 PM EST
Accepted by the SEC: Tue Jul 30 2019
Period: Sunday, June 30, 2019
Industry: Refuse Systems

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/adsw/0001628280-19-009256.htm

Advanced Disposal Services, Inc. (ADSW) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

SEC Filings

ADSW Valuations

ADSW Annual Reports

ADSW Quarterly Reports

ADSW Corporate News