trending Market Intelligence /marketintelligence/en/news-insights/trending/gwiuhekewmkefmcdewad4w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Covanta reports increased EBITDA in Q2'18

Blog

Essential Energy Insights - February 2021

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Covanta reports increased EBITDA in Q2'18

Covanta Holding Corp. on July 26 reported second-quarter adjusted EBITDA of $103 million, compared to adjusted EBITDA of $93 million for the same quarter in 2017.

Covanta booked an adjusted loss per share of 1 cent for the second quarter of 2018, compared to a loss of 22 cents per share for the second quarter of 2017.

The S&P Capital IQ normalized consensus estimate for Covanta in the second quarter of 2018 was a loss of 8 cents per share.

The company recorded a second-quarter 2018 operating loss of $18 million, compared to operating income of $20 million in the prior-year period. Total operating expense increased to $472 million, from $404 million in the second quarter of 2017.

Total operating revenue for Covanta increased to $454 million in the second quarter of 2018, compared to $424 million in the prior-year period. Free cash flow before working capital for the second quarter was $3 million, compared to $4 million during the corresponding period of 2017.

Covanta reaffirmed full-year 2018 free cash flow guidance of $70 million to $100 million and adjusted EBITDA guidance for 2018 of $425 million to $455 million.