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Covanta has made emissions data for its New Jersey waste-to-energy facilities publicly available on its website, enhancing transparency for stakeholders. This data, used by onsite operators, aims to foster community engagement and appreciation for Covanta's environmental efforts. In 2020, these facilities complied with emission limits over 99% of the time, serving over 1.8 million people and avoiding 1.8 million tons of greenhouse gases annually. Covanta continues to lead in sustainable waste management, converting 21 million tons of waste into renewable energy each year.
Covanta Holding Corporation (NYSE: CVA) declared a quarterly cash dividend of $0.08 per share, set to be paid on July 2, 2021. Stockholders on record as of June 24, 2021 will receive this dividend. Covanta excels in sustainable waste and energy solutions, converting approximately 21 million tons of waste annually into clean electricity for one million homes, while also recycling 600,000 tons of metal.
Covanta announced its partnership with local Connecticut law enforcement to promote the National Prescription Drug Take Back Day on April 24, 2021. This initiative resulted in the collection of 7,260 lbs of expired medications across Bristol, West Hartford, Meriden, and Berlin, contributing to a total of 21 tons statewide. Covanta ensures these medications are safely disposed of at its waste-to-energy facilities, preventing environmental harm and potential drug abuse. The company also offers mail-back envelopes for ongoing medication disposal, highlighting its commitment to sustainable waste management.
Covanta Holding Corporation (NYSE: CVA) announced its participation in several upcoming virtual investor conferences in May and June 2021. On May 5, Bradford Helgeson, CFO, will speak at the Oppenheimer Industrial Growth Conference at 11:15 AM (Eastern). Further, he is scheduled to present at the UBS Virtual Global Industrials & Transportation Conference on June 8 at 2:00 PM and the Stifel Virtual Cross Sector Insight Conference on June 9 at 8:40 AM. Finally, on June 28, the Stifel Waste 360 Investor Summit will feature Helgeson and Derek Veenhof, COO, at 3:25 PM.
Covanta Holding Corporation (NYSE: CVA) reported strong Q1 2021 results, with revenue of $498 million, up 6.4% from $468 million in Q1 2020. The net income improved to $2 million from a loss of $32 million. Adjusted EBITDA rose to $106 million, exceeding last year’s $97 million. The company raised its 2021 guidance, projecting Adjusted EBITDA between $460 - $480 million and Free Cash Flow of $125 - $155 million. A cost rationalization program aims for $30 million annual savings by 2023, and Covanta anticipates a leverage ratio below 5x by the end of 2022.
Covanta Holding Corporation (CVA) will host a conference call on April 30, 2021, at 8:30 AM (Eastern) to discuss its first quarter results. A press release detailing these results will be available after market close on April 29, 2021. Interested participants can join via phone or access a live webcast from the Investor Relations section of Covanta's website. Covanta is recognized for its sustainable waste-to-energy solutions, converting approximately 21 million tons of waste annually into clean energy.
Covanta Holding Corporation (CVA) announced a quarterly cash dividend of $0.08 per share, to be paid on April 9, 2021. Stockholders of record as of March 25, 2021, will be eligible for this dividend. Covanta is recognized for its sustainable waste and energy solutions, with its Waste-to-Energy facilities converting around 21 million tons of waste annually into renewable electricity, powering one million homes.
Covanta Holding Corporation (NYSE: CVA) reported its financial results for the year ended December 31, 2020, showing a revenue increase to $1.904 billion compared to $1.870 billion in 2019. Despite this growth, the company recorded a net loss of $28 million, down from a net income of $10 million in 2019. Adjusted EBITDA decreased slightly to $424 million from $428 million. Free Cash Flow also fell to $95 million, down from $140 million. The company expects to raise its 2021 guidance for Adjusted EBITDA between $435 - $465 million and Free Cash Flow between $100 - $140 million.
Covanta Holding Corporation (NYSE:CVA) will host a conference call on February 19, 2021, at 8:30 AM Eastern to discuss its fourth quarter and full year results.
A press release detailing the fourth quarter results will be issued after market close on February 18, 2021. The live conference call can be accessed by dialing 1-888-317-6003 (US) or 1-412-317-6061 (international) with the passcode 3286737.
Further information will be available in the Investor Relations section of Covanta's website.
Covanta (NYSE: CVA) has partnered with the Town of North Hempstead, NY for sustainable waste management, shifting from landfills to the Covanta Hempstead Waste-to-Energy facility. This agreement commenced on January 1, 2021, with an initial term of five years and potential extension of ten years. The switch is expected to eliminate 140,000 tons of waste and reduce carbon emissions by 4,000 tons annually, promoting environmental sustainability. Covanta operates four facilities on Long Island, collectively processing 1.8 million tons of waste yearly.
