Covanta Holding (CVA) Misses Q4 EPS by 6c, Revenues Beat

Covanta Holding (NYSE: CVA) reported Q4 EPS of $0.04, $0.06 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $500 million versus the consensus estimate of $474.35 million.

"We finished 2018 on a strong note, delivering double-digit Adjusted EBITDA growth with record operating and safety performance," said Stephen J. Jones, Covanta's President and CEO. "Further, we have taken significant steps towards our strategic growth objectives, with our first UK project and first TAPS project recently moving into construction. Looking ahead to 2019, we expect to generate significantly improved Free Cash Flow, continue to optimize our unmatched domestic fleet, and move several new projects into construction in the UK."

For earnings history and earnings-related data on Covanta Holding (CVA) click here.

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