Fourth quarter revenue grows at a company best 9.2% year-over-year Full year cash from operations and adjusted free cash flow up 30% and 40%, respectively, versus prior year
Ponte Vedra, Fla.
PONTE VEDRA, Fla., Feb. 22, 2018 -- Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue for the three months ended December 31, 2017 of $384.4 million versus $352.0 million in the same period of the prior year. Net income during fourth quarter 2017 was $42.0 million, or $0.47 per diluted share, versus a net loss of $20.1 million, or $0.24 per diluted share in fourth quarter 2016. Excluding certain gains and expenses, adjusted net income in fourth quarter 2017 was $11.2 million and adjusted diluted earnings per share was $0.13.
"One of our key areas of focus is cash flow generation, and we are pleased that for 2017 Advanced Disposal achieved a 30% increase in cash from operations and 40% increase in adjusted free cash flow year-over-year," said Richard Burke, CEO. "We also are seeing strong top-line growth, which should position us well as we move into 2018."