WSII Waste Services, Inc. featured news, full reports, and detailed charts
Waste Services, Inc. (WSII) Wrap Up:
Waste Services, Inc. (“Waste Services”) and its wholly owned subsidiaries (collectively, “we,” “us” or “our”) is a multi-regional, integrated solid waste management company. Waste Services, Inc. is a holding company and all of our operations are conducted by our subsidiaries. We provide collection, transfer, disposal and recycling services for commercial, industrial and residential customers in the United States and Canada. All statistics and data presented in this annual report are as of December 31, 2007 unless otherwise indicated. We service an estimated 84,000 commercial and industrial customers and an estimated 8.4 million residential homes. We operate seven landfills, 22 transfer stations, 14 recycling facilities and 35 collection operations. Our strategy is to operate in markets where we can obtain competitive advantages through economies of scale and preferential disposal alternatives. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f11%2f0000950144-08-001803.html#FIS_BUSINESS"Waste Services Inc. (WSII:NASDAQ)
Snapshot of Waste Services Inc. (WSII)
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OPEN
$7.80
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PREVIOUS CLOSE
$7.81
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DAY HIGH
$7.90
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DAY LOW
$7.74
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52 WEEK HIGH
11/18/09 - $7.91
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52 WEEK LOW
03/10/09 - $3.87
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MARKET CAP
359.8M
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AVERAGE VOLUME 3 mo
781.1K
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DILUTED EPS TTM
$-0.01
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SHARES OUTSTANDING
46.3M
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WSII Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
WSII Top Compensated Officers
Executives, Board Directors
Key developments for Waste Services Inc. (WSII)
Waste Services Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. On Non-GAAP basis, the company reported fully diluted earnings per share from continuing operations were $0.15 for the quarter as compared to $0.08 in the third quarter of 2008. Revenue for the quarter was $112.5 million compared to $125.7 million for the same quarter in 2008. Income from continuing operations for the quarter was $6.7 million as compared to income in the comparative period of $3.5 million. On GAAP basis, the company reported revenue of $112.4 million and income from operations of $17.2 million and income from continuing operations before income taxes of $10.39 million and income from continuing operations and net income of $6.7 million or $0.15 per basic and diluted share compared to revenue of $125.7 million and income from operations of $16.5 million and income from continuing operations before income taxes of $8.7 million and income from continuing operations and net income of $3.4 million or $0.08 per basic and diluted share for the same period a year ago. For the nine month period ended September 30, 2009, On Non-GAAP basis, the compared reported fully diluted earnings per share from continuing operations were $0.31 as compared to $0.28 in the corresponding period of 2008. Revenue for the period was $315.7 million compared to $370.6 million in 2008. Income from continuing operations for the period was $14.2 million as compared to income in the comparative period of $12.8 million. On GAAP basis, the company reported revenue of $315.7 million and income from operations of $43.3 million and income from continuing operations before income taxes of $23.01 million and income from continuing operations and net income of $14.1 million or $0.31 per basic and diluted share compared to revenue of $370.6 million and income from operations of $45.5 million and income from continuing operations before income taxes of $19.7 million and income from continuing operations and net income of $12.8 million or $0.44 per basic and diluted share for the same period a year ago. For the period, the company reported net cash flows provided by continuing operations of $47.1 million and capital expenditures from continuing operations of $24.4 million compared to net cash flows provided by continuing operations of $48.9 million and capital expenditures from continuing operations of $39.2 million for the same period a year ago. The company provided earnings guidance for the year 2009. The company announced that it adjusting guidance for the year to a range of $0.43 to $0.45 per share.
Waste Services Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported EBITDA from continuing operations of $28.2 million compared with $28.0 million for the same period a year ago. Adjusted EBITDA from continuing operations was $28.5 million compared with $28.9 million for the same period a year ago. For the nine months, the company reported EBITDA from continuing operations of $75.3 million compared with $80.4 million for the same period a year ago. Adjusted EBITDA from continuing operations was $74.9 million compared with $82.8 million for the same period a year ago. Net cash flows provided by continuing operations was $47.2 million compared with $48.9 million for the same period a year ago. Capital expenditures from continuing operations were $24.4 million compared with $39.2 million for the same period a year ago.
Waste Services Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
WSII Competitors
| Company | Last | Change |
| Casella Waste Systems Inc | $3.27 USD | +0.22 |
| Clean Harbors Inc | $54.46 USD | -0.23 |
| Newalta Income Fund | C$7.86 CAD | 0.00 |
| Valhi Inc | $10.37 USD | +0.05 |
| Waste Connections Inc | $31.79 USD | +0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | WSII | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.9x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 7.8x |
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| TEV/Sales | NM | Not Meaningful |
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WSII |
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WSII transactions
| Type Date |
Target |
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Merger/Acquisition
November 11, 2009 |
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Private Placement
September 16, 2009 |
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Merger/Acquisition
September 1, 2009 |
DisposAll, Inc., Miami-Dade Operations |
More Recent News About Waste Services, Inc.
More news for WSII
WASTE SERVICES, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements and Notes thereto included elsewhere in this report as well as our annual report on Form 10-K for the year ended December 31, 2008, as filed with the Securities and Exchange Commission, including the factors set forth in the section titled "Cautionary Statement Regarding Forward-Looking Statements" and factors affecting future results as well as our other filings made with the Securities and Exchange Commission. Overview We are a multi-regional, integrated solid waste services company, providing collection, transfer, landfill disposal and recycling services for commercial, industrial and residential customers. Our operating strategy is disposal-based, whereby we enter geographic markets with attractive growth or positive competitive characteristics by acquiring and developing landfill disposal capacity, then acquiring and developing waste collection and transfer operations. Our operations are located in the United States and Canada. Our U.S. operations are located in Florida and our Canadian operations are located in Eastern Canada (Ontario) and Western Canada (Alberta, Saskatchewan and British Columbia). We divested our Jacksonville, Florida operations in March 2008, and as a result, these operations are presented as discontinued for all periods presented. Sources of Revenue Our revenue consists primarily of fees charged to customers for solid waste collection, landfill disposal, transfer and recycling services. We derive our collection revenue from services provided to commercial, industrial and residential customers. Collection services are generally performed under service agreements or pursuant to contracts with municipalities. We recognize revenue when services are rendered. Amounts billed to customers prior to providing the related services are...Click here to read the whole Article (external link)
Waste Services Surges on Volume Spike
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WASTE SERVICES, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue112,461 107,485 95,792 102,394 Cost of Revenue71,204 69,484 63,208 66,460 Gross Profit41,257 38,001 32,584 35,934 Operating ExpensesResearch Development - - - 10,267 Selling General and Administrative13,085 12,740 13,209 18,853 Non Recurring(7)784 (3,310) - Others10,940 10,716 10,360 10,522 Total Operating Expenses - - - - Operating Income or Loss17,239 13,761 12,325 (3,708)Income from Continuing OperationsTotal Other Income/Expenses Net688 (356)1,771 (160)Earnings Before Interest And Taxes17,927 13,405 14,096 (3,868)Interest Expense7,528 7,392 7,498 11,662 Income Before Tax10,399 6,013 6,598 (15,530)Income Tax Expense3,682 2,567 2,588 (709)Minority Interest - - - - Net Income From Continuing Ops6,717 3,446 4,010 (14,821)Non-recurring EventsDiscontinued Operations - - - 4,276 Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
Levi & Korsinsky LLP Investigates Possible Breach of Fiduciary Duty by Board of Waste Services, Inc. - WSII
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
WASTE SERVICES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Agreement and Plan of Merger On November 11, 2009, Waste Services, Inc., a Delaware corporation ("WSI"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with IESI-BFC Ltd., a corporation amalgamated under the laws of the Province of Ontario ("IESI-BFC"), and IESI-BFC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of IESI-BFC ("Merger Sub"). The Merger Agreement provides that, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will be merged with and into WSI (the "Merger"). Following the Merger, the separate corporate existence of Merger Sub will cease and WSI will continue as the surviving corporation. The Merger has been approved by the board of directors of both WSI and IESI-BFC. Pursuant to the terms of the Merger Agreement, each share of common stock of WSI ("WSI Common Stock") that is outstanding immediately prior to the date and time the Merger becomes effective (the "Effective Time") shall be canceled and extinguished and automatically converted into the right to receive 0.5833 shares of IESI-BFC common stock (the "Conversion Number"). WSI warrants and stock options will generally convert upon consummation of the Merger and without any action on the part of the holder into warrants and stock options with respect to the IESI-BFC common stock, after giving effect to the Conversion Number. Cash will be paid to WSI stockholders in lieu of fractional shares of IESI-BFC common stock. The Merger Agreement also provides that upon consummation of the Merger, IESI-BFC will appoint two individuals, nominated by WSI and determined to be legally qualified and otherwise suitable by the board of directors of IESI-BFC, acting reasonably, to serve in such capacity, to the board of directors of IESI-BFC. The Merger is intended to qualify as a reorganization for U.S....Click here to read the whole Article (external link)
Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Waste Services, Inc.
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
WASTE SERVICES, INC. Files SEC form 8-K, Other Events
Show all filings for WASTE SERVICES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for WASTE SERVICES, INC. 12-Nov-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tradi...Click here to read the whole Article (external link)