Last $30.13 USD
Change Today -0.32 / -1.05%
Volume 277.7K
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

progressive waste solutions (BIN) Snapshot

Open
$30.55
Previous Close
$30.45
Day High
$30.80
Day Low
$30.09
52 Week High
11/25/14 - $31.47
52 Week Low
01/30/14 - $22.11
Market Cap
3.5B
Average Volume 10 Days
228.9K
EPS TTM
$1.08
Shares Outstanding
115.2M
EX-Date
12/29/14
P/E TM
27.8x
Dividend
$0.64
Dividend Yield
1.86%
Current Stock Chart for PROGRESSIVE WASTE SOLUTIONS (BIN)

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progressive waste solutions (BIN) Details

Progressive Waste Solutions Ltd. operates as a vertically integrated non-hazardous solid waste management company in North America. It operates through three segments: the U.S. South, the U.S. Northeast, and Canada. The company is engaged in the collection, transfer, disposal, and recycling of non-hazardous solid waste to commercial, industrial, and residential customers. It also owns and operates a power generating plant fuelled by landfill gas; and generates and sells methane gas. The company was formerly known as IESI-BFC Ltd. and changed its name to Progressive Waste Solutions Ltd. in May 2011. Progressive Waste Solutions Ltd. was founded in 2001 and is headquartered in Vaughan, Canada.

7,798 Employees
Last Reported Date: 02/14/14
Founded in 2001

progressive waste solutions (BIN) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $655.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $364.0K
Chief Financial Officer of IESI Corporation, ...
Total Annual Compensation: $472.5K
Executive Vice President of Strategy and Busi...
Total Annual Compensation: $407.7K
Senior Advisor
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

progressive waste solutions (BIN) Key Developments

Progressive Waste Solutions Ltd. Declares Quarterly Dividend, Payable on January 15, 2015; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

The board of directors of Progressive Waste Solutions Ltd. declared a quarterly dividend of CAD 0.16 per share to shareholders of record on December 31, 2014. The dividend will be paid on January 15, 2015. The company also announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $521,157,000 compared to $520,665,000 a year ago. Operating income was $65,485,000 compared to $50,776,000 a year ago. Income before net income tax expense and net loss from equity accounted investee was $52,504,000 against $31,875,000 for the same period a year ago. Net income was $40,814,000 or $0.36 per basic and diluted share compared to $20,094,000 or $0.17 per basic and diluted share a year ago. Cash generated from operating activities was $96,221,000 compared to $119,841,000 a year ago. Acquisitions were $166,000 against $1,530,000 for the same period a year ago. Purchase of capital assets was $40,169,000 against $67,277,000 for the same period a year ago. Purchase of landfill assets was $17,754,000 against $22,713,000 for the same period a year ago. Adjusted EBITDA was $139,842,000 against $134,901,000 for the same period a year ago. Adjusted EBITA was $81,241,000 against $75,235,000 for the same period a year ago. Adjusted operating income was $68,259,000 against $61,626,000 for the same period a year ago. Adjusted net income was $41,230,000 or $0.36 per diluted share against $31,348,000 or $0.27 per diluted share for the same period a year ago. Free cash flow was $62,260,000 or $0.54 per diluted share compared to $26,992,000 or $0.23 per diluted share a year ago. For the nine months, the company reported revenue of $1,504,428,000 compared to $1,524,032,000 a year ago. Operating income was $184,894,000 compared to $174,586,000 a year ago. Income before net income tax expense and net loss from equity accounted investee was $135,990,000 against $129,257,000 for the same period a year ago. Net income was $107,585,000 or $0.94 per basic and diluted share compared to $81,728,000 or $0.71 per basic and diluted share a year ago. Cash generated from operating activities was $283,209,000 compared to $320,126,000 a year ago. Acquisitions were $9,917,000 against $3,169,000 for the same period a year ago. Purchase of capital assets was $132,598,000 against $165,960,000 for the same period a year ago. Purchase of landfill assets was $42,505,000 against $48,506,000 for the same period a year ago. Adjusted EBITDA was $384,587,000 against $398,848,000 for the same period a year ago. Adjusted EBITA was $214,507,000 against $224,619,000 for the same period a year ago. Adjusted operating income was $190,654,000 against $187,037,000 for the same period a year ago. Adjusted net income was $113,219,000 or $0.98 per diluted share against $93,735,000 or $0.81 per diluted share for the same period a year ago. Free cash flow was $167,365,000 or $1.46 per diluted share compared to $133,332,000 or $1.16 per diluted share a year ago. The company reported that its full year revenue guidance range is unchanged, but it expects revenue to come in at the high end of range due in large part to stronger than expected volume growth. Adjusted EBITDA(A) guidance range is also unchanged, but EBITDA(A) is expected to come in at the low end range. Updated outlook calls for a lower effective tax rate. Original estimate of between 30 and 32% has been updated to between 23.5 and 24.5%. The lower effective tax rate is a reflection of where it currently expect to generate income before tax in 2014 compared to original 2014 plan. It expects free cash flow to be higher than originally predicted for 2014 due in large part to higher than anticipated proceeds recognized on asset sales. It anticipates that capital and landfill expenditures will be lower than originally expected for 2014. The lower spending expectation reflects lower than predicted replacement expenditures, which it expect will come in at slightly over 8% of revenues in 2014 compared to the 10% originally forecast in 2014 plan. Revenue is expected to be between $1,990 million to $2,010 million compared to previous guidance of $1,990 million to $2,010 million, which is unchanged. Adjusted EBITDA is expected to be between $528 million to $538 million compared to previous guidance of $528 million to $538 million, which is unchanged. Adjusted operating EBIT is expected to be between $245 million to $253 million compared to previous guidance of $245 million to $253 million, which is unchanged. Effective tax rate is expected to be between 64% to $66% compared to previous guidance of 64% to $66%, which is unchanged. Adjusted net income(A)per diluted share is expected to be between $1.31 to $1.32 compared to previous guidance of $1.06 to $1.15. Free cash flow(B) excluding additional internal infrastructure investment is expected to be between $231 million to $237 million compared to previous guidance of $210 million to $225 million. Capital and landfill expenditures is expected to be between $196 million to $200 million compared to previous guidance of $212 million to $216 million.

Progressive Waste Solutions Ltd. to Report Q3, 2014 Results on Oct 30, 2014

Progressive Waste Solutions Ltd. announced that they will report Q3, 2014 results at 8:30 AM, US Eastern Standard Time on Oct 30, 2014

Progressive Waste Solutions Ltd., Q3 2014 Earnings Call, Oct 30, 2014

Progressive Waste Solutions Ltd., Q3 2014 Earnings Call, Oct 30, 2014

 

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