2020 earnings coverage: Covanta
The industry's largest incinerator operator was affected by the pandemic like many others and later initiated a strategic review that could bring notable changes to its future.
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5 key pandemic trends from the solid waste industry's Q1 earnings reports
By Cole Rosengren and E.A. Crunden • May 13, 2020Results are in for seven publicly traded North American companies, and it's clear the industry is resilient. But many questions remain about adapting to volume shifts and whether early optimism for economic recovery will bear out. Read the full article ➔
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Major waste and recycling companies report on a uniquely challenging Q2
By Cole Rosengren and E.A. Crunden • July 31, 2020The first full quarter to reflect the pandemic's effects showed volume and revenue declines among some solid waste companies, but it also saw multiple signs of resilience. Read the full article ➔
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Major shake up at Covanta as CEO exits, company launches strategic review of all operations
By E.A. Crunden and Cole Rosengren • Oct. 30, 2020The company's stock has consistently underperformed, depsite the strategic value of its facilities. All options are said to be on the table, including selling assets or exiting lines of business, under new CEO Michael Ranger. Read the full article ➔
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Covanta exploring multiple potential divestitures, sees UK as 'primary growth avenue'
By Cole Rosengren • Feb. 19, 2021A strategic review led by Covanta's new CEO will be completed mid-year, as the company prepares to shop assets and consider cost reductions. Four of its upcoming U.K. projects are expected to be increasingly profitable. Read the full article ➔
Recommended Reading
- 2020 earnings coverage for US waste and recycling companies By Waste Dive Team • Feb. 24, 2021