Covanta (formerly the Ogden Corporation) develops and constructs, owns and operates infrastructure for the conversion of waste-to-energy and independent power production in the United States and abroad. The Company owns or operates power generation facilities that use a variety of fuels, including municipal solid waste, water (hydroelectric), natural gas, coal, wood waste, landfill gas, heavy fuel oil and diesel fuel. Covanta also operates potable water treatment facility which is located in the United States.

Employee Rating

3.4More
TypePublic
HQMorristown, US
Founded1983
Size (employees)3,700 (est)
Websitecovanta.com
Covanta was founded in 1983 and is headquartered in Morristown, US
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Key People/Management at Covanta

Stephen J. Jones

Stephen J. Jones

President and Chief Executive Officer
Brad Helgeson

Brad Helgeson

Executive Vice President and Chief Financial Officer
Derek W. Veenhof

Derek W. Veenhof

Executive Vice President, Asset Management
Michael J. de Castro

Michael J. de Castro

Executive Vice President, Supply Chain
Matthew Mulcahy

Matthew Mulcahy

Executive Vice President, Head of Corporate Development
Paul Stauder

Paul Stauder

President, Covanta Environmental Solutions
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Covanta Office Locations

Covanta has offices in Morristown, Scottsdale, Wallingford, Tulsa and in 28 other locations
Morristown, (HQ)
445 South St
Shanghai,
2277 Long Yang Lu
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Covanta Financials and Metrics

Covanta Revenue

Covanta's revenue was reported to be $1.75 b in FY, 2017 which is a 3.1% increase from the previous period.
USD

Revenue (Q3, 2018)

456.0m

Net income (Q3, 2018)

(27.0m)

EBIT (Q3, 2018)

2.0m

Market capitalization (12-Dec-2018)

2.1b

Closing stock price (12-Dec-2018)

15.8

Cash (30-Sep-2018)

51.0m

EV

4.4b
Covanta's current market capitalization is $2.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.6b1.7b1.6b1.7b1.8b

Revenue growth, %

3%(2%)3%3%

Cost of goods sold

1.2b1.3b1.3b

Gross profit

443.0m436.0m430.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

427.0m401.0m432.0m414.0m383.0m408.0m422.0m403.0m418.0m421.0m404.0m424.0m429.0m458.0m912.0m456.0m

General and administrative expense

22.0m21.0m26.0m26.0m28.0m23.0m20.0m23.0m25.0m23.0m28.0m30.0m31.0m58.0m27.0m

Operating expense total

347.0m386.0m385.0m396.0m378.0m428.0m351.0m417.0m413.0m361.0m427.0m30.0m383.0m438.0m910.0m454.0m

EBIT

80.0m15.0m47.0m18.0m5.0m(20.0m)71.0m(14.0m)5.0m60.0m(23.0m)20.0m46.0m20.0m2.0m2.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

198.0m91.0m94.0m84.0m46.0m

Accounts Receivable

332.0m341.0m

Prepaid Expenses

72.0m73.0m

Inventories

110.0m96.0m122.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

252.0m389.0m172.0m87.0m67.0m66.0m69.0m106.0m108.0m113.0m444.0m48.0m37.0m51.0m39.0m51.0m

Accounts Receivable

318.0m324.0m316.0m

Current Assets

910.0m937.0m660.0m639.0m630.0m746.0m728.0m634.0m608.0m547.0m853.0m477.0m511.0m475.0m465.0m469.0m

PP&E

2.6b2.7b2.7b2.6b2.6b2.6b2.6b2.7b3.0b3.0b3.1b3.1b3.2b2.6b2.6b2.5b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(8.0m)(1.0m)69.0m(4.0m)57.0m

Depreciation and Amortization

210.0m211.0m198.0m207.0m215.0m

Inventories

Accounts Payable

(12.0m)57.0m(8.0m)45.0m59.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

28.0m(9.0m)1.0m6.0m(43.0m)(9.0m)(37.0m)(66.0m)(12.0m)(52.0m)(89.0m)(74.0m)201.0m170.0m

Depreciation and Amortization

52.0m53.0m53.0m52.0m48.0m98.0m148.0m52.0m103.0m155.0m52.0m104.0m155.0m54.0m109.0m

Accounts Payable

63.0m55.0m90.0m59.0m52.0m56.0m

Cash From Operating Activities

31.0m154.0m31.0m58.0m146.0m10.0m26.0m114.0m3.0m63.0m
USDY, 2018

EV/EBIT

2.2 k x

EV/CFO

69.1 x

Debt/Equity

4.6 x

Debt/Assets

0.6 x

Financial Leverage

7.5 x
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Covanta Revenue Breakdown

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Covanta revenue breakdown by geographic segment: 98.2% from North America and 1.8% from Other

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Covanta Online and Social Media Presence

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Covanta News and Updates

Covanta Recognized for Environmental Achievement and Sustainability Leadership with 2018 SEAL Award

MORRISTOWN, N.J., Dec. 10, 2018 /PRNewswire/ -- Covanta, (NYSE: CVA) a world leader in sustainable waste and energy solutions, has been recognized with the 2018 Sustainability, Environmental Achievement & Leadership (SEAL) for its leadership in the safe and secure destruction of unwanted...

Covanta Recognized as Corporate Citizen of the Year

MORRISTOWN, N.J., Dec. 4, 2018 /PRNewswire/ -- Covanta, a world leader in sustainable waste and energy solutions, has been honored with the 2018 Corporate Citizen of the Year Award from NJBIZ, New Jersey's leading business journal. The award was presented at NJBIZ's Business of the Year...

Covanta Extends Partnership with the Town of Huntington, New York

MORRISTOWN, N.J., Nov. 5, 2018 /PRNewswire/ -- Covanta (NYSE: CVA), a world leader in sustainable waste and energy solutions, has extended its partnership with the Town of Huntington, NY for operation of the Huntington Resource Recovery Facility. The five-year agreement continues the...

Covanta Holding Corporation to Present at Several Institutional Investor Conferences in November and December

MORRISTOWN, N.J., Nov. 1, 2018 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste management and renewable energy, is scheduled to participate in the following institutional investor conferences in November and...

Waste-to-Energy Technologies Market by 2022: Global Key Players - Covanta, Suez, Wheelabrator, Veolia, China Everbright, A2A

Global Waste-to-Energy Technologies Market Report 2018 explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the industry’s information with forecast from 2018 to 2022. Posted via Industry Today. Follow u…

Covanta Holding Corporation Reports 2018 Third Quarter Results And Reaffirms 2018 Guidance

MORRISTOWN, N.J., Oct. 25, 2018 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three and nine months ended September 30, 2018. Three Months Ended...
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Covanta Company Life and Culture

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Covanta Frequently Asked Questions

  • When was Covanta founded?

    Covanta was founded in 1983.

  • Who are Covanta key executives?

    Covanta's key executives are Stephen J. Jones, Brad Helgeson and Derek W. Veenhof.

  • How many employees does Covanta have?

    Covanta has 3,700 employees.

  • What is Covanta revenue?

    Latest Covanta annual revenue is $1.8 b.

  • What is Covanta revenue per employee?

    Latest Covanta revenue per employee is $473.5 k.

  • Who are Covanta competitors?

    Competitors of Covanta include Clean Harbors, Charah Solutions and Greenspire.

  • Where is Covanta headquarters?

    Covanta headquarters is located at 445 South St, Morristown.

  • Where are Covanta offices?

    Covanta has offices in Morristown, Scottsdale, Wallingford, Tulsa and in 28 other locations.

  • How many offices does Covanta have?

    Covanta has 32 offices.