OverviewSuggest Edit

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 a potable water treatment facility which is located in the United States.

TypePublic
Founded1983
HQMorristown, US
Websitecovanta.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Feb 2019)3,700
Revenue (FY, 2018)$1.9 B(+7%)
Share Price (Mar 2019)$17.1

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
Timothy J. Simpson

Timothy J. Simpson

EVP, General Counsel, Secretary
Matthew Mulcahy

Matthew Mulcahy

Executive Vice President, Head of Corporate Development
Show more

Covanta Office Locations

Covanta has offices in Morristown and Shanghai
Morristown, US (HQ)
445 South St
Shanghai, CN
2277 Long Yang Lu
Show all (2)
Report incorrect company information

Covanta Financials and Metrics

Covanta Revenue

Embed Graph
View revenue for all periods
Covanta's revenue was reported to be $1.87 b in FY, 2018 which is a 6.6% increase from the previous period.
USD

Revenue (FY, 2018)

1.9b

Revenue growth (FY, 2017 - FY, 2018), %

6.6%

Gross profit (FY, 2018)

547.0m

Gross profit margin (FY, 2018), %

29.3%

Net income (FY, 2018)

152.0m

EBIT (FY, 2018)

63.0m

Market capitalization (15-Mar-2019)

2.2b

Closing stock price (15-Mar-2019)

17.1

Cash (31-Dec-2018)

58.0m

EV

4.7b
Covanta's current market capitalization is $2.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.6b1.7b1.8b1.9b

Revenue growth, %

(2%)3%3%7%

Cost of goods sold

1.1b1.2b1.3b1.3b

Gross profit

516.0m522.0m481.0m547.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

403.0m418.0m421.0m404.0m424.0m429.0m458.0m912.0m456.0m

General and administrative expense

23.0m25.0m23.0m28.0m30.0m31.0m58.0m27.0m

Operating expense total

417.0m413.0m361.0m427.0m30.0m383.0m438.0m910.0m454.0m

EBIT

(14.0m)5.0m60.0m(23.0m)20.0m46.0m20.0m2.0m2.0m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

94.0m84.0m46.0m58.0m

Accounts Receivable

312.0m332.0m341.0m338.0m

Prepaid Expenses

117.0m72.0m73.0m62.0m

Current Assets

697.0m544.0m1.2b499.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

106.0m108.0m113.0m444.0m48.0m37.0m51.0m39.0m51.0m

Accounts Receivable

318.0m324.0m316.0m

Current Assets

634.0m608.0m547.0m853.0m477.0m511.0m475.0m465.0m469.0m

PP&E

2.7b3.0b3.0b3.1b3.1b3.2b2.6b2.6b2.5b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

69.0m(4.0m)57.0m152.0m

Depreciation and Amortization

198.0m207.0m215.0m218.0m

Accounts Payable

(8.0m)43.0m66.0m(16.0m)

Cash From Operating Activities

254.0m264.0m242.0m238.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(37.0m)(66.0m)(12.0m)(52.0m)(89.0m)(74.0m)201.0m170.0m

Depreciation and Amortization

52.0m103.0m155.0m52.0m104.0m155.0m54.0m109.0m

Accounts Payable

90.0m59.0m52.0m56.0m

Cash From Operating Activities

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

EV/EBIT

74.2 x

EV/CFO

19.6 x

Revenue/Employee

504.9k

Debt/Equity

5.1 x

Debt/Assets

0.6 x

Financial Leverage

7.9 x
Show all financial metrics

Covanta Operating Metrics

FY, 2016FY, 2017FY, 2018

Waste Handled, tonnes

19.40 m18.70 m20.54 m

Average Revenue per Ton of Waste

$47.83 $57.11 $56.70

Electricity Sold, GWh

5.80 6 6.52

Average Revenue per MWh of Electricity Sold

$53.17 $48.26 $44.68
Show all operating metrics

Covanta Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Chief Industrial ServicesJanuary 19, 2016
Chesapeake Waste Solutions, Inc.September 30, 2015
Waste Recovery Solutions, LLCSeptember 30, 2015
Advanced Waste ServicesMay 21, 2015
35 Industrial, Inc.
Advanced Waste Services of Indiana, LLC
Camden County Energy Recovery Associates, L.P.
Covanta 4Recovery Philadelphia LLC
Covanta 4Recovery Transfer Systems LLC
Covanta Abington Transfer Solutions LLC
Show more

Covanta Revenue Breakdown

Embed Graph

Covanta revenue breakdown by business segment: 5.1% from Recycled Metals, 18.4% from Energy, 71.0% from Waste and Service and 5.5% from Other

Covanta revenue breakdown by geographic segment: 95.6% from United States and 4.4% from Other

Report incorrect company information

Covanta Online and Social Media Presence

Embed Graph
Report incorrect company information

Covanta News and Updates

Covanta Holding Corporation Reports 2018 Fourth Quarter And Full Year Results And Provides 2019 Guidance

MORRISTOWN, N.J., Feb. 14, 2019 /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 year ended December 31, 2018. Year Ended December 31, 2018 2017...

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Covanta Holding Corporation for Potential Breaches Of Fiduciary Duty By Its Board of Directors

NEW YORK, Jan. 30, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Covanta Holding Corporation (NYSE: CVA). If you ...

Covanta Expands Partnership with Wreaths Across America for Annual Post-Holiday Clean Up

MORRISTOWN, N.J., Jan. 30, 2019 /PRNewswire/ -- Covanta, a world leader in sustainable waste and energy solutions, has expanded its partnership with Wreaths Across America to sustainably recycle and dispose of wreaths that are laid on gravestones of military veterans at cemeteries across...

Covanta and Green Investment Group to Break Ground on First UK Energy-from-Waste Project in Joint Development Pipeline

MORRISTOWN, N.J., Dec. 18, 2018 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta"), a world leader in sustainable waste management and renewable energy, today announced financial close of the Earls Gate Energy Centre ("Earls Gate") with strategic development partner Green ...

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...
Show more
Report incorrect company information

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 $1.9 b.

  • What is Covanta revenue per employee?

    Latest Covanta revenue per employee is $504.9 k.

  • Who are Covanta competitors?

    Competitors of Covanta include Clean Harbors, BELFOR Franchise Group and Metech International.

  • Where is Covanta headquarters?

    Covanta headquarters is located at 445 South St, Morristown.

  • Where are Covanta offices?

    Covanta has offices in Morristown and Shanghai.

  • How many offices does Covanta have?

    Covanta has 2 offices.