OverviewSuggest Edit
Covanta Holding Corporation is a company that provides waste and energy services through its subsidiaries. It owns and operates infrastructure for the conversion of waste to energy. The company produces energy through the combustion of non-hazardous municipal solid waste in specially-designed power plants.
| Type | Public | |
| Founded | 1992 | |
| HQ | Morristown, NJ, US | Map |
| Website | covanta.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Recent NewsAll News
- Covanta Holding Corporation Reports 2021 First Quarter Results and Increases 2021 Guidance
- Emissions Data Now Available Online for the Waste-to-Energy Facility in Chester, PA
- Covanta provides update of UK waste-to-energy projects
- Covanta Holding Corporation Reports 2020 Fourth Quarter and Full Year Results and Provides 2021 Guidance
Key People/Management at Covanta
Michael W. Ranger
Brad Helgeson
Derek W. Veenhof
Michael J. de Castro
Timothy J. Simpson
Matthew Mulcahy
Covanta Office Locations
Covanta Financials and Metrics
Covanta Revenue
| USD | |
|---|---|
Revenue (FY, 2020) | 1.9b |
Gross profit (FY, 2020) | 484.0m |
Gross profit margin (FY, 2020), % | 25.4% |
Net income (FY, 2020) | (28.0m) |
EBIT (FY, 2020) | 69.0m |
Market capitalization (7-May-2021) | 2.0b |
Closing stock price (7-May-2021) | 15.3 |
Cash (31-Dec-2020) | 55.0m |
EV | 4.4b |
| USD | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.7b | 404.0m | 424.0m | 429.0m | 1.8b | 458.0m | 454.0m | 456.0m | 1.9b | 453.0m | 467.0m | 465.0m |
Cost of goods sold | 1.2b | 332.0m | 319.0m | 301.0m | 1.3b | 345.0m | 334.0m | 308.0m | 1.3b | 359.0m | 354.0m | 325.0m |
Gross profit | 522.0m | 72.0m | 105.0m | 128.0m | 481.0m | 113.0m | 120.0m | 148.0m | 547.0m | 94.0m | 113.0m | 140.0m |
Gross profit Margin, % | 31% | 18% | 25% | 30% | 27% | 25% | 26% | 32% | 29% | 21% | 24% | 30% |
| USD | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 84.0m | 444.0m | 48.0m | 37.0m | 46.0m | 51.0m | 39.0m | 51.0m | 58.0m | 88.0m | 102.0m | 65.0m |
Accounts Receivable | 332.0m | 279.0m | 302.0m | 325.0m | 341.0m | 318.0m | 324.0m | 316.0m | 338.0m | 292.0m | 318.0m | 307.0m |
Prepaid Expenses | 72.0m | 78.0m | 77.0m | 93.0m | 73.0m | 61.0m | 62.0m | 61.0m | 62.0m | 79.0m | 84.0m | 78.0m |
Current Assets | 544.0m | 853.0m | 477.0m | 511.0m | 1.2b | 475.0m | 465.0m | 469.0m | 499.0m | 490.0m | 526.0m | 475.0m |
| USD | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (4.0m) | (52.0m) | (89.0m) | (74.0m) | 57.0m | 201.0m | 170.0m | 143.0m | 152.0m | 5.0m | (16.0m) | (2.0m) |
Depreciation and Amortization | 207.0m | 52.0m | 104.0m | 155.0m | 215.0m | 54.0m | 109.0m | 162.0m | 238.0m | 55.0m | 110.0m | 165.0m |
Accounts Payable | 45.0m | 59.0m | (16.0m) | |||||||||
Cash From Operating Activities | 282.0m | 10.0m | 26.0m | 114.0m | 243.0m | 3.0m | 63.0m | 147.0m | 238.0m | 37.0m | 87.0m | 112.0m |
| USD | Q4, 2016 |
|---|---|
Revenue/Employee | 471.9k |
Financial Leverage | 9.1 x |
Covanta Operating Metrics
| FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Waste Handled, tonnes | 19.4 m | 4.56 m | 4.76 m | 4.68 m | 4.66 m | 18.7 m | 4.84 m | 5.07 m | 5.08 m | 5.55 m | 20.54 m | 5.2 m | 5.41 m |
Average Revenue per Ton of Waste | $47.83 | $54.11 | $57.13 | $57.03 | $60.06 | $57.11 | $56.2 | $56.68 | $57.13 | $56.78 | $56.7 | $57.66 | $59.66 |
Electricity Sold, GWh | 5.8 | 1.42 | 1.43 | 1.49 | 1.63 | 6 | 1.6 | 1.62 | 1.62 | 1.67 | 6.52 | 1.56 | 1.57 |
Average Revenue per MWh of Electricity Sold | $53.17 | $53.76 | $44.83 | $45.83 | $48.69 | $48.26 | $54.56 | $39.28 | $41.48 | $43.58 | $44.68 | $51.74 | $37.19 |
Covanta Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Chief Industrial Services | January 19, 2016 | |
| Chesapeake Waste Solutions, Inc. | September 30, 2015 | |
| Waste Recovery Solutions, LLC | September 30, 2015 | |
| Advanced Waste Services | May 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 |
Covanta Revenue Breakdown
Covanta revenue breakdown by business segment: 71.0% from Waste and Service, 18.4% from Energy, 5.1% from Recycled Metals and 5.5% from Other
Covanta revenue breakdown by geographic segment: 95.6% from United States and 4.4% from Other
Covanta Environment, Social & Governance (ESG) Ratings
Covanta Online and Social Media Presence
5.72k Twitter followers
Covanta has 5.72k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.5% quarter over quarter
Covanta's Trends
Twitter Engagement Stats for @Covanta
4.4k
Tweets
2.4k
Following
5.7k
Followers
26
Tweets last 30 days
0.8
Avg. likes per Tweet
69.2%
Tweets with engagement
Covanta Company Culture
Overall Culture
C-
62/100
CEO Rating
F
52/100
Compensation
C-
59/100
Diversity
C
64/100
Covanta News and Updates
Covanta Holding Corporation Reports 2021 First Quarter Results and Increases 2021 Guidance
Emissions Data Now Available Online for the Waste-to-Energy Facility in Chester, PA
Covanta provides update of UK waste-to-energy projects
Covanta Holding Corporation Reports 2020 Fourth Quarter and Full Year Results and Provides 2021 Guidance
Covanta Shares New Jersey's Commitment to Environmental Justice
Covanta Holding Corporation Announces Public Offering of $400 Million of Senior Notes due 2030
Covanta Frequently Asked Questions
When was Covanta founded?
Covanta was founded in 1992.
Who are Covanta key executives?
Covanta's key executives are Michael W. Ranger, Brad Helgeson and Derek W. Veenhof.
How many employees does Covanta have?
Covanta has 4,000 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 $476 k.
Who are Covanta competitors?
Competitors of Covanta include HydroChemPSC, Waste Connections and Casella Waste Systems.
Where is Covanta headquarters?
Covanta headquarters is located at 445 South St, Morristown.
Where are Covanta offices?
Covanta has offices in Morristown, Burnaby, Chambly, Courtice and in 4 other locations.
How many offices does Covanta have?
Covanta has 8 offices.
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