Covanta Holding Corporation Reports 2021 First Quarter Results and Increases 2021 Guidance
Updating Progress on Strategic Review and Establishing Long-term Financial Outlook
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MORRISTOWN, N.J., April 29, 2021 /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 months ended March 31, 2021.
Three Months Ended March 31,
2021
$52
Key Highlights
Metals prices significantly higher year-over-year on improving demand and tight market supply
Increasing 2021 guidance for Adjusted EBITDA and Free Cash Flow
Initiating overhead cost rationalization program for $30 million in annual savings by 2023