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Advanced Disposal Announces Q2 2014 Results

PONTE VEDRA, FL--(Marketwired - August 12, 2014) - ADS Waste Holdings, Inc., (d/b/a Advanced Disposal) announced today revenue of $359.9 million for the three months ended June 30, 2014 versus $333.6 million for the comparable period in 2013. Net loss from continuing operations for the three months ended June 30, 2014 was $15.2 million versus $18.7 million for the comparable 2013 period. Excluding costs associated with the integration of the acquisition of Veolia ES Solid Waste ("Veolia") and restructuring charges, adjusted operating income for the three months ended June 30, 2014 and 2013 would have been $19.7 million and $18.6 million, respectively.

"We have increased our revenue from continuing operations by $26.3 million or 7.9% over the comparable quarter in 2013 driven by volume of 7.4% and price of 0.9%, offset by other adjustments of 0.4%. Adjusted EBITDA increased by $2.1 million from the comparable quarter driven primarily from strong special waste and rolloff volumes. Our management team is focused on growing the business while improving the efficiency of our operations," said Richard Burke, CEO.

Excluding certain charges associated with restructuring, integration and rebranding efforts, as well as items permitted to be excluded under the provisions of the Term B loan credit agreement, adjusted EBITDA from continuing operations for the three months ended June 30, 2014 was $96.2 million compared to $94.1 million for the three months ended June 30, 2013. The calculation of free cash flow as well as the details of charges and other expenses that are excluded from EBITDA in arriving at adjusted proforma EBITDA are contained in the "Reconciliation of Certain Non-GAAP Measures" section of this press release.

                                                                            
(a) This press release contains a discussion of non-GAAP measures, as       
    defined in Regulation G of the Securities Exchange Act of 1934, as      
    amended. The Company reports its financial results in compliance with   
    GAAP, but believes that also discussing non-GAAP measures (such as      
    adjusted loss, adjusted loss from continuing operations, adjusted       
    operating income, EBITDA, adjusted proforma EBITDA from continuing      
    operations, free cash flow and adjusted free cash flow) provides        
    investors with (i) additional, meaningful comparisons of current results
    to prior periods' results by excluding items that the Company does not  
    believe reflect its fundamental business performance and are not        
    representative or indicative of its results of operations and (ii)      
    financial measures that the Company uses in the management of its       
    business. Accordingly, net (loss) and operating income have been        
    presented in certain instances excluding special items noted in this    
    press release.                                                          
                                                                            
         SUPPLEMENTAL UNAUDITED FINANCIAL INFORMATION AND OPERATING         
                                    DATA                                    
                          ADS Waste Holdings, Inc.                          
        Condensed Consolidated Statements of Operations (Unaudited)         
(in millions)                                                               
                                                                            
                                       Three Months Ended  Six Months Ended 
                                            June 30,           June 30,     
                                         2014      2013      2014     2013  
                                       --------  --------  -------  ------- 
Service revenues                       $  359.9  $  333.6  $ 681.1  $ 640.9 
                                       --------  --------  -------  ------- 
Operating costs and expenses                                                
Operating                                 230.8     208.0    441.3    404.8 
Selling, general and administrative        41.4      48.0     80.1     84.3 
Depreciation and amortization              70.7      70.1    132.9    136.8 
Acquisition and development costs             -       0.1        -      0.2 
Loss on disposal of assets                  0.5      (0.3)     0.8     (0.2)
Restructuring charges                       0.5       0.7      2.0      1.9 
                                       --------  --------  -------  ------- 
    Total operating costs and expenses    343.9     326.6    657.1    627.8 
                                       --------  --------  -------  ------- 
    Operating income                       16.0       7.0     24.0     13.1 
                                       --------  --------  -------  ------- 
Other income (expense)                                                      
Interest expense                          (35.0)    (37.4)   (70.4)   (83.6)
Other, net                                  0.5       0.7      1.4      1.2 
                                       --------  --------  -------  ------- 
    Total other expense                   (34.5)    (36.7)   (69.0)   (82.4)
                                       --------  --------  -------  ------- 
    Loss from continuing operations                                         
     before income taxes                  (18.5)    (29.7)   (45.0)   (69.3)
Income tax benefit                         (3.3)    (11.0)   (10.8)   (25.2)
                                       --------  --------  -------  ------- 
    Loss from continuing operations       (15.2)    (18.7)   (34.2)   (44.1)
                                       --------  --------  -------  ------- 
Discontinued operations                                                     
  (Loss) income from discontinued                                           
   operations                              (0.2)     (7.3)    (0.7)    (6.7)
  Income tax benefit                          -      (0.9)    (0.2)    (1.4)
                                       --------  --------  -------  ------- 
    Discontinued operations, net           (0.2)     (6.4)    (0.5)    (5.3)
                                       --------  --------  -------  ------- 
Net loss                               $  (15.4) $  (25.1) $ (34.7) $ (49.4)
                                       ========  ========  =======  ======= 
                                                                            
                                                                            
                          ADS Waste Holdings, Inc.                          
             Condensed Consolidated Balance Sheets (Unaudited)              
(in millions, except shares)                                                
                                                                            
                                                    June 30,   December 31, 
                                                      2014         2013     
                                                   ----------  ------------ 
Assets                                                                      
Current assets                                                              
  Cash and cash equivalents                        $      4.8  $       12.0 
  Accounts receivable, net of allowance for                                 
   doubtful accounts of $7.3 and $8.4,                                      
   respectively                                         194.7         193.1 
  Prepaid expenses and other current assets              27.9          35.2 
  Deferred income taxes                                   7.2           7.2 
  Assets of businesses held for sale                        -           3.1 
                                                   ----------  ------------ 
    Total current assets                                234.6         250.6 
Restricted cash                                           2.3           2.4 
Other assets, net                                       111.2         121.2 
Property and equipment, net                           1,657.7       1,667.4 
Goodwill                                              1,167.1       1,166.4 
Other intangible assets, net                            400.1         418.8 
                                                   ----------  ------------ 
    Total assets                                   $  3,573.0  $    3,626.8 
                                                   ==========  ============ 
Liabilities and Stockholders' Equity                                        
Current liabilities                                                         
  Accounts payable                                 $     74.0  $       83.5 
  Accrued expenses                                      110.3         117.8 
  Deferred revenue                                       58.7          60.3 
  Current maturities of landfill retirement                                 
   obligations                                           33.8          28.7 
  Current maturities of long-term debt                   36.2          29.1 
  Liabilities of businesses held for sale                   -           1.7 
                                                   ----------  ------------ 
    Total current liabilities                           313.0         321.1 
Other long-term liabilities, less current                                   
 maturities                                              49.7          48.2 
Long-term debt, less current maturities               2,299.4       2,302.8 
Accrued landfill retirement obligations, less                               
 current maturities                                     160.2         155.6 
Deferred income taxes                                   235.1         247.6 
                                                   ----------  ------------ 
    Total liabilities                                 3,057.4       3,075.3 
                                                   ----------  ------------ 
Commitments and contingencies                                               
Equity                                                                      
  Common stock: $.01 par value, 1,000 shares                                
   authorized, issued and outstanding                       -             - 
  Additional paid-in capital                          1,109.0       1,109.5 
  Accumulated other comprehensive income                  1.8           2.5 
  Accumulated deficit                                  (595.2)       (560.5)
                                                   ----------  ------------ 
    Total stockholders' equity                          515.6         551.5 
                                                   ----------  ------------ 
    Total liabilities and stockholders' equity     $  3,573.0  $    3,626.8 
                                                   ==========  ============ 
                                                                            
                                                                            
                          ADS Waste Holdings, Inc.                          
        Condensed Consolidated Statements of Cash Flows (Unaudited)         
(in millions)                                                               
                                                                            
                                                         Six Months Ended   
                                                             June 30,       
                                                          2014       2013   
                                                       ---------  --------- 
Cash flows from operating activities                                        
Net loss                                               $   (34.7) $   (49.4)
Adjustments to reconcile net loss to net cash provided                      
 by operating activities                                                    
  Depreciation and amortization                            133.2      139.0 
  Amortization of terminated derivative contracts              -        3.0 
  Amortization of interest rate cap premium                  1.5        0.3 
  Amortization of debt issuance costs                        6.3        5.4 
  Accretion of original issue discount                       2.4        2.4 
  Accretion on landfill retirement obligations               6.2        7.7 
  Accretion on capital leases and long-term debt             0.7        0.7 
  Accretion on loss contracts and other long-term                           
   liabilities                                               0.5        0.2 
  Provision for doubtful accounts                            2.5        2.2 
  (Gain) loss on sale of property and equipment              0.6       (0.2)
  Loss on disposition of business                           (0.2)       7.6 
  Stock option vesting                                       1.4        2.4 
  Change in deferred tax provision                         (12.0)     (25.8)
  Earnings in equity investee                                0.3       (0.6)
Changes in operating assets and liabilities, net of                         
 businesses acquired                                                        
  Increase in accounts receivable                           (3.5)     (11.5)
  Decrease in prepaid expenses and other current                            
   assets                                                    7.8        1.3 
  Decrease in other assets                                   1.4        0.6 
  (Decrease) increase in accounts payable                   (1.7)       5.6 
  Decrease in accrued expenses                              (6.4)      (4.0)
  Decrease in unearned revenue                              (2.2)         - 
  Increase (decrease) in other long-term liabilities         1.1       (3.4)
  Capping, closure and post-closure expenditures            (3.8)      (2.0)
                                                       ---------  --------- 
    Net cash provided by operating activities              101.4       81.5 
                                                       ---------  --------- 
Cash flows from investing activities                                        
Purchases of property and equipment and construction                        
 and development                                          (102.9)     (65.8)
Proceeds from sale of property and equipment                 1.2        0.4 
Acquisition of businesses, net of cash acquired             (4.9)      (6.0)
Proceeds from sale of business                               2.1          - 
                                                       ---------  --------- 
    Net cash used in investing activities                 (104.5)     (71.4)
                                                       ---------  --------- 
Cash flows from financing activities                                        
Proceeds from borrowings on long-term debt                  60.0      105.0 
Repayment on long-term debt                                (64.4)    (114.7)
Deferred financing charges                                  (1.2)     (21.5)
Bank overdraft                                               3.3       14.9 
Other financing activities                                   0.1        0.1 
Return of capital                                           (1.9)         - 
                                                       ---------  --------- 
    Net cash used in financing activities                   (4.1)     (16.2)
                                                       ---------  --------- 
    Net decrease in cash and cash equivalents               (7.2)      (6.1)
Cash and cash equivalents, beginning of period              12.0       18.8 
                                                       ---------  --------- 
Cash and cash equivalents, end of period               $     4.8  $    12.7 
                                                       =========  ========= 
                                                                            
                                                                            

You should read the following information in conjunction with our audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2013 appearing on our Form 10-K and our unaudited condensed consolidated financial statements and notes thereto as of and for the three and six months ended June 30, 2014 appearing on our Form 10-Q, as filed with the Securities and Exchange Commission.

REVENUE

The following table reflects our revenue by line of business for the periods presented in (in millions and as a percentage of revenue):

                                                                           
                                            Three Months Ended June 30,    
                                                2014            2013       
                                           -------------   -------------   
                                                                           
Collection                                 $239.8   66.6%  $223.9   67.1%  
Disposal                                    132.7   36.9%   119.2   35.7%  
Sale of recyclables                           8.9    2.5%     9.2    2.8%  
Fuel fees and environmental fees             24.2    6.7%    21.9    6.6%  
Other revenue                                23.8    6.6%    23.4    7.0%  
Intercompany eliminations                   (69.5) (19.3)%  (64.0) (19.2)% 
                                           ------  -----   ------  -----   
Total service revenues                     $359.9  100.0%  $333.6  100.0%  
                                           ======  =====   ======  =====   
                                                                           
                                                                            
                                              Six Months Ended June 30,     
                                                2014             2013       
                                           --------------   --------------  
                                                                            
Collection                                 $ 465.1   68.3%  $ 439.7   68.6% 
Disposal                                     232.6   34.2%    214.8   33.5% 
Sale of recyclables                           17.5    2.6%     18.0    2.8% 
Fuel fees and environmental fees              45.1    6.6%     38.3    6.0% 
Other revenue                                 46.6    6.8%     47.2    7.4% 
Intercompany eliminations                   (125.8) (18.5)%  (117.1) (18.3)%
                                           -------  -----   -------  -----  
Total service revenues                     $ 681.1  100.0%  $ 640.9  100.0% 
                                           =======  =====   =======  =====  
                                                                            

The table set forth below reflects changes in revenue, as compared to the previous year:

                                                                            
                                            Three Months      Six Months    
                                           Ended June 30,   Ended June 30,  
                                                2014             2014       
                                           --------------   --------------  
Core price                                            0.6%             1.1% 
Recycling                                            (0.2)%           (0.1)%
Fuel fees                                             0.5%             0.5% 
                                           --------------   --------------  
Total price                                           0.9%             1.5% 
Volume                                                7.4%             5.1% 
Other                                                (0.4)%           (0.3)%
                                           --------------   --------------  
Total revenue growth                                  7.9%             6.3% 
                                           --------------   --------------  
                                                                            

OPERATING EXPENSES

The following table summarizes our operating expenses (in millions and as a percentage of our revenue).

                                                                            
                          Three Months Ended June    Six Months Ended June  
                                    30,                       30,           
                             2014         2013         2014         2013    
                         -----------  -----------  -----------  ----------- 
                                                                            
Operating                $227.7 63.3% $204.2 61.2% $435.1 63.9% $397.1 62.0%
Accretion of landfill                                                       
 retirement obligations     3.1  0.9%    3.8  1.1%    6.2  0.9%    7.7  1.2%
                         ------ ----  ------ ----  ------ ----  ------ ---- 
Operating expenses       $230.8 64.1% $208.0 62.4% $441.3 64.8% $404.8 63.2%
                         ====== ====  ====== ====  ====== ====  ====== ==== 
                                                                            

The following table summarizes the major components of our operating expenses, excluding accretion expense on landfill retirement obligations, for the periods presented (in millions and as a percentage of revenue):

                                                                            
                          Three Months Ended June    Six Months Ended June  
                                    30,                       30,           
                             2014         2013         2014         2013    
                         -----------  -----------  -----------  ----------- 
                                                                            
Labor and related                                                           
 benefits                $ 70.7 19.6% $ 63.9 19.2% $138.4 20.3% $127.2 19.8%
Transfer and disposal                                                       
 costs                     55.3 15.4%   48.6 14.6%  100.6 14.8%   91.8 14.3%
Maintenance and repairs    28.9  8.0%   25.0  7.5%   55.5  8.1%   49.1  7.7%
Fuel                       27.0  7.5%   24.8  7.4%   53.4  7.8%   49.2  7.7%
Franchise fees and taxes   17.4  4.8%   14.9  4.5%   30.1  4.4%   27.0  4.2%
Risk management             6.9  1.9%    6.0  1.8%   14.2  2.1%   11.9  1.9%
Other                      21.5  6.0%   21.0  6.3%   42.9  6.3%   40.9  6.4%
                         ------ ----  ------ ----  ------ ----  ------ ---- 
  Total operating                                                           
   expenses              $227.7 63.3% $204.2 61.2% $435.1 63.9% $397.1 62.0%
                         ====== ====  ====== ====  ====== ====  ====== ==== 
                                                                            

SELLING, GENERAL AND ADMINISTRATIVE

The following table summarizes our selling, general and administrative expenses for the periods presented (in millions and as a percentage of revenue):

                                                                            
                               Three Months Ended     Six Months Ended June 
                                    June 30,                   30,          
                                2014        2013        2014        2013    
                             ----------  ----------  ----------  ---------- 
                                                                            
Salaries                     $23.2  6.4% $23.1  6.9% $47.2  6.9% $46.3  7.2%
Legal and professional         3.1  0.9%   2.9  0.9%   5.6  0.8%   5.2  0.8%
Rebranding and integration                                                  
 costs                         3.2  0.9%  10.9  3.3%   3.5  0.5%  12.3  1.9%
Other                         11.9  3.3%  11.1  3.3%  23.8  3.5%  20.5  3.2%
                             ----- ----  ----- ----  ----- ----  ----- ---- 
  Total selling, general and                                                
   administrative expenses   $41.4 11.5% $48.0 14.4% $80.1 11.8% $84.3 13.2%
                             ===== ====  ===== ====  ===== ====  ===== ==== 
                                                                            

RECONCILIATION OF CERTAIN NON-GAAP MEASURES

We believe that presenting adjusted loss from continuing operations, adjusted operating income, adjusted proforma EBIDA from continuing operations, free cash flow and adjusted free cash flow, which are not measures determined in accordance with GAAP, provides an understanding of operational activities before the financial impact of certain items. We use these measurements, and believe investors will find them helpful, in understanding operational activities before the financial impact of certain item. We use these measurements, and believe investors will find them helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. Our definition of adjusted loss from continuing operations, adjusted operating income, adjusted proforma EBITDA from continuing operations and adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.

The following table reconciles loss from continuing operations and operating income to adjusted loss from continuing operations and adjusted operating income (in millions):

                                                                            
                                              Three Months     Six Months   
                                             Ended June 30,  Ended June 30, 
                                              2014    2013    2014    2013  
                                             ------  ------  ------  ------ 
Loss from continuing operations, as reported $(15.2) $(18.7) $(34.2) $(44.1)
Restructuring charges                           0.5     0.7     2.0     1.9 
Rebranding & integration costs associated                                   
 with the acquisition of Veolia                 3.2    10.9     3.5    12.3 
Debt refinancing costs that did not qualify                                 
 for capitalization                               -       -       -     0.2 
                                             ------  ------  ------  ------ 
Adjusted loss from continuing operations     $(11.5) $ (7.1) $(28.7) $(29.7)
                                             ======  ======  ======  ====== 
                                                                            
Operating income, as reported                $ 16.0  $  7.0  $ 24.0  $ 13.1 
Restructuring charges                           0.5     0.7     2.0     1.9 
Rebranding & integration costs associated                                   
 with the acquisition of Veolia                 3.2    10.9     3.5    12.3 
Debt refinancing costs that did not qualify                                 
 for capitalization                               -       -       -     0.2 
                                             ------  ------  ------  ------ 
Adjusted operating income                    $ 19.7  $ 18.6  $ 29.5  $ 27.5 
                                             ======  ======  ======  ====== 
                                                                            

The following table calculates adjusted earnings before interest, taxes, depreciation, amortization and accretion adjusted for the integration costs associated with the integration of the Veolia acquisitions, certain other costs and other acquisitions (in millions):

                                                                            
                                  Three Months Ended     Six Months Ended   
                                       June 30,              June 30,       
                                    2014       2013       2014       2013   
                                 ---------  ---------  ---------  --------- 
Net loss                         $   (15.4) $   (25.1) $   (34.7) $   (49.4)
Less loss from discontinued                                                 
 operations                           (0.2)      (6.4)      (0.5)      (5.3)
                                 ---------  ---------  ---------  --------- 
Loss from continuing operations      (15.2)     (18.7)     (34.2)     (44.1)
                                 ---------  ---------  ---------  --------- 
Additions/deductions                                                        
  Income tax benefit                  (3.3)     (11.0)     (10.8)     (25.2)
  Interest expense                    35.0       37.4       70.4       83.6 
  Depreciation and amortization       70.7       70.1      132.9      136.8 
  Accretion on landfill                                                     
   obligations                         3.1        3.8        6.2        7.7 
  Accretion on loss contracts          0.4        0.2        0.5        0.2 
                                 ---------  ---------  ---------  --------- 
EBITDA from continuing                                                      
 operations                           90.7       81.8      165.0      159.0 
EBITDA adjustments:                                                         
  Acquisition and development                                               
   costs                                 -        0.1          -        0.2 
  Stock option vesting                 1.1        1.3        1.4        2.4 
  Earnings in equity investee          0.2       (0.4)       0.3       (0.6)
  Restructuring charges                0.5        0.7        2.0        1.9 
  Loss (gain) on sale of assets        0.5       (0.3)       0.8       (0.2)
  Acquisition and integration                                               
   costs                               3.2       10.9        3.5       12.3 
  Proforma impact of                                                        
   acquisitions/new contracts          0.9        4.0        2.4        8.3 
                                 ---------  ---------  ---------  --------- 
Adjusted proforma EBITDA from                                               
 continuing operations           $    97.1  $    98.1  $   175.4  $   183.3 
                                 =========  =========  =========  ========= 
Revenue from continuing                                                     
 operations                      $   359.9  $   333.6  $   681.1  $   640.9 
                                 ---------  ---------  ---------  --------- 
Adjusted EBITDA from continuing                                             
 operations (a)                       96.2       94.1      173.0      175.0 
Adjusted EBITDA margin from                                                 
 continuing operations                26.7%      28.2%      25.4%      27.3%
                                                                            
(a) Excludes the proforma impact of acquisitions.                           
                                                                            
                                                                            

ADJUSTED FREE CASH FLOW

The following table calculates adjusted free cash flow, which is not a measure determined in accordance with GAAP (in millions):

                                                                            
                                                  Six Months Ended June 30, 
                                                     2014          2013     
                                                 ------------  ------------ 
Net cash provided by operating activities        $      101.4  $       81.5 
Purchases of property & equipment (a)                   (75.0)        (65.8)
Proceeds from the sale of property & equipment            1.2           0.4 
                                                 ------------  ------------ 
Free cash flow                                           27.6          16.1 
Restructuring payments                                    4.1           5.5 
Bonuses paid in connection with the acquisition                             
 of Veolia                                                  -           9.9 
Costs associated with the acquisition of Veolia           3.5          12.3 
                                                 ------------  ------------ 
Adjusted free cash flow                          $       35.2          43.8 
                                                 ============  ============ 
Revenue from continuing operations               $      681.1  $      640.9 
Revenue from discontinued operations                      0.4          73.5 
                                                 ------------  ------------ 
Total revenue                                    $      681.5  $      714.4 
                                                 ============  ============ 
Adjusted free cash flow as a percentage of                                  
 revenue                                                  5.2%          6.1%
Adjusted free cash flow as a percentage of                                  
 adjusted EBITDA                                         20.3%         25.0%
Capital expenditures as a percentage of total                               
 revenue (a)                                             11.0%          9.2%
                                                                            
(a) Excludes the impact of land purchase for future airspace of $8.8 at one 
    landfill and capital related to the start of a major municipal contract 
    of $19.1.                                                               
                                                                            

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical facts, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, prospects and objectives of management for future operations (including development plans and objectives relating to our activities), are forward-looking statements. Many, but not all, of these statements can be found by looking for words like "expect," "anticipate," "goal," "project," "plan," "believe," "seek," "will," "may," "forecast," "estimate," "intend" and "future" and similar words. Statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities & Exchange Act of 1934, as amended, and are subject to the "safe harbor" created by those sections. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. here are a number of risks, uncertainties and other important factors, many of which are beyond our control, that could cause actual results to differ materially from the forward-looking statements contained in this report. These risks and uncertainties, as well as others, are discussed in greater detail in our filings with the Securities and Exchange Commission, including our most recent Form 10-K and subsequent Form 10-Q. Examples of these risks, uncertainties and other factors include, but are not limited to: risks relating to our ability to compete; risks relating to our substantial indebtedness, our ability to service such debt and our ability to comply with debt covenants; risks relating to our ability to meet liquidity needs; risks relating to our ability to implement our growth strategy as and when planned; risks associated with acquisitions; risks relating to our ability to realize operating efficiencies in the integration of the Veolia acquisition or other business combinations; risks relating to the seasonality of our business and fluctuations in quarterly operating results; risks relating to the timing, renewal and exclusivity of contracts; risks relating to possible impairment of goodwill and other intangible assets; risks relating to our dependence on senior, regional and local management; risks associated with technology; risks relating to litigation, regulatory investigations and tax examinations; risks relating to weather conditions or natural disasters; the risk that we will not be able to improve margins; risks relating to the availability of qualified employees, particularly in new or more cost-effective locations; risks relating to the supply and price of fuel; risks relating to the pricing of commodities; risks relating to the shifting view of traditional waste streams as renewable resources in our industry; risks relating to the possible loss of key customers or loss of significant volumes from key customers; risks relating to government regulations; risks relating to the instability in the financial markets; risks relating to adverse capital and credit market conditions; and risks relating to the domestic and international economies.

The above examples are not exhaustive and new risks may emerge from time to time. Except as required by law, we undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we will operate in the future. These forward-looking statements speak only as of the date of this report. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regarding thereto or any change of events, conditions or circumstances on which any such statement was based.

About Advanced Disposal
Advanced Disposal brings fresh ideas and solutions to the business of a clean environment. We provide integrated, non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers across 17 states and the Bahamas. Our team is dedicated to finding effective, sustainable solutions to preserve the environment for future generations. We welcome you to learn more at AdvancedDisposal.com or follow us on Facebook.

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Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...