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BRIEF-Tervita Corporation Announces Third Quarter Loss Per Share $0.02

Published 2018-11-14, 08:31 p/m
Updated 2018-11-14, 08:40 p/m
BRIEF-Tervita Corporation Announces Third Quarter Loss Per Share $0.02

Nov 14 (Reuters) - Tervita Corp TEV.TO :

* ORATION ANNOUNCES THIRD QUARTER 2018 RESULTS

* Q3 REVENUE ROSE 118 PERCENT

* ADJUSTED EBITDA INCREASING 69% YEAR OVER YEAR TO $71 MILLION IN Q3

* QTRLY LOSS PER SHARE $0.02

* TERVITA - EXPECT ANNUALIZED RUN RATE SYNERGIES OF $20 TO $22 MILLION BY END OF 2018, AND TO DELIVER $40 TO $45 MILLION OF ANNUALIZED SYNERGIES BY AUGUST 2020

* ACQUISITION OF NEWALTA CONTRIBUTED $17 MILLION OF ADDITIONAL ADJUSTED EBITDA INCLUDING $4 MILLION OF ADJUSTED EBITDA SYNERGIES FOR QUARTER

* WESTERN CANADIAN OIL AND GAS PRODUCTION IS EXPECTED TO INCREASE OVER 300 THOUSAND BARRELS OF OIL EQUIVALENT PER DAY IN 2018

* CONTINUE TO EXPECT TO REALIZE $40 MILLION TO $45 MILLION IN ANNUALIZED SYNERGIES AT A ONE-TIME COST OF $15 TO $20 MILLION.

* Q3 REVENUE VIEW C$549.6 MILLION -- THOMSON REUTERS I/B/E/S

* Q3 EARNINGS PER SHARE VIEW C$0.09 -- THOMSON REUTERS I/B/E/S

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