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BRIEF-Tervita Q2 Revenue Of $540 Mln Rose 45 Pct

Published 2018-08-09, 09:11 p/m
© Reuters.  BRIEF-Tervita Q2 Revenue Of $540 Mln Rose 45 Pct
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Aug 9 (Reuters) - Tervita Corp TEV.TO :

* ORATION ANNOUNCES SECOND QUARTER 2018 RESULTS FOR TERVITA AND NEWALTA

* BOARD HAS APPROVED GROWTH AND EXPANSION CAPITAL PROJECTS OF $135 MILLION WITH 50% - 70% EXPECTED TO BE SPENT IN 2018 AND REMAINDER IN 2019

* SEES FY 2018 MAINTENANCE CAPITAL SPENDING $40 MILLION TO $45 MILLION

* FOR NEWALTA, QTRLY LOSS PER SHARE $0.18

* EXPECT $40-$45 MILLION OF ANNUALIZED SYNERGIES TO BE ACHIEVED BY AUGUST 2020 AT AN ANTICIPATED ONE-TIME COST OF $15-$20 MILLION

* Q2 2018 REVENUE FOR TERVITA OF $540 MILLION ROSE $167 MILLION (45%) OVER PRIOR YEAR

* FOR NEWALTA Q2 REVENUE OF $58 MILLION FLAT TO PRIOR YEAR

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