Advanced Disposal Services, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported service revenues of $400.6 million, operating income of $17.5 million, loss before income taxes of $6.1 million, net loss of $4.9 million or $0.06 basic and diluted per share against service revenues of $392.7 million, operating income of $29.7 million, income before income taxes of $6.9 million, net income of $3.5 million or $0.04 basic and diluted per share for the same period a year ago. The company reported EBITDA of $91.1 million and adjusted EBITDA of $112.3 million against EBITDA of $103.8 million and adjusted EBITDA of $112.3 million for the same period a year ago. The company reported adjusted net income of $15.1 million or $0.17 adjusted earnings per share against adjusted net income of $13.9 million or $0.16 adjusted earnings per share for the same period a year ago.

For the nine months, the company reported service revenues of $1,163.4 million, operating income of $72.5 million, income before income taxes of $10.2 million, net income of $6.9 million or $0.08 basic and diluted per share against service revenues of $1,123.2 million, operating income of $65.1 million, loss before income taxes of $5.1 million, net loss of $3.7 million or $0.04 basic and diluted per share for the same period a year ago. The company also reported net cash provided by operating activities of $234.4 million and purchases of property and equipment and landfill construction and development of $133.3 million against net cash provided by operating activities of $245.1 million and purchases of property and equipment and landfill construction and development of $140.5 million for the same period a year ago. The company reported EBITDA of $295.7 million and adjusted EBITDA of $318.4 million against EBITDA of $273.9 million and adjusted EBITDA of $309.3 million for the same period a year ago. The company reported adjusted net income of $40.1 million or $0.45 adjusted earnings per share against adjusted net income of $31.4 million or $0.35 adjusted earnings per share for the same period a year ago.

Based on actual results for the first nine months of the year and expectations for the remainder of the year, the company is raising its revenue guidance to be between $1,540 and $1,550 million from its previous guidance of between $1,520 million to $1,540 million, narrowing its adjusted EBITDA guidance to $426 million to $430 million and narrowing its adjusted free cash flow guidance to $136 million to $142 million.