National Waste Management Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 12, 2016 at 09:22 am EDT
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National Waste Management Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, revenue was $1,564,338 against $479,534 for the same period a year ago. Income from operations was $9,379 against $119,357 for the same period a year ago. Loss before income taxes was $27,828 against income of $107,903 reported last year. Net loss was $5,913 or $0.000 per basic and diluted share against net income of $64,742 or $0.001 per basic and diluted share for the same period a year ago. The increase in revenue was due to the acquisitions of WRE and Gateway Rolloff during the fourth quarter of 2015 and the execution of business model, increasing customer base and expanded sales to current customers.
For the six months, revenue was $3,117,634 against $870,126 for the same period a year ago. Income from operations was $53,393 against $191,287 for the same period a year ago. Loss before income taxes was $73,352 against income of $166,860 reported last year. Net loss was $47,119 or $0.001 per basic and diluted share against net income of $103,116 or $0.002 per basic and diluted share for the same period a year ago.
National Waste Management Holdings, Inc. through its subsidiaries provide a full-service solid waste management company. It is focused on five businesses related to waste removal and management, which includes landfill services, roll-off dumpster services, commercial and residential trash collection, transfer station operations, and paper shredding and data destruction. It specializes in construction and demolition landfill and roll-off services. It offers commercial and residential dumpster service and roll-off boxes for construction and cleanup projects specializing in the removal of debris, garbage, waste, hauling construction and demolition debris, focused on servicing general contractors, new home builders, reconstruction, renovation, landscaping, and home improvement professionals. It also provides grinding, demolition, mulch, and gravel services. Its subsidiaries include Sand/Land of Florida Enterprises, Inc., Waste Recovery Enterprises, LLC, and Gateway Rolloff Services, LP.