National Waste Management Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 14, 2016 at 07:08 pm
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National Waste Management Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, revenue increased 269% to $1.7 million compared to revenue of $479,698 reported for the comparable quarter of 2015. This increase is due to the WRE and Gateway acquisitions during the fourth quarter of 2015 as well as increases in the overall customer base and expanding sales to current customers. Net loss was $210,649 versus net income of $81,754 for the comparable quarter of 2015. The $292,403 decrease is primarily attributable to the increased charges to depreciation and amortization expense after the acquisitions of WRE and Gateway.
For the nine months, revenue increased 262% to $4.8 million. Cash flows from operating activities increased 76% to $860,665.
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.
NATIONAL WASTE MANAGEMENT HOLDINGS, INC. 
