Advanced Disposal Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the fourth quarter, the company reported service revenues of $384.4 million against $352.0 million a year ago. Net income was $42.0 million or $0.47 per basic and diluted share against net loss of $20.1 million or $0.24 per basic and diluted share a year ago. EBITDA from continuing operations was $105.5 million against $110.0 million a year ago. Adjusted EBITDA was $108.8 million against $107.7 million a year ago. Adjusted net income was $11.2 million or $0.13 per share against $17.2 million or $0.20 per share a year ago. Free cash flow was $15.7 million against negative free cash flow of $0.4 million a year ago. Adjusted free cash flow was $19.7 million against $0.4 million a year ago. Operating income was $25 million against $43.2 million a year ago. Income before income taxes was $2.2 million against loss before income taxes of $43 million a year ago.

For the full year, the company reported service revenues of $1,507.6 million against $1,404.6 million a year ago. Net income was $38.3 million or $0.43 per basic and diluted share against net loss of $30.4 million or $0.44 per basic and diluted share a year ago. Net cash provided by operating activities was $308.8 million against $237.0 million a year ago. Purchases of property and equipment and construction and development were $186.6 million against $171.0 million a year ago. EBITDA from continuing operations was $379.4 million against $399.1 million a year ago. Adjusted EBITDA was $418.1 million against $411.1 million a year ago. Adjusted net income was $42.2 million or $0.47 per share against $33.5 million or $0.48 per share a year ago. Free cash flow was $136.2 million against $69.3 million a year ago. Adjusted free cash flow was $129.8 million against $79.1 million a year ago. Operating income was $90.1 million against $131.9 million a year ago. Loss before income taxes was $2.9 million against $56.1 million a year ago.

For the fiscal year 2018, the company's revenue is estimated to be between $1,545 million and $1,565 million. This includes average yield of 2.1% to 2.8%, organic volume of 0.4% to 1.0%, acquisition rollover revenue of 1.3%, and an estimated (1.4%) impact from lower revenue from the sale of commodities and the adoption of the new revenue recognition standard; Adjusted EBITDA in 2018 is estimated between $426 million and $436 million, with EBITDA margin of 27.7% at the midpoint of the range. Lower commodity pricing is estimated to have 40 basis points negative impact to 2018 EBITDA margin. Excluding the impact from both commodity pricing and the revenue recognition standard in 2018, adjusted EBITDA margins are estimated to expand 10 to 40 basis points over the prior year; capital expenditures are estimated to be between $184 million and $194 million; and adjusted free cash flow is estimated to be between $134 million and $144 million. Net cash provided by operating activities is expected in the range of $318.0 million - $338.0 million. Net interest expense is estimated between $89 million and $94 million with cash paid interest in the range of $83 million and $88 million. Effective tax rate for the year is estimated to be about 27%. The company expects purchases of property and equipment and construction and development of $184.0 million - $194.0 million.