Covanta's Third Quarter Operating Results In Line With Expectations

Covanta Holding Corporation CVA reported financial results today for the third quarter of 2010. For the three months ended September 30, 2010, consolidated operating revenues increased $28 million or 7% to $437 million, up from $409 million in the prior year comparative period. Diluted earnings per share ("EPS") excluding special items were $0.28 for the third quarter of 2010; on a reported basis, EPS was $0.13. In both cases, this compares to EPS of $0.26 for the third quarter of 2009. The non-cash special items had a $0.15 per share impact and were primarily associated with the Dublin development project and a loan issued to fund improvements at the Harrisburg Energy-from-Waste facility.