Valhi, Inc., the parent company of Waste Control Specialists, reported that its waste management segment suffered an operating loss of $8.5 million in the first quarter of 2014, down from an operating loss of $1.6 million in the same period of 2013. In its quarterly filing to the Securities and Exchange Commission, Valhi blamed the results on the shipping cask shortage affecting the movement of waste. “The Waste Management Segment’s sales declined in the first quarter of 2014 compared to the same period in 2013 due to lower volumes of shipments received for disposal in the Compact LLRW disposal facility, primarily because there has been an industry wide temporary shortage of shipping containers needed to transport LLRW,” the filing said. “We currently expect this issue to be resolved in mid-2014.” WCS has already received the first of three Type-B shipping casks, and it expects the other two in the coming months. Valhi’s filing also said that if cash flow does not begin to improve, it could, as it has done in the past, choose to seek “strategic alternatives” for WCS.
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