WCS Financial Performance Improves in 3Q

A robust third quarter from Waste Control Specialists helped alleviate some of the operating loss experienced in the first half of the year, Valhi Inc., parent company of WCS, announced in its third quarter earnings report late last week. The company reported $6.9 million in operating income from the third quarter, as compared to an operating loss of $10.3 million in the same period of 2013. WCS had experienced an operating loss of $13.5 million for the first half of 2014, but the results of the third quarter have reduced the operating loss to $6.6 million for 2014 so far, as compared to an operating loss of $16.3 million during the same timeframe in 2013. Net sales for the third quarter were $24.5 million, compared to $4.9 million in 2013, and $43.3 million for 2014 so far, compared to $29.9 million during the same period of 2013.

 

Valhi attributed the success of the quarter to WCS’ improved transportation situation. “The Waste Management Segment’s sales increased in the third quarter of 2014 compared to the same period in 2013 due to increased disposal volumes in the third quarter and first nine months of 2014 compared to the same periods of 2013 offset somewhat by a more favorable disposal mix in the same periods of 2013,” Valhi said in a release. “Disposal volumes were favorably impacted by the availability of disposal shipping containers in the third quarter.”