Laois nursing home battling Covid-19 outbreak among residents and staff

first_imgHome News Laois nursing home battling Covid-19 outbreak among residents and staff News Electric Picnic A Laois nursing home is battling a Covid-19 outbreak amongst residents and staff.Droimnin Nursing Home in Stradbally had remained Covid-free throughout the pandemic until recently.Brookhaven Healthcare group runs the nursing home and they have confirmed that 40 of the 65 residents have tested positive.While 15 of the nursing home’s 75 staff are also positive for Covid.The majority of these are thankfully believed to be asymptomatic. Facebook Twitter WhatsApp Brookhaven Healthcare group runs a number of nursing homes around the country – including one in Ballyragget.Droimnin Nursing Home was due to receive the Covid-19 vaccine on January 19 and it remains to be seen what effect, if any, this will have on that plan. LaoisToday made attempts to contact Droimnin for comment but have been unsuccessful so far.The news comes as the Covid-19 situation around the country continues to deteriorate.There have been a further six Coronavirus-related deaths and a massive 6,110 new cases, according to figures released by the health authorities this evening.Of the new cases announced today, 80 of them are in Laois, meaning the county’s 14-day incidence rate goes to 494.7 up from 406.2 yesterday.There are now 419 confirmed active cases in the county compared to 344 yesterday.As of 2pm today, 776 COVID-19 patients are hospitalised, of which 70 are in ICU. 92 additional hospitalisations in the past 24 hours.SEE ALSO – Watch: Well-known Laois man’s horse claims big prize in Fairyhouse TAGSCoronavirusCovid-19Droimnin Nursing Home Twitter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Laois nursing home battling Covid-19 outbreak among residents and staff By LaoisToday Reporter – 4th January 2021 center_img Pinterest Electric Picnic Previous articleCoronavirus: Six additional deaths and 6,110 new cases – 80 in LaoisNext articleDeaths in Laois – Tuesday, January 5, 2021 LaoisToday Reporter RELATED ARTICLESMORE FROM AUTHOR Electric Picnic organisers release statement following confirmation of new festival date Electric Picnic Pinterest WhatsApp Facebook Electric Picnic apply to Laois County Council for new date for this year’s festivallast_img read more

Santa Monica residents must stay at home under state and county orders to fight coronavirus

first_imgHomeLifeHealthCovid-19Santa Monica residents must stay at home under state and county orders to fight coronavirus Mar. 20, 2020 at 8:21 amCovid-19FeaturedLawNewsSanta Monica residents must stay at home under state and county orders to fight coronavirusMadeleine Pauker1 year agocoronavirusCOVID-19gavin newsomOfficials in March ordered would-be shoppers to stay at home. (Matthew Hall) Gov. Gavin Newsom ordered Californians to stay at home Thursday as the number of coronavirus cases in the state reached 1,000 and 19 people died.Newsom’s mandatory order, which allows California residents to continue to use essential services and perform necessary work, follows a Thursday order from Los Angeles County to close nonessential retail stores, malls, shopping centers and playgrounds. Newsom said Thursday that 56% of Californians could be infected with coronavirus by May if the state’s 40 million residents do not follow orders to stay at home as much as possible.The state and county orders apply to Santa Monica, which on Monday closed schools, public buildings, bars, theaters, gyms, salons, dine-in restaurants and Santa Monica Pier to slow the spread of coronavirus. The city also put a temporary moratorium on evictions for residents and businesses financially impacted by coronavirus. As of Thursday, two people in the city had tested positive.Under the state order, Santa Monicans will be only able to visit grocery stores, farmers markets, food banks, restaurants offering delivery and takeout, pharmacies, convenience stores, laundromats, gas stations and banks — as long as they practice social distancing.Newsom said people can also leave their homes to seek healthcare, care for loved ones or go for a walk.He allowed workers in 16 critical sectors, including emergency services, transportation and information technology, to continue to go to work.The county order prohibits residents from gathering indoors in groups of 10 or more and closes nonessential retail stores, malls and playgrounds, including Santa Monica Place and the Third Street Promenade.The city of Los Angeles went a step further than the county, ordering all nonessential businesses to close and move to work at home arrangements. The L.A. order also banned public gatherings of any size.All orders are punishable as misdemeanor offenses. The county order is in place until Apr. 19 but could be extended, and the state order is in effect [email protected] :coronavirusCOVID-19gavin newsomshare on Facebookshare on Twittershow 1 comment 1 Comment Only one small problem with that. It’s unlawful for such “orders” and “mandates”. Not to mention unconstitutional. Then if you look at the factual numbers compared to any other flu, this is an obvious power grab. March 21, 2020 at 7:56 PM California governor: 60,000 homeless could get virusSanta Monica College student diagnosed with COVID-19You Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours ago Michael Trigger says: Comments are closed.last_img read more

Fire Department, BMW Testing Auto

first_imgDecals developed by Alstot, Ackerman and BMW will tell emergency personnel which cables to disconnect so they can disable dangers such as air bags without also cutting off the batteries monitoring hydrogen safety systems. BMW has spent hundreds of millions of dollars over 30 years to develop hydrogen-fuel technology (the company had 300 full-time engineers working on the technology in 2006, according to the BBC), and there are only 100 such hydrogen-fueled vehicles in the world. Hydrogen-powered cars raise great environmental hopes. They use the most abundant element on the planet and emit only water vapor and tiny amounts of compounds associated with engine lubricants. But the barriers to this bright future include the energy and infrastructure required to separate, transport and store hydrogen. Other companies are developing cars to run on hydrogen fuel cells. Honda, for example, will release the FCX this year. BMW is the only company producing vehicles relying on direct combustion of liquid hydrogen. – David Goldstein is an environmental resource analyst for the county of Ventura. Representatives of government or nonprofit agencies that want to submit articles on environmental topics for this column should contact Goldstein at 658-4312 or [email protected] At the center, engineers test emissions and carry out a variety of other projects, including maintaining the Hydrogen 7 sedan. The car’s engine can use either liquid hydrogen or gasoline, switching between the two at the touch of a button. It can run on hydrogen for up to 125 miles, then go an additional 300 miles on gasoline. BMW engineers recently formed partnerships with the Ventura city and county fire departments to address another important issue for hydrogen vehicles: safety. According to Alstot and Ackerman, hydrogen vehicles are safer than gasoline cars in many ways. For example, gas can leak from ruptured tanks, spreading fire along the ground. But hydrogen is lighter than air, so it goes straight up. Because public safety personnel must stay prepared, Alstot this week is joining the ranks of Will Farrell, Brad Pitt, Angelina Jolie, Jay Leno, Richard Gere and Sharon Stone as one of the lucky people testing the Hydrogen 7. The Hydrogen 7 has a low-pressure, tremendously insulated tank holding 17.5 pounds of liquid hydrogen at minus 418 degrees Fahrenheit. Enhancing safety features, BMW strengthened its standard 7 Series chassis, passenger cabin, sides, engine and other elements. Only three liquid hydrogen fuel stations exist in the United States, but one of the fuel stations and six of the cars are in Ventura County. The county is a pioneer of this alternative energy because BMW’s Engineering and Emissions Test Center is in Oxnard.center_img http://www.bmwusa.com/Standard/Content/Uniquely/FutureTechnologies/Hydrogen.aspx Venturacity Battalion Chief Vernon Alstot and Jim Ackerman, a Ventura County fire captain, studied the safety issues that could arise from crashes involving the cars and worked with BMW to come up with an approach for first responders. Firefighters might be wary when they see a “hydrogen vehicle” insignia on a car at a crash site, but as Ackerman pointed out, “The Hindenburg didn’t happen just because of hydrogen. The dirigible was made out of extremely flammable material.” On the Net: The Ventura city fire battalion chief is driving a multimillion-dollar vehicle this week. The BMW Hydrogen 7, one of only 22 in the United States, has been offered for a free weeklong test drive to a few lucky individuals, as a way of broadening public education about this relatively unknown automotive technology. No, it’s not some ultra-tricked-out, hook-and-ladder firetruck, but rather the result of an innovative partnership between the fire department and BMW. “If hydrogen was the standard and gasoline just came out, we would be doing the same thing,” Alstot said. “We have to be prepared to respond to whatever new technology comes along.” “Right now, this makes environmental sense only if we can buy ‘green hydrogen’ made from renewable sources,” said Nadine Jambor of BMW’s Clean Energy program. Such sources could include a wind-based hydrogen fuel production facility being constructed by the Automobile Club of Southern California and CSU Los Angeles.last_img read more

Casella reports increase in revenues for FY17

first_imgFiscal Year Ended December 31, 416,054 Three Months EndedDecember 31, 64.3% $(0.29) —%Solid Waste Price3,499 $3,552 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except for per share data) Unaudited 15,512 $7,798 Restricted assets 61,856 $1,995 — 13,747 13,011 Acquisitions, net of cash acquired(5,056) (1.2)%(Benefit) provision for income taxes(15,814) Vehicles, machinery, equipment and containers10,327 Stock-based compensation6,432 75,356 Fiscal Year Ended December 31, 2017Consolidated Net Leverage Ratio (i)3.68 15,425 (62,102) (54,200)Payments on landfill operating lease contracts(7,240) 1.4%Fuel surcharge and other fees728 Casella Waste Systems Inc,Vermont Business Magazine Casella Waste Systems, Inc (NASDAQ:CWST(link is external)), a regional solid waste, recycling and resource management services company based in Rutland, today reported its financial results for the three and twelve month periods ended December 31, 2017. Casella also provided guidance for the next fiscal year ending December 31, 2018. Revenues were up over 5 percent for the quarter and the year and net income was up for the quarter, but the net loss for the year increased versus 2016. Casella shares are trading at just over $25 and down slightly in after-hours performance and are on the high side of its 52-week range: $12.21 – $27.38.Highlights for the Three and Twelve Months Ended December 31, 2017:Revenues were $151.2 million for the quarter, up $7.4 million, or 5.2%, from the same period in 2016. Revenues were $599.3 million for the fiscal year, up $34.3 million, or 6.1%, from fiscal year 2016.Net income was $20.0 million for the quarter, as compared to a net loss of $(12.0) million for the same period in 2016. Net loss was $(21.8) million for the fiscal year, as compared to a net loss $(6.9) million in fiscal year 2016.Adjusted Net Income Attributable to Common Stockholders* was $4.6 million for the quarter, as compared to $1.9 million for the same period in 2016. Adjusted Net Income Attributable to Common Stockholders was $28.7 million for the fiscal year, as compared to $7.8 million in fiscal year 2016.Adjusted EBITDA was $30.2 million for the quarter, up $0.8 million, or 2.8%, from the same period in 2016. Adjusted EBITDA was $129.0 million for the fiscal year, up $8.4 million, or 7.0%, from fiscal year 2016.Net cash provided by operating activities was $107.5 million for the fiscal year, up $27.1 million, or 33.7%, from fiscal year 2016.Normalized Free Cash Flow was $38.8 million for the fiscal year, up $11.7 million, or 43.1%, from fiscal year 2016.On February 26, 2018, Standard & Poor’s increased our Corporate Credit Rating from ‘B’ to ‘B+’ with a positive outlook.“We had a strong operational quarter and a great year, as we continued to execute well against our key strategies,” said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. “We remain focused on creating shareholder value through increasing landfill returns, improving collection profitability, creating incremental value through resource solutions, driving general and administrative efficiencies, and strong capital discipline.”“The progress we have made on our strategies can be seen in the positive financial results in the fourth quarter,” Casella said. “Our disciplined solid waste pricing programs continued to add value, with landfill pricing up 3.6% and collection pricing up 3.7%.  This strong pricing was coupled with 2.0% solid waste volume growth, mainly driven by 4.8% growth in landfill volumes as we continued to source new volumes in the tightening northeastern disposal markets, and 1.2% solid waste revenue growth from acquisitions.”“As we first announced in early August 2017, we have adjusted our capital strategy to balance delevering with prudent acquisition or development investments,” Casella said.  “We have set a goal to grow revenues by $20.0 million to $40.0 million per year through acquisition or development activity for the next three years as part of this new strategy.  We are off to a great start with this strategy, with roughly $18.0 million of acquired revenues over the last two months.  During the fourth quarter we completed a small tuck-in hauling acquisition, and in early January 2018 we completed the acquisition of an integrated solid waste company in Western Massachusetts that provides us with a new market entrance and a strategic truck and rail served transfer station that will enable us to direct additional waste volumes to our landfills in New York and Pennsylvania.  Our acquisition pipeline remains robust, and we believe that investing a portion of our excess cash flows to grow our business will create additional shareholder returns through higher cash flow growth rates driven by new revenue streams, internalization to our disposal facilities and cost synergies.”For the fourth quarter, revenues were $151.2 million, up $7.4 million, or 5.2%, from the same period in 2016, with revenue growth mainly driven by robust collection and disposal pricing, strong solid waste volumes, the roll-over impact from acquisitions, and higher volumes in the customer solutions line-of-business, partially offset by lower recycling commodity pricing and volumes. Net income attributable to common stockholders was $20.0 million, or $0.46 per diluted common share, up $32.0 million for the fourth quarter, as compared to net loss attributable to common stockholders of $(12.0) million, or $(0.29) per diluted common share for the same period in 2016. Adjusted Net income Attributable to Common Stockholders was $4.6 million, or $0.11 of Adjusted Diluted Earnings Per Common Share*, for the fourth quarter, compared to Adjusted Net Income Attributable to Common Stockholders of $1.9 million, or $0.05 of Adjusted Diluted Earnings Per Common Share, for the same period in 2016.Operating income was $9.9 million for the fourth quarter, down $(0.1) million from the same period in 2016, whereas Adjusted Operating Income* was $10.3 million for the fourth quarter, down $(0.6) million from the same period in 2016.“During the fourth quarter, operating income was down approximately $2.0 million year-over-year in our recycling business,” Casella said.  “This decline was mainly driven by China’s National Sword program, which imposed strict new contamination standards for recycled commodities and significantly reduced global demand for paper and cardboard products.  This has led to mixed paper price declines of approximately 80% from July 2017 to January 2018, while at the same time our operating costs are up as we have slowed sorting lines and increased labor to produce higher quality end products.  Our mature risk mitigation programs, such as the Sustainability Recycling Adjustment fee, have worked well to offset the majority of commodity price declines during the quarter and we expect these programs to continue to significantly reduce our commodity risk exposure.”For the fiscal year, revenues were $599.3 million, up $34.3 million, or 6.1%, from fiscal year 2016, reflecting the impact of robust collection, disposal and recycling commodity pricing, higher volumes in the Company’s collection, disposal, and customer solutions lines-of-business, and the roll-over impact from acquisitions, partially offset by lower organics volumes.Net loss attributable to common stockholders was $(21.8) million, or $(0.52) per diluted common share, a decrease of $(15.0) million for the fiscal year, as compared to net loss attributable to common stockholders of $(6.8) million, or $(0.17) per diluted common share, for fiscal year 2016. Adjusted Net Income Attributable to Common Stockholders was $28.7 million, or $0.67 of Adjusted Diluted Earnings Per Common Share, for the fiscal year, compared to Adjusted Net Income Attributable to Common Stockholders of $7.8 million, or $0.19 of Adjusted Diluted Earnings Per Common Share, for fiscal year 2016.Operating loss was $(12.6) million for the fiscal year, down $(57.5) million from operating income of $44.9 million in fiscal year 2016, whereas Adjusted Operating Income was $52.8 million for the fiscal year, up $6.9 million from fiscal year 2016.2018 Outlook“Our fiscal year 2018 budget is on track with the fiscal year 2021 strategic plan that we first introduced in August 2017, and reflects continued execution of our key strategies with the goal of driving additional shareholder value,” Casella said. “We remain cautious about near-term headwinds from the recycling business, however we believe that our mature risk mitigation programs will continue to offset the vast majority of commodity price declines and current market conditions are contemplated in our fiscal year 2018 guidance.”The Company provided guidance for the next fiscal year ending December 31, 2018 by estimating results in the following ranges:Revenues between $618 million and $628 million (as compared to $599.3 million in fiscal year 2017);Adjusted EBITDA between $135 million and $139 million (as compared to $129.0 million in fiscal year 2017); andNormalized Free Cash Flow between $42 million and $46 million (as compared to $38.8 million in fiscal year 2017).The Company provided the following assumptions that are built into its outlook:Overall the Company expects revenue growth of between 4.6% and 6.3% in fiscal year 2018.  However, the Company expects that the adoption of the new revenue recognition standard to lower our revenues by approximately 1.5%.  Given this change, the Company expects revenue growth of between 3.1% and 4.8% in fiscal year 2018. In the solid waste business, revenue growth of between 6.0% and 7.5%, with price growth from 2.5% to 3.5%, volume growth from 0.5% to 1.0%, and 3.0% growth from acquisitions already completed.In the recycling business, overall revenue declines of between 15.0% and 20.0%, driven by lower commodity prices, lower volumes and changes in revenue recognition, partially offset by higher processing fees.In the Other segment, overall revenue growth of approximately 5.0%, with growth in the industrial segment for the Customer Solutions group and higher volumes in the Organics group.The budget includes the roll-over impact of acquisitions completed during fiscal year 2017 and in early fiscal year 2018, but does not include any acquisitions that have not yet been completed. Capital expenditures of approximately $65 million, and payments on operating leases of approximately $7.5 million.No material changes in the regional economy from the last 12 months.Adjusted EBITDA and Normalized Free Cash Flow related to the fiscal year ending December 31, 2018 are described in the Reconciliation of 2018 Outlook Non-GAAP Measures section of this press release.Conference call to discuss quarter and fiscal year resultsThe Company will host a conference call to discuss these results on Friday, March 2, 2018 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should dial (877) 838-4153 or for international participants (720) 545-0037 at least 10 minutes before start time. The call will also be webcast; to listen, participants should visit Casella Waste Systems’ website at http://ir.casella.com(link is external) and follow the appropriate link to the webcast.A replay of the call will be available on the Company’s website, or by calling (855) 859-2056 or (404) 537-3406 (Conference ID8368179) until 12:00 p.m. ET on March 9, 2018.About Casella Waste Systems, Inc.Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste management services consisting of collection, transfer, disposal, and recycling services in the northeastern United States. For further information, investors contact Ned Coletta, Chief Financial Officer at (802) 772-2239; media contact Joseph Fusco, Vice President at (802) 772-2247; or visit the Company’s website at http://www.casella.com(link is external).*Non-GAAP Financial MeasuresIn addition to disclosing financial results prepared in accordance with GAAP, the Company also discloses earnings before interest, taxes, and depreciation and amortization, adjusted for accretion, depletion of landfill operating lease obligations, the Southbridge Landfill closure charge, gains on asset sales, development project charge write-offs, contract settlement charges, legal settlement costs, tax settlement costs, bargain purchase gains, asset impairment charges, environmental remediation charges, severance and reorganization costs, expenses from divestiture, acquisition and financing costs, gains on the settlement of acquisition related contingent consideration, fiscal year-end transition costs, proxy contest costs, as well as impacts from divestiture transactions (“Adjusted EBITDA”), which is a non-GAAP financial measure.The Company also discloses earnings before interest and taxes, adjusted for the Southbridge Landfill closure charge, gains on asset sales, development project charge write-offs, contract settlement charges, legal settlement costs, tax settlement costs, bargain purchase gains, asset impairment charges, environmental remediation charges, severance and reorganization costs, expenses from divestiture, acquisition and financing costs, gains on the settlement of acquisition related contingent consideration, fiscal year-end transition costs, proxy contest costs, as well as impacts from divestiture transactions (“Adjusted Operating Income”), which is a non-GAAP financial measure.The Company also discloses net income (loss) attributable to common stockholders, adjusted for the U.S. tax reform impact, the Southbridge Landfill closure charge, gains on asset sales, development project charge write-offs, contract settlement charges, legal settlement costs, tax settlement costs, bargain purchase gains, asset impairment charges, environmental remediation charges, severance and reorganization costs, expenses from divestiture, acquisition and financing costs, gains on the settlement of acquisition related contingent consideration, fiscal year-end transition costs, proxy contest costs, impacts from divestiture transactions, losses on debt modifications, as well as impairment of investments (“Adjusted Net Income Attributable to Common Stockholders”), which is a non-GAAP financial measure.The Company also discloses Adjusted Diluted Earnings Per Common Share, which is Adjusted Net Income Attributable to Common Stockholders divided by Adjusted Diluted Weighted Average Shares Outstanding, which includes the dilutive effect of options and restricted / performance stock units.The Company also discloses net cash provided by operating activities, less capital expenditures (excluding acquisition related capital expenditures), less payments on landfill operating lease contracts, plus proceeds from divestiture transactions, plus proceeds from the sale of property and equipment, plus proceeds from property insurance settlement, plus (less) contributions from (distributions to) noncontrolling interest holders (“Free Cash Flow”), which is a non-GAAP financial measure.The Company also discloses Free Cash Flow plus certain cash outflows associated with landfill closure, site improvement and remediation expenditures, plus certain cash outflows associated with new contract and project capital expenditures, (less) plus cash (inflows) outflows associated with certain business dissolutions, plus cash interest outflows associated with the timing of refinancing transactions (“Normalized Free Cash Flow”), which is a non-GAAP financial measure.The Company also discloses net cash provided by operating activities, plus changes in assets and liabilities, net of effects of acquisitions and divestitures, gains on sale of property and equipment, environmental remediation charges, losses on debt extinguishment, stock based compensation expense, the Southbridge Landfill closure charge, interest expense, cash interest expense, provisions for income taxes, net of deferred taxes and adjustments as allowed by the Company’s credit facility agreement (“Consolidated EBITDA”) and total long-term debt and capital leases, less unencumbered cash and cash equivalents in excess of $2.0 million (“Consolidated Funded Debt, Net” and, divided by Consolidated EBITDA, the “Consolidated Net Leverage Ratio”).Adjusted EBITDA and Adjusted Operating Income are reconciled to net income (loss); while Adjusted Net Income Attributable to Common Stockholders is reconciled to net income (loss) attributable to common stockholders; Adjusted Diluted Earnings Per Common Share is reconciled to diluted earnings per common share; Free Cash Flow and Normalized Free Cash Flow are reconciled to net cash provided by operating activities; and Consolidated Funded Debt, Net is reconciled to total long-term debt and capital leases..The Company presents Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income Attributable to Common Stockholders, Adjusted Diluted Earnings Per Common Share, Free Cash Flow, Normalized Free Cash Flow Consolidated EBITDA, Consolidated Funded Debt, Net and the Consolidated Net Leverage Ratio because it considers them important supplemental measures of its performance and believes they are frequently used by securities analysts, investors and other interested parties in the evaluation of the Company’s results. Management uses these non-GAAP financial measures to further understand its “core operating performance.” The Company believes its “core operating performance” is helpful in understanding its ongoing performance in the ordinary course of operations. The Company believes that providing Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income Attributable to Common Stockholders, Adjusted Diluted Earnings Per Common Share, Free Cash Flow, Normalized Free Cash Flow, Consolidated EBITDA, Consolidated Funded Debt, Net and the Consolidated Net Leverage Ratio to investors, in addition to corresponding income statement and cash flow statement measures, affords investors the benefit of viewing its performance using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and its results of operations has performed. The Company further believes that providing this information allows its investors greater transparency and a better understanding of its core financial performance.Non-GAAP financial measures are not in accordance with or an alternative for GAAP. Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income Attributable to Common Stockholders, Adjusted Diluted Earnings Per Common Share, Free Cash Flow, Normalized Free Cash Flow, Consolidated EBITDA, Consolidated Funded Debt, Net and the Consolidated Net Leverage Ratio should not be considered in isolation from or as a substitute for financial information presented in accordance with GAAP, and may be different from Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income Attributable to Common Stockholders, Adjusted Diluted Earnings Per Common Share, Free Cash Flow, Normalized Free Cash Flow, Consolidated EBITDA, Consolidated Funded Debt, Net and the Consolidated Net Leverage Ratio presented by other companies. 13,528 — 2017 — 10.5%Total revenues$151,223 (37,052) Southbridge Landfill closure charge316 2016Eastern region58.1% 381,973 $0.19 Environmental remediation charge (3)— $— $143,795 3,606 122,605 $0.05 Tax effect (i)206 Adjusted EBITDA$30,230 Other expense (income): Cash and cash equivalents, end of period$1,995 (7,219)Proceeds from the exercise of share based awards1,278 41,233 38,652 — 2016 1.1%Solid waste operations437,130 $(21,799) Other income(368) $(0.29) Three Months Ended December 31, 0.02 1.2% 14,848 51,309 13,747 $60,841 Cash Flows from Investing Activities: 150 (1)       The Company performed a test of recoverability under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360, which indicated that the carrying value of the Company’s asset group that includes the Southbridge Landfill was no longer recoverable and, as a result, the asset group was assessed for impairment with an impairment charge allocated to the long-lived assets of Southbridge Landfill in accordance with FASB ASC 360. (15,253) — Net income (loss)20,021 $24,363 (4) The Company incurred legal and other transaction costs associated with various matters as part of the Southbridge Landfill closure. $565,030 21.5% 13,148 2,408 7.4% 19,908 176 2016 2017 % of RecyclingOperations Basic earnings per common share$0.48 2016 $120,602 — 41,422 (1.4)%Total Company$7,429 1.0%Processing36 100.0%Components of revenue growth for the three months ended December 31, 2017 compared to the three months ended December 31, 2016 are as follows: 0.02 2017 $(0.17) 2017 9,997 December 31,2017 (0.2)%Customer Solutions1,877 (2) The Company wrote-off deferred costs associated with Southbridge Landfill permitting activities no longer deemed viable. — 1.3% 361,547 LIABILITIES AND STOCKHOLDERS’ DEFICIT (3)The Company recorded an environmental remediation charge associated with the future installation of a municipal waterline. 65,183 (24,550)Total liabilities and stockholders’ deficit $— 44.2%Disposal160,073 84,380 78,588 (2,438) $614,949 88,569 (4,482) (9)Net income (loss) attributable to common stockholders$20,021 (8.3)% 10.6% 73.6% (2,839)Acquisition related additions to property, plant and equipment(469) $599,309 — 1,002 Fiscal Year EndedDecember 31, — (21,799) —% Dilutive effect of options and other stock awards— CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESSUPPLEMENTAL DATA TABLES(Unaudited)(In thousands)Amounts of total revenues attributable to services provided for the three and twelve months ended December 31, 2017 and 2016 are as follows: Other non-current assets 1,589 752 1.1%Solid waste operations112,194 520,085 — 97,565 CURRENT LIABILITIES: (16,765) 24,887 % ofRelatedBusiness — 0.8%Processing1,699 Net cash used in financing activities(31,640) Diluted earnings per common share$0.46 Cash income taxes, net of refunds$146 32,743 21.3%Depreciation and amortization(15,795) 7,696 13,747 62,102 477,576 Three Months EndedDecember 31, Other long-term liabilities CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESRECONCILIATION OF CERTAIN NON-GAAP MEASURES(Unaudited)(In thousands, except for per share data)Following is a reconciliation of Adjusted EBITDA and Adjusted Operating Income from Net income (loss): 9,295 $80,434 (ii)This includes cash outlays associated with the Southbridge Landfill closure charge. 5,921 Fiscal Year EndedDecember 31, 232 Cash and cash equivalents, beginning of period2,544 Fiscal Year EndedDecember 31, $— (0.4)%Volume(1,448) $38,798 43.5%Disposal41,739 9.8%Recycling13,101 Income (loss) before income taxes4,207 2017 3,393 7.4%Customer solutions60,057 Southbridge Landfill closure charge316 $65,183 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)(In thousands)Note 1:  Southbridge Landfill Closure ChargeIn June 2017, the Company initiated its plan to cease operations of its Subtitle D landfill in Southbridge, Massachusetts (“Southbridge Landfill”). Accordingly, in the three months ended December 31, 2017 and the fiscal year ended December 31, 2017, the Company recorded charges associated with the closure of its Southbridge Landfill as follows: — Proceeds from long-term borrowings185,500 Environmental remediation charge— 2017 4,482 2016Net cash provided by operating activities$28,438 Fiscal Year EndedDecember 31, 0.01 13,747 (i)This includes a contract settlement charge associated with exiting a contract. 583 900 Net loss$(21,799) 52,911 Interest expense, net6,015 $45,845 398,466 2.4%Collection630 $0.67 1,182 (54,200)Payments on landfill operating lease contracts(3,509) Net cash used in investing activities(76,447) 65,953 Cost method investments 2016 9.6%Recycling62,307 $2,544 24,887 2016 24,469 65,183 1,347 8.1% 86,666 $631,512 — 72.6%Organics9,934 Operating income (loss)9,854 Normalized Free Cash Flow$4,419 Supplemental Disclosure of Cash Flow Information: 44.6% 16,432 44,997 $274 $5,373 $(11,974) 6,770 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESRECONCILIATION OF 2018 OUTLOOK NON-GAAP MEASURES(Unaudited)(In thousands)Following is a reconciliation of the Company’s anticipated Adjusted EBITDA from anticipated Net income for the fiscal year ending December 31, 2018: 503,961 Fiscal Year EndedDecember 31, Accounts payable (i)This includes the interest payment required upon redemption of the senior subordinated notes. 74.4%Solid waste internalization66.5% Total current assets (7,249)Proceeds from sale of property and equipment711 2016 2.2% 62,102 Depreciation and amortization62,102 % of TotalRevenues $27,117 69,675 — — 33,697 21,821 — 6,770 — Total Replacement Capital Expenditures$20,262 Expense from divestiture, acquisition and financing costs176 13,011 $20,347 Interest accretion on landfill and environmental remediation liabilities4,482 $(0.17)U.S. tax reform impact(0.36) Environmental remediation charge— $(6,858)Net income (loss) margin13.2% (9,295)Interest accretion on landfill and environmental remediation liabilities(1,277) Three Months EndedDecember 31, 41,846 2017 (935) Accounts receivable – trade, net 11,567 (38)Additions to property, plant and equipment(64,393) (11,974) (i)The aggregate tax effect of the adjustments, including the impact of deferred tax adjustments. 119,899 Price(497) (1,090)Loss on debt extinguishment— Loss on debt extinguishment— Total stockholders’ deficit 61,856 44,945 517 $(21,799) 8,149 1.55 $2,544 $4,686 2016 42,134 Depreciation and amortization15,795 — 61,196 $(0.52) Changes in assets and liabilities, net of effects of acquisitions and divestitures(4,584) Cash and cash equivalents 918 39,161 $(6,858)Adjustments to reconcile net loss to net cash provided by operating activities: Goodwill 1.1% $36,616 79,243 38,652 3,155 Changes in assets and liabilities, net of effects of acquisitions and divestitures4,584 Total assets 41,422 Deferred income taxes(15,525) 13,011 2016Cash Flows from Operating Activities: Following is the Consolidated Net Leverage Ratio and the reconciliations of Consolidated Funded Debt, Net from long-term debt and capital leases and Consolidated EBITDA from Net cash provided by operating activities: Interest accretion on landfill and environmental remediation liabilities1,277 Fiscal Year EndedDecember 31, 54,478 — $249,640 41,233 100.0% 0.34 Adjusted EBITDA margin20.0% 64.3% — 2016Diluted earnings per common share$0.46 (ii)This includes cash outlays associated with the Southbridge Landfill closure charge. 73.7% (11,824) 56.2% Tax effect— $631,512 (918) — 2017 10.0% $52,776 $0.05 Adjusted Operating Income margin6.8% 1,143 Interest payment on redemption of the senior subordinated notes (i)— 2017 Following is a reconciliation of Adjusted Net Income Attributable to Common Stockholders from Net income (loss) attributable to common stockholders: (62,964)Cash Flows from Financing Activities: 53.8%Western region76.2% 2017 — 5.4%Organics(280) Non-current assets acquired through long-term obligations$3,564 6,282 (608,198)Payments of debt issuance costs(1,452) 141,369 711 (1,090)Other expense, net5,647 Legal and transaction costs (4)316 9,149 Loss on sale of property and equipment(49)Loss on debt extinguishment(517)Stock based compensation(6,432)Southbridge Landfill non-cash charge(63,526)Interest expense, less amortization of debt issuance costs and discount on long-term debt22,468 (574)Southbridge Landfill non-cash closure charge63,526 Other952 Expense from divestiture, acquisition and financing costs176 % of TotalCompanySolid Waste Operations: — Consolidated EBITDA$135,363 21,581 900 Southbridge Landfill closure charge0.01 900 10.4% 20.4% 65,183 — 6,379 Fiscal Year EndedDecember 31, 3.0% 2017 (12.9)% $1,937 $28,740 Three Months EndedDecember 31, Intangible assets, net $62,524 Twelve Months Ended December 31, 2017Net cash provided by operating activities$107,538 $42,712 133,798 73.6%Organics39,815 — 901 (i) The Company’s credit facility agreement requires it to maintain a maximum leverage ratio, to be measured at the end of each fiscal quarter (“Consolidated Net Leverage Ratio”). The Consolidated Net Leverage Ratio is calculated as consolidated long-term debt and capital leases, net of unencumbered cash and cash equivalents in excess of $2,000 (“Consolidated Funded Debt, Net”, calculated at $497,680 as of December 31, 2017, or $497,680 of consolidated funded debt less $0 of cash and cash equivalents in excess of $2.0 million as of December 31, 2017), divided by Consolidated EBITDA. Consolidated EBITDA is based on operating results for the twelve months preceding the measurement date of December 31, 2017. A reconciliation of Net cash provided by operating activities to Consolidated EBITDA is as follows: 42,553 43,028 Adjusted Net Income Attributable to Common Stockholders$4,630 1,362 Adjusted diluted weighted average common shares outstanding43,394 44.0% 0.1%Acquisitions, net divestitures1,299 1,449 (3.6)% Three Months EndedDecember 31, Facilities1,447 Supplemental Disclosure of Non-Cash Investing and Financing Activities: 100.0% 611,892 $143,795 900 Free Cash Flow$3,820 $614,949 (1.0)%Total Recycling(1,945) (0.39) 2017 80,434 2017 128 — 0.32 Environmental remediation charge— 1.3% Amount (3,606)Adjusted Operating Income$10,346 $129,006 — 2017 Environmental remediation charge— $(0.17)Diluted weighted average common shares outstanding43,394 1,656 Other income(368) 6.6% — 3.4% 8.8% (37,862) $15,683 $0.67 Current maturities of long-term debt and capital leases 2016Asset impairment charge (1)$— 900 12,333 Collection$2,322 Southbridge landfill closure charge316 0.02 Following is a reconciliation of Free Cash Flow and Normalized Free Cash Flow from Net cash provided by operating activities: Southbridge Landfill closure charge$316 2.0% 2017 $4,926 2016Net income (loss)$20,021 (64,393) — —%Solid Waste Volume2,065 27.2%Power generation1,254 0.9% 383 1,362 82,426 0.6% $64,393 494 9,295 (9,395)Net cash provided by operating activities107,538 9,646 — 104,417 Following is a reconciliation of Adjusted Diluted Earnings Per Common Share from Diluted earnings per common share: $16,765 Adjusted Diluted Earnings Per Common Share$0.11 % of TotalRevenuesCollection$263,688 150 41,422 $(6,849)Basic weighted average common shares outstanding42,033 61,856 405,188 General and administration20,855 — Replacement Capital Expenditures: Environmental remediation charge— (61,856)Depletion of landfill operating lease obligations(2,812) 15,425 Principal payments on long-term debt(216,966) Provision for income taxes, net of deferred taxes272 Adjustments as allowed by the senior secured credit agreement71,025 0.4%Disposal1,399 2,581 Interest expense, net6,015 Change in restricted cash— — Expense from divestiture, acquisition and financing costs176 — Revenues$151,223 — % of TotalRevenues (9.6)% 0.8%Processing— 2016Total Growth Capital Expenditures$901 (15,253) 1.6%Disposal1,177 27.6% — (7,240) Long-term debt and capital leases, less current maturities 7.6% $(0.52) Total Growth and Replacement Capital Expenditures$21,163 26.7% Project development charge (2)— 74.1% Three Months EndedDecember 31, 2,312 0.9%Total Solid Waste7,777 900 7.1%Customer solutions15,994 2017 % of SolidWasteOperations 176 (Anticipated)Fiscal Year Ending December 31, 2018Net cash provided by operating activities$109,000 – $113,000Capital expenditures(65,000)Payments on landfill operating lease contracts(7,500)Free Cash Flow$36,500 – $40,500Contract settlement charge (i)2,000Landfill closure, site improvement and remediation expenditures (ii)3,500Normalized Free Cash Flow$42,000 – $46,000 Fiscal Year EndedDecember 31, 2016 Adjusted diluted earnings per common share$0.11 — Three Months EndedDecember 31, 2016Net income (loss) attributable to common stockholders$20,021 3.7% 1,220 Loss on debt extinguishment— 9,204 (Anticipated)Fiscal Year Ending December 31, 2018Net income$28,000 – $32,000Interest expense, net25,500Depreciation and amortization65,000Depletion of landfill operating lease obligations11,000Interest accretion on landfill and environmental remediation liabilities5,500Adjusted EBITDA$135,000 – $139,000Following is a reconciliation of Free Cash Flow and Normalized Free Cash Flow from Net cash provided by operating activities: — $5,453 12,333 2016 27.3%Power generation5,375 72.9% 2017 1.0%Processing7,994 Operating expenses: (16,089) (394) Loss on debt extinguishment517 — 8,019 6.7% (935) $(11,974) $10,897 41,587 Expense from divestiture, acquisition and financing costs— Deferred income taxes Diluted weighted average common shares outstanding43,394 (8,146)Payments of debt extinguishment costs— $(11,974) $565,030 0.6% $1,082 2017 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) (7,249)Proceeds from sale of property and equipment54 $48,827 ASSETS — (17,238)Net (decrease) increase in cash and cash equivalents(549) 5.2%Solid Waste Internalization Rates by Region for the three and twelve months ended December 31, 2017 and 2016 are as follows: Depletion of landfill operating lease obligations9,646 % of TotalRevenuesCollection$67,502 —% 2,165 9,204 (15,425) Amortization of debt issuance costs and discount on long-term debt2,692 3,881 (6,364)(Benefit) provision for income taxes(15,814) $(6,849)U.S. tax reform impact(16,089) (6,858)Less: Net loss attributable to noncontrolling interests— 0.1% 1,131 900 (2,165) 8.7% $2,299 Depletion of landfill operating lease obligations2,812 Total current liabilities (12,583) (9,646) $— Other accrued liabilities 1.2% 1.4%Recycling Operations: 0.2% $47,999 (3.3)% Cash interest$25,029 1,068 10,215 2016 41,846 Other current assets Property, plant and equipment, net Fiscal Year EndedDecember 31, $0.19 41,233 December 31,2016CURRENT ASSETS: 100.0% 56.4% $12,223 63.4%Components of capital expenditures for the three and twelve months ended December 31, 2017 and 2016 are as follows (v): 0.8% 41,846 15,046 — $(21,799) Loss (gain) on sale of property and equipment49 2017 9.4%Total revenues$599,309 36,562 — 494 Three Months EndedDecember 31, 3,606 5,832 517 0.6%Commodity price & volume186 Landfill development7,536 Landfill closure, site improvement and remediation expenditures (ii)599 $29,405 29,666 47,081 2,182 $54,200 $(0.52) 154,211 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands) (v) The Company’s capital expenditures are broadly defined as pertaining to either growth, replacement or acquisition activities. Growth capital expenditures are defined as costs related to development of new airspace, permit expansions, and new recycling contracts along with incremental costs of equipment and infrastructure added to further such activities. Growth capital expenditures include the cost of equipment added directly as a result of organic business growth as well as expenditures associated with adding infrastructure to increase throughput at transfer stations and recycling facilities. Replacement capital expenditures are defined as landfill cell construction costs not related to expansion airspace, costs for normal permit renewals, and replacement costs for equipment due to age or obsolescence. Acquisition capital expenditures, which are not included in the table above, are defined as costs of equipment added directly as a result of new business growth related to an acquisition.Source: RUTLAND, Vt., March 01, 2018 (GLOBE NEWSWIRE) — Casella Waste Systems, Inc www.casella.com(link is external) (394) 14,117 293 Loss on debt extinguishment— Capital expenditures(21,163) 517 604,850 $(0.29) 176 — Cost of operations104,227 Depreciation and amortization15,795 2016 $107,538last_img read more

LAMS Competes At 2020 MathCounts Chapter Competition

first_imgFrom left, Minhtet Htoon, Rebecca Li, Linnhtet Htoon, Asher Koh, Coach Phuong Nguyen and MathCounts Chapter Coordinator Rusty Rodke. Courtesy photoFrom left, Abraham Yang, Gala Nelson, Alyssa Sun, Henry Gans, Coach Phuong Nguyen and MathCounts Chapter Coordinator Rusty Rodke. Courtesy photo2020 MATHCOUNTS News:The 2020 MathCounts Chapter competition for Northern New Mexico was held Saturday, Feb. 22 at UNM-LA. Six schools competed: Los Alamos Middle School; Aspen Elementary; Barranca Elementary; Mountain Elementary;A Santa Fe school; andAn Escalante school.LAMS sent a team of four Mathletes to compete, as well as six individual Mathletes.The LAMS team took first place in this competition with team members Linnhtet Htoon, Minhtet Htoon, Asher Koh and Tebecca Li. The top three finishers in the written contest were Rebecca Li (first), Linnhtet Htoon (second), and Asher Koh (third). All ten Mathletes placed in the top 16 and competed in the Jeopardy-style Countdown Round. The top finishers in the Countdown Round were Linnhter Htoon (first) and Nicholas Witkowski (third).Congratulation to the Los Alamos Middle Schools Mathletes on their performance in the Chapter competition. They will compete in the MathCounts State Competition March 14 in Albuquerque.The LAMS MathCounts coaches are Phuong Nguyen and Jane Lataille.The Mountain Elementary School team was comprised of Henry Gans, Gala Nelson, Alyssa Sun, and Abraham Yang. Mountain took second place and is now qualified for the State competition where they will be competing against other students statewide. Henry Gans and Alyssa Sun placed in the top 16 and competed in the final, fast-paced Countdown Round. Henry Gans placed 2nd on the Countdown Round. Congratulations to the Mountain School team on their performance.The Mountain Elementary School MathCounts coaches are Jane Lataille and Phuong Nguyen.last_img read more

Video | OC Neal Brown after UK loss at Missouri

first_imgPlay VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Session ID: 2020-09-17:2a42d8ce217fd66b9b013b6 Player ID: videojs-brightcove-player-160182-3870734642001 OK Close Modal DialogCaption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Kentucky football’s offensive coordinator Neal Brown answers questions after UK’s loss at Missouri. Nov. 1, 2014last_img read more

Coronavirus: Vietnam Grand Prix set to become SECOND F1 race cancelled as deadly virus spreads in nearby China

first_img Source: Motorsport – thesun.co.uk Top 5 Best Budget Hotels In Dubai under AED 400 a night. Rebekah Vardy scores an impressive penalty in six-inch heels 10 INCREDIBLE Space Launch Failures! Real or Fake? Shark Attacks Helicopter 8 MOST DANGEROUS RAINS of All Time | TOP 10 INTERESTINGcenter_img People Slammed By Massive Waves 4 Travel Diary // Vietnam 2017 What’s This “Trick” Called? Comment Down Below!! FORMULA ONE bosses could be forced to cancel the Vietnam Grand Prix due to the coronavirus.The news comes after Formula One chiefs confirmed the Chinese Grand Prix would be postponed while health authorities tackle the deadly virus.After the Chinese GP was postponed, the Vietnamese race is also under threat due to the coronavirusCredit: AFP – GettyHowever, SunSport understands that the Vietnam GP is now also in doubt, as the track in Hanoi is just 100 miles from the Chinese border.Plus, F1 teams could also struggle to make the season-opener in Melbourne as travel routes to Australia are closed down due to the virus.A statement from the sport’s governing body said: “The FIA is closely monitoring the evolving situation with relevant authorities and its Member Clubs, under the direction of FIA Medical Commission President, Professor Gerard Saillant.“The FIA will evaluate the calendar of its forthcoming races and, if necessary, take any action required to help protect the global motor sport community and the wider public.”The Shanghai race was due to run on April 19 however, that has now been shelved with F1 trying to squeeze it in later in the year.However, attention will now switch to the Vietnam GP on April 5 as the country faces an anxious wait to see if the race gets the go-ahead.HANOI DEBUTF1’s owners, Liberty Media, are desperate for the Hanoi race to be a success as it is the first new addition since they bought the sport in 2017.Yet there could be more pressing concerns for F1 regarding the first race of the season in Melbourne on March 15.While the threat of coronavirus in Australia is minimal, the difficulty could be for teams and media to find an operating transport route.Airport hubs such as Singapore and Hong Kong both have confirmed positive tests for the virus. And airlines are already taking necessary precautions to limit its spread with Cathay Pacific cancelling more than half their flights in February and March.Should more flights be axed, it would throw pre-race preparations into chaos.Meanwhile, F1 boss, Chase Carey, admits that it could be impossible to accommodate the Chinese GP later in the season.One possible option would be swapping with the Russian GP or alternatively hosting a race in Shanghai immediately after it.But that would mean a triple-header of China, Russia and Japan, something the teams are likely to oppose.Another option would be for the Chinese GP to take the date of the Abu Dhabi GP and the race in the Middle East moving back a week.However, Carey admits it he is uncertain whether a date can be found, saying: “Part of the challenge is that you don’t really know the timeframe (of the virus).“Clearly we have a busy calendar so it’s not easy to reschedule this late when essentially we are a month out from our first race of the season.“We will work with our Chinese partners to try and see, when we know more, what options might exist.”The FIA will not take any risks with the virus with the track in Hanoi is just 100 miles from the Chinese borderCredit: Alamy Live NewsThis year was supposed to see the maiden Vietnam Grand Prix take placeCredit: AFP – GettyBrit posts video diary of frantic bid to get flight home from coronavirus city of Wuhan and his quarantine in Milton Keynes hotel last_img read more