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Covanta history
Covanta company history timeline
In 1983, Ogden acquired the North American rights to the Martin GmbH system of incineration, the most widely used technology.
Ogden Projects completed its first waste-to-energy plant in 1986.
Responding to such concerns in 1987, an Ogden spokesman observed that contracting "is going to become even more widespread, because it is the only solution to saving what is left of America's smokestack industries."
By 1989, Ogden enjoyed annual sales of more than $1 billion.
Counter to all expectations, in 1990 the unit endured a loss of almost $4 million on revenues of $6 million.
1991: The company acquires complete control over ERC Environmental and Energy Services.
The company landed a contract to manage the observation deck at the World Trade Center in New York City in 1995 and also acquired a 50 percent interest in Metropolitan Entertainment Inc. and Firehole Entertainment Corporation.
In 1999, Wet'n Wild Inc. and several other water parks were purchased.
The company's financial situation went from bad to worse when it defaulted on a $4.6 million interest payment in March 2002.
2002: Covanta files for Chapter 11 bankruptcy protection.
The company's financial situation went from bad to worse when it defaulted on a $4.6 million interest payment in March 2002. Its geothermal assets were sold in December 2003.
During a call with investors on February 15, Covanta revealed that 2018 was the safest year in the history of the company.
For the fourth quarter of 2018, diluted earnings per share (EPS) was $0.07 and adjusted EPS was $0.03, compared to $0.09 and $0.04, respectively, in the prior year period.
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Covanta competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Clean Harbors | 1980 | $5.9B | 14,400 | 2,020 |
| Exelon | 2000 | $23.0B | 33,383 | 322 |
| Harris Waste Management Group, Inc. | - | $50.0M | - | - |
| Republic Services | 1998 | $16.0B | 35,000 | 1,401 |
| Progress Energy | 1925 | $22.7B | 11,000 | - |
| South Jersey Industries | 1910 | $2.0B | 650 | 61 |
| Potomac Electric Power Company | 1896 | $23.0B | 1,429 | - |
| BCS Financial | 1953 | $8.5M | 210 | 12 |
| Reliance Group Holdings | 1961 | $2.5B | 6,050 | - |
| TXU Energy Retail Company | - | $49.9M | 1,000 | - |
Covanta history FAQs
Zippia gives an in-depth look into the details of Covanta, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Covanta. The employee data is based on information from people who have self-reported their past or current employments at Covanta. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Covanta. The data presented on this page does not represent the view of Covanta and its employees or that of Zippia.
Covanta may also be known as or be related to COVANTA HOLDING CORP, Covanta, Covanta Energy, Covanta Holding Corp. and Covanta Holding Corporation.