Advanced Disposal Services Inc (NYSE: ADSW) has reported 9.2% growth in the revenue to $384.4 million in the fourth quarter of FY 17. The net income for the fourth quarter 2017 is of $42.0 million aided in part by a $40.4 million tax impact from the Tax Cuts and Jobs Act. The company is seeing strong top-line growth, which should position the company well as it moves into 2018. Overall, the company has reported the net income for the full year 2017 of $38.3 million and adjusted EBITDA grew $7 million to $418.1 million.

Moreover, in the fourth quarter of FY 17, ADSW has achieved the average yield of 1.1% and organic volume growth of 2.9% due to the strong disposal volume. The year-over-year growth from acquisitions was 5.5% in the fourth quarter of 2017 is due to the first quarter purchase of CGS Services, Inc. and thirteen tuck-in acquisitions completed during 2017. ADSW in the fourth quarter has posted the adjusted EBITDA of $108.8 million, up $1.1 million year-over-year despite impacts from healthcare costs and net fuel costs that were a $3.4 million headwind.

Meanwhile, in FY 17, ADSW has received a credit rating upgrade by Standard & Poor’s. The company has reduced the interest rate on the company’s $1.46 billion of Term Loan B debt by 50 basis points to LIBOR+225 basis points. In FY 17, the cash provided by operating activities was $308.8 million, which is an increase of 30% and the full year 2017 adjusted free cash flow has increased 40% to $131.8 million.

Additionally, for 2018, ADSW expects the revenue is to be in the range between $1,545 million and $1,565 million. This includes the average yield of 2.1% to 2.8%, organic volume of 0.4% to 1.0%, acquisition rollover revenue of 1.3%, and an estimated (1.4%) impact from lower revenue from the sale of commodities and the adoption of the new revenue recognition standard. The adjusted EBITDA is expected to be between $426 million and $436 million. Further, for FY 18, the company expects the capital expenditures to be in the range between $184 million and $194 million. The adjusted free cash flow is forecasted to be in the range between $134 million and $144 million. The company has given the 2018 guidance based on current economic conditions and does not assume any significant changes in the overall economy during 2018.