Latest news with #WasteConnections
Yahoo
18 hours ago
- Business
- Yahoo
WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
TORONTO, July 23, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.315 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on August 21, 2025 to shareholders of record at the close of business on August 6, 2025. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend. Shareholders of Waste Connections whose common shares are held by a bank or broker that participates in U.S. depositary DTC will receive payment of their dividends in U.S. dollars. Shareholders of Waste Connections whose common shares are held by a bank or broker that participates in Canadian depositary CDS will receive payment of their dividends in Canadian dollars, calculated based on the Bank of Canada's daily average exchange rate on August 6, 2025. Shareholders of Waste Connections who hold their shares in direct registration with Computershare, the Company's transfer agent, will receive payment of their dividends in Canadian dollars if they are residents of Canada, as reflected in Waste Connections' shareholders register, and will receive their dividend payments in U.S. dollars if they are not residents of Canada, including if they are residents of the U.S. About Waste Connections Waste Connections ( is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance ("ESG") efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit for more information and updates on our progress towards targeted achievement. Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 ("PSLRA"), including "forward-looking information" within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections' current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words "may," "might," "believes," "thinks," "expects," "estimate," "continue," "intends" or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and amount of cash dividends. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company's filings with the SEC and the securities commissions or similar regulatory authorities in Canada. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws. CONTACT:Mary Anne Whitney / (832) 442-2253 Joe Box / (832) 442-2153 maryannew@ View original content to download multimedia: SOURCE Waste Connections, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Cision Canada
18 hours ago
- Business
- Cision Canada
WASTE CONNECTIONS REPORTS SECOND QUARTER 2025 RESULTS AND UPDATES FULL YEAR OUTLOOK
Continued improvement in employee retention and record safety performance complement 6.6% solid waste core pricing to drive better than expected results Revenue of $2.407 billion, above expectations and up 7.1% Net income (a) of $290.3 million, or $1.12 per share, adjusted net income attributable to Waste Connections (b) of $333.1 million, or $1.29 per share Adjusted EBITDA (b) of $786.4 million, above expectations and up 7.5% Adjusted EBITDA (b) margin of 32.7% of revenue Maintains full year 2025 outlook of $9.45 billion in revenue, $3.12 billion in adjusted EBITDA (b) and $1.30 billion in adjusted free cash flow (b) TORONTO, July 23, 2025 /CNW/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the second quarter of 2025 and updated its outlook for the full year. "Continued improvement in employee retention and record low safety rates, along with solid waste core pricing growth of 6.6%, drove underlying solid waste margin expansion of approximately 70 basis points in the period," said Ronald J. Mittelstaedt, President and Chief Executive Officer. "We delivered results above our outlook for the quarter in spite of headwinds from lower-than-expected contributions from higher margin, commodity-related activities and continued sluggishness in the economy, along with tariff-induced uncertainties." "As anticipated, we have already completed an outsized year of acquisition activity, at approximately $200 million in annualized revenue, with a robust pipeline and almost half of the year still ahead of us. The strength of our financial profile and free cash flow generation keeps us well-positioned for additional acquisitions, while maintaining the flexibility for increased return of capital to shareholders, including through opportunistic share repurchases already underway." Mr. Mittelstaedt added, "In spite of incremental and growing headwinds, our full year 2025 outlook remains within the ranges from February, providing for approximately 6% revenue growth and 50 basis points of adjusted EBITDA margin expansion to 33.0%. We remain well-positioned for upside from contributions from additional acquisitions, improvements in commodity-related activity and solid waste volumes." Q2 2025 Results Revenue in the second quarter totaled $2.407 billion, up from $2.248 billion in the year ago period. Operating income was $459.5 million, which included $7.3 million primarily in impairments and other operating items and transaction-related expenses. This compares to operating income of $424.7 million in the second quarter of 2024, which included $15.7 million primarily in impairments and other operating items and transaction-related expenses. Net income in the second quarter was $290.3 million, or $1.12 per share on a diluted basis of 259.0 million shares. In the year ago period, the Company reported net income of $275.5 million, or $1.07 per share on a diluted basis of 258.6 million shares. Adjusted net income (b) in the second quarter was $333.1 million, or $1.29 per diluted share, versus $320.0 million, or $1.24 per diluted share, in the prior year period. Adjusted EBITDA (b) in the second quarter was $786.4 million, as compared to $731.8 million in the prior year period. Adjusted net income, adjusted net income per diluted share and adjusted EBITDA, all non-GAAP measures, primarily exclude impairments and acquisition-related items, as reflected in the detailed reconciliations in the attached tables. Six Months Year to Date Results For the six months ended June 30, 2025, revenue was $4.635 billion, up from $4.321 billion in the year ago period. Operating income, which included $27.5 million primarily attributable to transaction-related expenses and impairments and other operating items was $849.8 million, as compared to operating income of $791.5 million in the prior year period, which included $27.2 million primarily attributable to transaction-related expenses and impairments and other operating items. Net income for the six months ended June 30, 2025 was $531.8 million, or $2.05 per share on a diluted basis of 258.9 million shares. In the year ago period, the Company reported net income of $505.5 million, or $1.96 per share on a diluted basis of 258.5 million shares. Adjusted net income (b) for the six months ended June 30, 2025 was $626.2 million, or $2.42 per diluted share, compared to $588.7 million, or $2.28 per diluted share, in the year ago period. Adjusted EBITDA (b) for the six months ended June 30, 2025 was $1.499 billion, as compared to $1.382 billion in the prior year period. Updated 2025 Outlook Waste Connections also updated its outlook for 2025, which assumes no change in the current economic environment or underlying economic trends. The Company's outlook excludes any impact from additional acquisitions that may close during the year, and expensing of transaction-related items. The outlook provided below is forward looking, and actual results may differ materially depending on risks and uncertainties detailed at the end of this release and in our periodic filings with the U.S. Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada. Certain components of the outlook for 2025 are subject to quarterly fluctuations. See reconciliations in the attached tables. Revenue is estimated to be approximately $9.450 billion; Net income is estimated to be approximately $1.140 billion, and adjusted EBITDA (b) is estimated to be approximately $3.120 billion, or about 33.0% of revenue; Capital expenditures are estimated to be between $1.200 billion and $1.250 billion; and Net cash provided by operating activities is estimated to be between $2.483 billion and $2.533 billion, and adjusted free cash flow (b) is estimated to be approximately $1.300 billion. Q2 2025 Earnings Conference Call Waste Connections will be hosting a conference call related to second quarter earnings on July 24 th at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting and selecting "News & Events" from the website menu. Alternatively, conference call participants can preregister by clicking here. Registered participants will receive dial-in instructions and a personalized code for entry to the conference call. A replay of the conference call will be available until July 31, 2025, by calling 877-344-7529 (within North America) or 412-317-0088 (international) and entering Passcode #4455366. About Waste Connections Waste Connections ( is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance ("ESG") efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit for more information and updates on our progress towards targeted achievement. Safe Harbor and Forward-Looking Information This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 ("PSLRA"), including "forward-looking information" within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections' current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words "may," "might," "believes," "thinks," "expects," "estimate," "continue," "intends" or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about expected 2025 financial results, outlook and related assumptions, and potential acquisition activity. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company's filings with the SEC and the securities commissions or similar regulatory authorities in Canada. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws. – financial tables attached – Three months ended June 30, Six months ended June 30, 2024 2025 2024 2025 Revenues $ 2,248,166 $ 2,407,055 $ 4,320,819 $ 4,635,231 Operating expenses: Cost of operations 1,301,070 1,392,857 2,522,853 2,684,299 Selling, general and administrative 228,848 242,966 449,583 493,100 Depreciation 241,229 257,421 463,920 499,728 Amortization of intangibles 44,124 50,236 84,414 97,878 Impairments and other operating items 8,190 4,030 8,544 10,471 Operating income 424,705 459,545 791,505 849,755 Interest expense (82,377) (82,751) (160,864) (163,626) Interest income 4,009 2,314 6,060 4,084 Other income, net 9,647 10,050 7,823 11,922 Income before income tax provision 355,984 389,158 644,524 702,135 Income tax provision (80,584) (98,882) (139,996) (170,348) Net income 275,400 290,276 504,528 531,787 Plus: Net loss attributable to noncontrolling interests 77 - 1,003 - Net income attributable to Waste Connections $ 275,477 $ 290,276 $ 505,531 $ 531,787 Earnings per common share attributable to Waste Connections' common shareholders: Basic $ 1.07 $ 1.12 $ 1.96 $ 2.06 Diluted $ 1.07 $ 1.12 $ 1.96 $ 2.05 Shares used in the per share calculations: Basic 257,994,105 258,377,345 257,897,609 258,286,168 Diluted 258,565,246 258,982,647 258,523,996 258,944,234 WASTE CONNECTIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands of U.S. dollars, except share and per share amounts) December 31, 2024 June 30, 2025 ASSETS Current assets: Cash and equivalents $ 62,366 $ 110,166 Accounts receivable, net of allowance for credit losses of $25,730 and $23,612 at December 31, 2024 and June 30, 2025, respectively 935,027 1,031,911 Prepaid expenses and other current assets 229,519 207,662 Total current assets 1,226,912 1,349,739 Restricted cash 135,807 157,305 Restricted investments 78,126 77,784 Property and equipment, net 8,035,929 8,380,628 Operating lease right-of-use assets 308,198 325,050 Goodwill 7,950,406 8,220,824 Intangible assets, net 1,991,619 2,062,045 Other assets, net 90,812 105,235 Total assets $ 19,817,809 $ 20,678,610 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 637,371 $ 729,886 Book overdraft 14,628 15,024 Deferred revenue 382,501 412,417 Accrued liabilities 736,824 705,551 Current portion of operating lease liabilities 40,490 41,762 Current portion of contingent consideration 59,169 87,800 Current portion of long-term debt and notes payable 7,851 8,759 Total current liabilities 1,878,834 2,001,199 Long-term portion of debt and notes payable 8,072,928 8,337,178 Long-term portion of operating lease liabilities 272,107 279,115 Long-term portion of contingent consideration 27,993 20,272 Deferred income taxes 958,340 1,035,413 Other long-term liabilities 747,253 651,776 Total liabilities 11,957,455 12,324,953 Commitments and contingencies Equity: Common shares: 258,067,487 shares issued and 258,019,389 shares outstanding at December 31, 2024; 258,393,105 shares issued and 258,346,757 shares outstanding at June 30, 2025 3,283,161 3,285,689 Additional paid-in capital 325,928 335,939 Accumulated other comprehensive loss (205,740) (93,812) Treasury shares: 48,098 and 46,348 shares at December 31, 2024 and June 30, 2025, respectively - - Retained earnings 4,457,005 4,825,841 Total Waste Connections' equity 7,860,354 8,353,657 Noncontrolling interest in subsidiaries - - Total equity 7,860,354 8,353,657 Total liabilities and equity $ 19,817,809 $ 20,678,610 Six months ended June 30, 2024 2025 Cash flows from operating activities: Net income $ 504,528 $ 531,787 Adjustments to reconcile net income to net cash provided by operating activities: Loss (gain) from disposal of assets, impairments and other (1,603) 11,480 Depreciation 463,920 499,728 Amortization of intangibles 84,414 97,878 Deferred income taxes, net of acquisitions 47,592 58,292 Current period provision for expected credit losses 8,756 5,171 Amortization of debt issuance costs 5,960 4,101 Share-based compensation 40,813 41,956 Interest accretion 19,227 25,556 Payment of contingent consideration recorded in earnings - (400) Adjustments to contingent consideration (500) 30,584 Other 1,694 (2,661) Net change in operating assets and liabilities, net of acquisitions (73,114) (123,731) Net cash provided by operating activities 1,101,687 1,179,741 Cash flows from investing activities: Payments for acquisitions, net of cash acquired (1,435,704) (510,738) Capital expenditures for property and equipment (387,170) (497,765) Proceeds from disposal of assets 2,997 5,417 Proceeds from sale of investment in noncontrolling interests 37,000 - Other (11,227) (16,886) Net cash used in investing activities (1,794,104) (1,019,972) Cash flows from financing activities: Proceeds from long-term debt 3,140,648 1,613,594 Principal payments on notes payable and long-term debt (2,234,998) (1,488,785) Payment of contingent consideration recorded at acquisition date (12,496) (22,895) Change in book overdraft 1,350 397 Payments for repurchase of common shares - (389) Payments for cash dividends (147,271) (162,950) Tax withholdings related to net share settlements of equity-based compensation (31,264) (30,934) Debt issuance costs (12,557) (3,433) Proceeds from issuance of shares under employee share purchase plan 2,183 2,593 Proceeds from sale of common shares held in trust 286 324 Other (4,000) - Net cash provided by (used in) financing activities 701,881 (92,478) Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,096) 2,007 Net increase in cash, cash equivalents and restricted cash 8,368 69,298 Cash, cash equivalents and restricted cash at beginning of period 184,038 198,173 Cash, cash equivalents and restricted cash at end of period $ 192,406 $ 267,471 ADDITIONAL STATISTICS (in thousands of U.S. dollars, except where noted) Solid Waste Internal Growth: The following table reflects a breakdown of the components of our solid waste internal growth for the three and six month periods ended June 30, 2025: Revenue Breakdown: The following table reflects a breakdown of our revenue for the three month periods ended June 30, 2024 and 2025: Three months ended June 30, 2025 Revenue Inter-company Elimination Reported Revenue % Solid Waste Collection $ 1,690,785 $ (5,331) $ 1,685,454 70.0 % Solid Waste Disposal and Transfer 784,015 (342,396) 441,619 18.3 % Solid Waste Recycling 69,163 (2,358) 66,805 2.8 % E&P Waste Treatment, Recovery and Disposal 178,117 (8,282) 169,835 7.1 % Intermodal and Other 43,934 (592) 43,342 1.8 % Total $ 2,766,014 $ (358,959) $ 2,407,055 100.0 % Contribution from Acquisitions: The following table reflects revenues from acquisitions, net of divestitures, for the three and six month periods ended June 30, 2024 and 2025: ADDITIONAL STATISTICS (continued) (in thousands of U.S. dollars, except where noted) Other Cash Flow Items: The following table reflects cash interest and cash taxes for the three and six month periods ended June 30, 2024 and 2025: Debt to Book Capitalization as of June 30, 2025: 50% Internalization for the three months ended June 30, 2025: 60% Days Sales Outstanding for the three months ended June 30, 2025: 39 (23 net of deferred revenue) Share Information for the three months ended June 30, 2025: NON-GAAP RECONCILIATION SCHEDULE (in thousands of U.S. dollars, except where noted) Reconciliation of Adjusted EBITDA: Adjusted EBITDA, a non-GAAP financial measure, is provided supplementally because it is widely used by investors as a performance and valuation measure in the solid waste industry. Management uses adjusted EBITDA as one of the principal measures to evaluate and monitor the ongoing financial performance of Waste Connections' operations. Waste Connections defines adjusted EBITDA as net income attributable to Waste Connections, plus or minus net income (loss) attributable to noncontrolling interests, plus income tax provision, plus interest expense, less interest income, plus depreciation and amortization expense, plus closure and post-closure accretion expense, plus or minus any loss or gain on impairments and other operating items, plus other expense, less other income. Waste Connections further adjusts this calculation to exclude the effects of other items management believes impact the ability to assess the operating performance of its business. This measure is not a substitute for, and should be used in conjunction with, GAAP financial measures. Other companies may calculate adjusted EBITDA differently. Three months ended June 30, Six months ended June 30, 2024 2025 2024 2025 Net income attributable to Waste Connections $ 275,477 $ 290,276 $ 505,531 $ 531,787 Less: Net loss attributable to noncontrolling interests (77) - (1,003) - Plus: Income tax provision 80,584 98,882 139,996 170,348 Plus: Interest expense 82,377 82,751 160,864 163,626 Less: Interest income (4,009) (2,314) (6,060) (4,084) Plus: Depreciation and amortization 285,353 307,657 548,334 597,606 Plus: Closure and post-closure accretion 6,087 11,942 15,492 23,816 Plus: Impairments and other operating items 8,190 4,030 8,544 10,471 Less: Other income, net (9,647) (10,050) (7,823) (11,922) Adjustments: Plus: Transaction-related expenses (a) 7,256 3,973 17,103 15,943 Plus/(Less): Fair value changes to equity awards (b) 222 (734) 1,507 1,036 Adjusted EBITDA $ 731,813 $ 786,413 $ 1,382,485 $ 1,498,627 As % of revenues 32.6 % 32.7 % 32.0 % 32.3 % Reconciliation of Adjusted Free Cash Flow: Adjusted free cash flow, a non-GAAP financial measure, is provided supplementally because it is widely used by investors as a liquidity measure in the solid waste industry. Waste Connections calculates adjusted free cash flow as net cash provided by operating activities, plus or minus change in book overdraft, plus proceeds from disposal of assets, less capital expenditures for property and equipment. Waste Connections further adjusts this calculation to exclude the effects of items management believes impact the ability to evaluate the liquidity of its business operations. This measure is not a substitute for, and should be used in conjunction with, GAAP liquidity or financial measures. Other companies may calculate adjusted free cash flow differently. Three months ended June 30, Six months ended June 30, 2024 2025 2024 2025 Net cash provided by operating activities $ 611,378 $ 638,202 $ 1,101,687 $ 1,179,741 Plus: Change in book overdraft 1,621 507 1,350 397 Plus: Proceeds from disposal of assets 1,912 4,448 2,997 5,417 Less: Capital expenditures for property and equipment (217,219) (285,310) (387,170) (497,765) Adjustments: Transaction-related expenses (a) 3,704 8,769 8,680 11,161 Executive separation costs (b) 1,670 1,670 1,670 2,119 Payment of contingent consideration recorded in earnings (c) - 400 - 400 Pre-existing Progressive Waste share-based grants (d) 1,117 - 1,131 16 Tax effect (e) (1,544) (1,673) (2,913) (2,398) Adjusted free cash flow $ 402,639 $ 367,013 $ 727,432 $ 699,088 As % of revenues 17.9 % 15.2 % 16.8 % 15.1 % (a) Reflects the addback of acquisition-related transaction costs. (b) Reflects the cash component of severance expense associated with an executive departure from 2023. (c) Reflects the addback of acquisition-related payments for contingent consideration that were recorded as expenses in earnings and as a component of cash flows from operating activities as the amounts paid exceeded the fair value of the contingent consideration recorded at the acquisition date. (d) Reflects the cash settlement of pre-existing Progressive Waste share-based awards during the period. (e) The aggregate tax effect of footnotes (a) through (d) is calculated based on the applied tax rates for the respective periods. NON-GAAP RECONCILIATION SCHEDULE (continued) (in thousands of U.S. dollars, except per share amounts) Reconciliation of Adjusted Net Income attributable to Waste Connections and Adjusted Net Income per Diluted Share attributable to Waste Connections: Adjusted net income attributable to Waste Connections and adjusted net income per diluted share attributable to Waste Connections, both non-GAAP financial measures, are provided supplementally because they are widely used by investors as valuation measures in the solid waste industry. Management uses adjusted net income attributable to Waste Connections and adjusted net income per diluted share attributable to Waste Connections as one of the principal measures to evaluate and monitor the ongoing financial performance of Waste Connections' operations. Waste Connections provides adjusted net income attributable to Waste Connections to exclude the effects of items management believes impact the comparability of operating results between periods. Adjusted net income attributable to Waste Connections has limitations due to the fact that it excludes items that have an impact on the Company's financial condition and results of operations. Adjusted net income attributable to Waste Connections and adjusted net income per diluted share attributable to Waste Connections are not a substitute for, and should be used in conjunction with, GAAP financial measures. Other companies may calculate these non-GAAP financial measures differently. (a) Approximately 24.4% full year effective tax rate, including amounts reported for the six month period ended June 30, 2025. (b) Reflects amounts reported for the six month period ended June 30, 2025, as shown on page 9.
Yahoo
2 days ago
- Business
- Yahoo
Waste Connections (WCN) Q2 Earnings Report Preview: What To Look For
Waste management company Waste Connections (NYSE:WCN) will be reporting earnings this Wednesday after market hours. Here's what to look for. Waste Connections met analysts' revenue expectations last quarter, reporting revenues of $2.23 billion, up 7.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' adjusted operating income estimates. Is Waste Connections a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Waste Connections's revenue to grow 6.4% year on year to $2.39 billion, slowing from the 11.2% increase it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Waste Connections has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average. With Waste Connections being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for environmental and facilities services stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.9% on average over the last month. Waste Connections is down 3% during the same time. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Business Insider
05-07-2025
- Business
- Business Insider
RBC Capital Reaffirms Their Buy Rating on Waste Connections (WCN)
In a report released on July 3, Sabahat Khan from RBC Capital maintained a Buy rating on Waste Connections, with a price target of $221.00. The company's shares closed last Thursday at $180.73. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Khan covers the Consumer Cyclical sector, focusing on stocks such as Polaris, BRP, and Boyd Group Services. According to TipRanks, Khan has an average return of 8.6% and a 59.18% success rate on recommended stocks. Currently, the analyst consensus on Waste Connections is a Strong Buy with an average price target of $216.67, which is a 19.89% upside from current levels. In a report released on June 26, Morgan Stanley also reiterated a Buy rating on the stock with a $227.00 price target. Based on Waste Connections' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.23 billion and a net profit of $241.51 million. In comparison, last year the company earned a revenue of $2.07 billion and had a net profit of $230.05 million Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WCN in relation to earlier this year. Most recently, in May 2025, ROBERT III NIELSEN, the SR VP Operations of WCN sold 973.00 shares for a total of $190,971.50.
Yahoo
04-07-2025
- Business
- Yahoo
Waste Management Stocks Q1 In Review: Waste Connections (NYSE:WCN) Vs Peers
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at waste management stocks, starting with Waste Connections (NYSE:WCN). Waste management companies can possess licenses permitting them to handle hazardous materials. Furthermore, many services are performed through contracts and statutorily mandated, non-discretionary, or recurring, leading to more predictable revenue streams. However, regulation can be a headwind, rendering existing services obsolete or forcing companies to invest precious capital to comply with new, more environmentally-friendly rules. Lastly, waste management companies are at the whim of economic cycles. Interest rates, for example, can greatly impact industrial production or commercial projects that create waste and byproducts. The 9 waste management stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1%. Thankfully, share prices of the companies have been resilient as they are up 9.8% on average since the latest earnings results. Operating a network of municipal solid waste landfills in the U.S. and Canada, Waste Connections (NYSE:WCN) is North America's third-largest waste management company providing collection, disposal, and recycling services. Waste Connections reported revenues of $2.23 billion, up 7.5% year on year. This print was in line with analysts' expectations, and overall, it was a very strong quarter for the company with a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' adjusted operating income estimates. Unsurprisingly, the stock is down 7.5% since reporting and currently trades at $180.73. Is now the time to buy Waste Connections? Access our full analysis of the earnings results here, it's free. Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Montrose reported revenues of $177.8 million, up 14.5% year on year, outperforming analysts' expectations by 6%. The business had a stunning quarter with a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' EPS estimates. Montrose delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 48.8% since reporting. It currently trades at $22.31. Is now the time to buy Montrose? Access our full analysis of the earnings results here, it's free. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Perma-Fix reported revenues of $13.92 million, up 2.2% year on year, falling short of analysts' expectations by 9%. It was a disappointing quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. Perma-Fix delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 25.1% since the results and currently trades at $11.07. Read our full analysis of Perma-Fix's results here. Starting with the founder picking up garbage with a pickup truck he purchased using savings from high school, Casella (NASDAQ:CWST) offers waste management services for businesses, residents, and the government. Casella Waste Systems reported revenues of $417.1 million, up 22.3% year on year. This result beat analysts' expectations by 3.1%. Aside from that, it was a mixed quarter as it also recorded an impressive beat of analysts' EPS estimates but a significant miss of analysts' adjusted operating income estimates. Casella Waste Systems pulled off the fastest revenue growth but had the weakest full-year guidance update among its peers. The stock is down 3.2% since reporting and currently trades at $113.35. Read our full, actionable report on Casella Waste Systems here, it's free. Recycling corporate waste to help companies be more sustainable, Quest Resource (NASDAQ:QRHC) is a provider of waste and recycling services. Quest Resource reported revenues of $68.43 million, down 5.8% year on year. This print missed analysts' expectations by 5%. Overall, it was a slower quarter as it also logged a significant miss of analysts' EPS estimates. The stock is down 12.2% since reporting and currently trades at $2.22. Read our full, actionable report on Quest Resource here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
