Waste Connections (WCN) Prelim. Q4 EPS Light of Expectations

Waste Connections, Inc. (NYSE: WCN), in conjunction with its announcement today of an agreement to combine with Progressive Waste Solutions Ltd., announced preliminary results for the fourth quarter of 2015.

The Company expects to report the following preliminary results for the fourth quarter:

- Total revenue of $531.9 million, with combined solid waste price and volume growth of 4.8%; (The Street was looking for $521 million.)

- Adjusted EBITDA* of $175.6 million, or 33.0% of revenue; and

- GAAP EPS of $0.42 and adjusted EPS* of $0.48. (The Street sees $0.47.)

The Company expects to announce its comprehensive financial results for the fourth quarter of 2015 after the close of the stock market on February 8, 2016.

* A non-GAAP financial measure; see accompanying Non-GAAP Reconciliation Schedule

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