Waste Connections (WCN) Tops Q3 EPS by 3c, Beats on Revenues
Waste Connections (NYSE: WCN) reported Q3 EPS of $0.60, $0.03 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.19 billion.
- Revenue of $1.206 billion, exceeding outlook
- Reports 3.8% solid waste price + volume growth, exceeding outlook
- Net income attributable to Waste Connections of $123.2 million, or $0.47 per share
- Adjusted net income attributable to Waste Connections* of $158.1 million, or $0.60 per share, up 25%
- Adjusted EBITDA* of $393.4 million, or 32.6% of revenue, up 100 basis points
- YTD net cash provided by operating activities of $888.4 million
- YTD adjusted free cash flow* of $614.0 million, or 17.7% of revenue
- Increases regular quarterly cash dividend by 16.7%
For earnings history and earnings-related data on Waste Connections (WCN) click here.
