Waste Connections (NYSE: WCN) reported Q3 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.27 billion.

• - Revenue of $1.281 billion, exceeding outlook
• - Reports 4.5% solid waste price growth
• - Net income attributable to Waste Connections of $150.8 million, or $0.57 per share
• - Adjusted net income attributable to Waste Connections* of $181.9 million, or $0.69 per share, up 15.0%
• - Adjusted EBITDA* of $416.8 million, or 32.5% of revenue
• - YTD net cash provided by operating activities of $1.038 billion
• - YTD adjusted free cash flow* of $675.7 million, or 18.5% of revenue
• - Signs acquisition with approximately $175 million in annualized revenues
• - Increases regular quarterly cash dividend by 14.3%

"Waste revenue, and 57.8% of adjusted EBITDA*," said Ronald J. Mittelstaedt, Chairman and Chief Executive Officer. "Our third quarter performance puts us firmly on track to meet or exceed the increased expectations for the full year we communicated in July."

Mr. Mittelstaedt added, "The pace of acquisition activity remains elevated, as we recently signed our largest deal year to date, a multi-market collection company with annualized revenue of approximately $175 million, with operations in three states, including two new markets. This acquisition, which is expected to close by year end, along with deals already closed, is expected to bring total acquired annualized revenues to approximately $360 million in 2018. Rollover contribution from these acquisitions plus price-led organic growth already position us for between 8% and 10% revenue growth and continued margin expansion in 2019, with any additional transactions providing further growth. Moreover, we announced another double-digit percentage increase in the quarterly cash dividend, once again demonstrating that we remain well-positioned to increase our return of capital to shareholders while continuing to fund above average acquisition activity."

For earnings history and earnings-related data on Waste Connections (WCN) click here.