Waste Connections (WCN) Reports In-Line Q2 EPS, beats revenue, provides outlook
Waste Connections (NYSE: WCN) reported Q2 EPS of $1.02, in-line with the analyst estimate of $1.02. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $2.01 billion.
Outlook:
Revenue is estimated to be approximately $8.025 billion, down $25 million from our original outlook to reflect a reduction in fuel and material surcharges of $35 million as a result of lower fuel costs.
Net income is estimated to be approximately $931.0 million, and adjusted EBITDA(b) is estimated to be approximately $2.525 billion, or about 31.5% of revenue, as compared to our original outlook for adjusted EBITDA(b) of $2.500 billion or 31.1% of revenue.
Capital expenditures are estimated to be approximately $950 million, up $25 million from our original outlook.
Net cash provided by operating activities is estimated to be approximately $2.141 billion, and adjusted free cash flow(b) is estimated to be approximately $1.225 billion, or about 15.3% of revenue.
For earnings history and earnings-related data on Waste Connections (WCN) click here.
