Waste Connections Reports Second Quarter 2020 Results and Provides 2020 Outlook
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Waste Connections (WCN) Tops Q2 EPS by 5c, Revenues In-Line; Offers FY20 Revenue Outlook
August 6, 2020 4:14 PM EDTWaste Connections (NYSE: WCN) reported Q2 EPS of $0.60, $0.05 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.3 billion.
Revenue of $1.306 billion, exceeding preliminary expectationsIncurs $417.4 million non-cash impairment charge for certain E&P waste assetsNet loss attributable to Waste Connections of $227.1 million, or $0.86 per shareAdjusted net income attributable to Waste Connections* of $158.0 million, or $0.60 per shareAdjusted EBITDA* of $394.3 million, or 30.2% of revenue, exceeding preliminary expectationsYTD net cash provided by operating activities of $753.2 millionYTD adjusted free cash flow* of $494.6... More