Waste Connections (WCN) Tops Q2 EPS by 5c, Revenues In-Line; Offers FY20 Revenue Outlook
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Waste Connections Reports Second Quarter 2020 Results and Provides 2020 Outlook
August 6, 2020 4:05 PM EDT-Â Revenue of $1.306 billion, exceeding preliminary expectations
-Â Incurs $417.4 million non-cash impairment charge for certain E&P waste assets
-Â Net loss attributable to Waste Connections of $227.1 million, or $0.86 per share
-Â Adjusted net income attributable to Waste Connections* of $158.0 million, or $0.60 per share
-Â Adjusted EBITDA* of $394.3 million, or 30.2% of revenue, exceeding preliminary expectations
-Â YTD net cash provided by operating activities of $753.2 million
-Â YTD adjusted free cash flow* of $494.6 million, or 18.6% of revenue
-Â Signs or closes acquisitions YTD with approximately $100 million total... More
