Waste Connections Reports First Quarter 2021 Results
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Waste Connections (WCN) Tops Q1 EPS by 4c, Revenues Beat
April 28, 2021 4:09 PM EDTWaste Connections (NYSE: WCN) reported Q1 EPS of $0.70, $0.04 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.37 billion.
Strong solid waste pricing growth, accelerating solid waste volumes and increased resource recovery values drive better than expected Q1 results, an expected 10% solid waste price plus volume growth in Q2, and improving outlook for 2021Revenue of $1.396 billion, exceeding outlookNet income(a) of $160.3 million, and adjusted EBITDA(b) of $433.2 million, or 31.0% of revenue, exceeding outlook and up 80 basis points year over yearNet... More