secwatch.observer — SEC 8-K summary
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Issuer:     Waste Connections, Inc. (WCN)
CIK:        0001318220
Form:       8-K
Filed at:   2026-10-21T20:08:48+00:00
Accession:  0001104659-26-117838
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Waste Connections Q3 revenue $2.638B, adjusted EPS $1.58; raises 2026 outlook and lifts dividend 10%
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- Q3 revenue $2.638B vs $2.458B a year ago; net income $359.2M, or $1.43 per diluted share; adjusted EPS $1.58 vs $1.44.
- Adjusted EBITDA $895.8M, 34.0% of revenue, up from $830.3M; operating income $541.7M; 50 bps underlying margin expansion despite late-quarter diesel surge.
- Second raise to 2026 outlook: revenue ~$10.09B, net income ~$1.18B, adjusted EBITDA ~$3.345B, capex ~$1.25B, adjusted free cash flow $1.40-$1.45B.
- Quarterly cash dividend raised 10%, the 16th consecutive double-digit annual increase; YTD share repurchases top $1B, about 2.5% of shares outstanding.
- YTD closed acquisitions of ~$130M annualized revenue; solid waste unit volumes improved 70 bps sequentially, led by higher landfill volumes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318220/000110465926117838/0001104659-26-117838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318220/000110465926117838/wcn-20261021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-117838

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