other
confidence high
sentiment neutral
materiality 0.60
Waste Connections provides Q1 2023 revenue guidance of ~$1.895B and adjusted EBITDA ~$568M
Waste Connections, Inc.
- Q1 2023 revenue estimated at ~$1.895B; price plus volume growth for solid waste of 10.5% on pricing of ~11.5%.
- Net income attributable to Waste Connections estimated at ~$192.5M; adjusted EBITDA ~$568M (30.0% of revenue).
- Full-year pricing expected at ~9.5%, essentially all core; volumes flat to down 1% assuming no economic change.
- Effective tax rate ~22.0%; D&A ~11.2% of revenue; amortization ~2.0% of revenue.
- Outlook excludes impact from future acquisitions and assumes no change in current economic environment.