8-K
filed August 2, 2023, 7:59 PM ET
ticker WCN
CIK 0001318220
earnings
confidence high
sentiment positive
materiality 0.85
Waste Connections Q2 beat: revenue $2.021B, adj. EBITDA $628.9M; raises FY margin to 31.5%
Waste Connections, Inc.
2023-Q2 EPS reported
$1.58
revenue$3,921,598,000
- Revenue $2.021B (+11.3% YoY), above outlook; net income $209.2M ($0.81 diluted), adjusted EPS $1.02.
- Adjusted EBITDA $628.9M (31.1% margin, 30bps above outlook); core solid waste pricing +9.8% drove underlying margin expansion.
- FY2023 adjusted EBITDA outlook raised to ~$2.525B (31.5% margin, up from 31.1%); revenue ~$8.025B, net income ~$931M.
- Year to date acquisitions with >$160M annualized revenue closed, including Arrowhead (largest NE waste-to-rail network).
- Organizational realignment adds sixth region; Q2 included $27.8M executive separation costs and other items.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Waste Connections, Inc. reported Full Year 2023 results: revenue $8.025 billion, net income $931.0 million. Guidance raised.
- Period
- Full Year 2023
- Revenue
- $8.025 billion
- Net income
- $931.0 million
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Updates full year 2023 outlook to net income of approximately $931 million, increasing adjusted EBITDA (b) to approximately $2.525 billion or 31.5% on revenue of approximately $8.025 billion
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Waste Connections, Inc. reported Second Quarter 2023 results: revenue $2.021 billion, net income $209.2 million, EPS $0.81.
- Period
- Second Quarter 2023
- Revenue
- $2.021 billion
- Net income
- $209.2 million
- EPS
- $0.81
- Result
- reported results
Exact text from the filing
Revenue of $2.021 billion, above outlook and up 11.3% year over year - Net income (a) of $209.2 million, and adjusted EBITDA (b) of $628.9 million, above outlook - Adjusted EBITDA (b) margin of 31.1% of revenue, 30bps above outlook - Net income of $0.81 per share, and adjusted net income (b) of $1.02 per share
View on SEC.gov
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