---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012910"
form_type: "8-K"
ticker: "WCN"
cik: "0001318220"
company_name: "Waste Connections, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:09:36.918913+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Waste Connections Q2 beat: revenue $2.021B, adj. EBITDA $628.9M; raises FY margin to 31.5%

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-012910
- form_type: 8-K
- ticker: WCN
- cik: 0001318220
- company_name: Waste Connections, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318220/000155837023012910/0001558370-23-012910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318220/000155837023012910/wcn-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012910
- JSON: https://secwatch.observer/filing/0001558370-23-012910.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012910.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318220/000155837023012910/0001558370-23-012910-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318220/000155837023012910/0001558370-23-012910-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.