secwatch.observer — SEC 8-K summary
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Issuer:     Waste Connections, Inc. (WCN)
CIK:        0001318220
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001558370-23-012910
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318220/000155837023012910/0001558370-23-012910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318220/000155837023012910/wcn-20230802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012910

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