earnings
confidence high
sentiment neutral
materiality 0.80
Waste Connections Q3 rev $2.07B (+9.8%); adj EBITDA margin 32.5%; warns of up to $20M Q4 headwinds from landfills
Waste Connections, Inc.
2023-Q3 EPS reported
$2.46
revenue$5,986,342,000
- Revenue $2.065B (+9.8% YoY); net income $229.0M ($0.89 EPS); adj. net income $1.17/share.
- Adj. EBITDA $671.2M (+14.1% YoY); margin 32.5% (up 120 bps YoY, 140 bps sequentially).
- YTD net cash from ops $1.571B; adj. free cash flow $969.3M.
- Acquisitions: ~$250M in annualized revs signed/closed in 2023; ~2% rollover contribution in 2024.
- Q4 outlook: potential up to $20M impact to rev, adj. EBITDA, and adj. FCF from landfill issues in CA and TX.