Waste Connections Q1 revenue $2.073B (+9.1% YoY), adjusted EBITDA margin 31.4%, above outlook

Waste Connections, Inc.

2024-Q1 EPS reported $0.89 revenue$2,072,653,000

Revenue $2.073B (vs $1.901B YoY); net income $230.1M ($0.89 diluted EPS), adjusted EPS $1.04.
Adjusted EBITDA $650.7M (+14.8% YoY), margin 31.4% (+160 bps YoY), above outlook; on track to exceed full-year target of 32.7%.
Year-to-date acquired annualized revenue >$375M, including Secure Energy deal in Feb and ~$150M in solid waste acquisitions.
Net cash from operations $490.3M; adjusted free cash flow $324.8M.
Management cites improving employee retention, safety trends (incidents at 3-yr lows), and rising commodity values.

item 2.02 item 7.01 item 9.01

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 first quarter of 2024 results: revenue $2.073 billion, net income $230.1 million, EPS $0.89 per share on a diluted basis.

Period: first quarter of 2024
Revenue: $2.073 billion
Net income: $230.1 million
EPS: $0.89 per share on a diluted basis
Result: reported results

Exact text from the filing

FIRST QUARTER 2024 RESULTS - Strong start to 2024 on price-led organic growth in solid waste, improving operating trends and continued acquisition activity - Revenue of $2.073 billion, above outlook and up 9.1% year over year - Net income (a) of $230.1 million and adjusted EBITDA (b) of $650.7 million, above outlook and up 14.8% year over year - Adjusted

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Source: SEC EDGAR

accession 0001558370-24-005585

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