earnings
confidence high
sentiment positive
materiality 0.85
Waste Connections Q2 revenue $2.407B (+7.1%), adj. EPS $1.29; maintains 2025 outlook
Waste Connections, Inc.
2025-Q2 EPS reported
$2.05
revenue$4,635,231,000
- Q2 revenue $2.407B (above expectations, +7.1% YoY); net income $290.3M ($1.12 diluted EPS).
- Adjusted net income $333.1M ($1.29 diluted EPS); adjusted EBITDA $786.4M (7.5% YoY growth).
- Solid waste core pricing growth of 6.6% drove ~70bps underlying margin expansion.
- Year-to-date acquisition activity ~$200M annualized revenue; pipeline robust, share repurchases underway.
- Full-year 2025 outlook maintained: revenue ~$9.45B, adj. EBITDA ~$3.12B (33.0% margin), adj. FCF ~$1.30B.