WCN Stock Recent News

Hold rating recommended for Waste Connections stock due to near-term upsides already priced in. Positive outlook on high-single-digit topline growth and EBITDA margin expansion. Execution on labour management has been very positive so far, and this should easily drive another 100bps of margin expansion.

Waste Connections (WCN) records improved segmental performances in the second quarter of 2024.

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TORONTO , July 29, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that, on July 23, 2024, its Board of Directors (the "Board"), upon the recommendation of its Nominating and Corporate Governance Committee, appointed Cherylyn Harley LeBon to the Board and its Compensation Committee effective August 1, 2024. Ms. LeBon will fill the vacancy on the Board created by the resignation of Larry S.

While the top- and bottom-line numbers for Waste Connections (WCN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Waste Connections (WCN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.02 per share a year ago.

Continued momentum from solid execution, along with outsized acquisition activity, drives quarterly beat and increase to full year outlook Revenue of $2.248 billion, above outlook and up 11.2% year over year Net income(a) of $275.5 million, and adjusted EBITDA(b) of $731.8 million, above outlook and up 16.4% Adjusted EBITDA(b) margin of 32.6% of revenue, above outlook and up 150 basis points Net income of $1.07 per share, and adjusted net income(b) of $1.24 per share Year to date net cash provided by operating activities of $1.102 billion and adjusted free cash flow(b) of $727.4 million, or 16.8% of revenue Year to date signed and closed acquisitions with over $650 million of total annualized revenue Updates full year 2024 outlook to net income of approximately $1.087 billion, increasing adjusted EBITDA(b) to approximately $2.900 billion or 32.8% on revenue of approximately $8.850 billion TORONTO , July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connection

TORONTO , July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.285 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on August 22, 2024 to shareholders of record at the close of business on August 7, 2024.

Waste Connections (WCN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Waste Connections has a strong history of M&A and financial performance, with potential for margin improvement and ongoing growth opportunities. The company outperforms peers in the waste management industry, with consistent revenue and EBITDA growth, best-in-class EBITDA margins, and a strong return on equity. Q1'24 results showed revenue and adjusted EBITDA beats, with a focus on acquisitions, labor improvements, and the potential for increased M&A activity in 2024.