Loading...
•
Mar 31, 2021
Waste Connections Q1 2021 Earnings Report
Reported strong first quarter results driven by solid waste pricing growth, accelerating solid waste volumes, and increased resource recovery values.
Key Takeaways
Waste Connections reported a strong first quarter in 2021, exceeding revenue and adjusted EBITDA outlook. Revenue reached $1.396 billion, and adjusted EBITDA was $433.2 million, representing 31.0% of revenue. Net income was $160.3 million, or $0.61 per share, while adjusted net income was $0.70 per share. Adjusted free cash flow was $289.8 million, or 20.8% of revenue.
Revenue of $1.396 billion, exceeding outlook.
Net income of $160.3 million, and adjusted EBITDA of $433.2 million, or 31.0% of revenue, exceeding outlook.
Adjusted EBITDA margin in Q1 was 31.0%, up 80 basis points year over year.
Adjusted free cash flow was $289.8 million, or 20.8% of revenue.
Revenue by Segment
Forward Guidance
The company expects double-digit solid waste price plus volume growth in the second quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...