Waste Connections Q1 2021 Earnings Report
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.
Waste Connections
Waste Connections
Waste Connections 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