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Mar 31, 2024
Waste Connections Q1 2024 Earnings Report
Waste Connections reported strong Q1 2024 results, driven by price-led organic growth in solid waste and acquisition activity.
Key Takeaways
Waste Connections announced its Q1 2024 results, demonstrating a strong start to the year. Revenue reached $2.073 billion, up 9.1% year over year, and net income was $230.1 million, or $0.89 per share. Adjusted EBITDA was $650.7 million, representing a 14.8% increase year over year, with an adjusted EBITDA margin of 31.4%. The company's performance exceeded expectations, supported by improving operating trends and continued acquisition activity.
Revenue of $2.073 billion, above outlook and up 9.1% year over year
Net income of $230.1 million and adjusted EBITDA of $650.7 million, above outlook and up 14.8% year over year
Adjusted EBITDA margin of 31.4%, above outlook and up 160 basis points year over year
Net income and adjusted net income of $0.89 and $1.04 per share, respectively
Revenue by Segment
Forward Guidance
Waste Connections will be filing a Form 8-K on EDGAR and on SEDAR (as an "Other" document) prior to markets opening on April 25th, providing the Company's second quarter 2024 outlook for revenue, price plus volume growth for solid waste, and adjusted EBITDA(b).
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
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