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Jun 30, 2021
Waste Connections Q2 2021 Earnings Report
Waste Connections reported Q2 2021 results, driven by solid waste pricing and volume growth, as well as strength in recovered commodity values. The company raised its full year outlook.
Key Takeaways
Waste Connections reported a strong second quarter, exceeding expectations across the board. Revenue increased by 17.5% year-over-year to $1.534 billion, driven by continued improvement in solid waste pricing and volume growth, and strength in recovered commodity values. Net income was $177.0 million, or $0.68 per share, while adjusted EBITDA reached $484.9 million, or 31.6% of revenue.
Revenue increased 17.5% year over year to $1.534 billion.
Solid waste price + volume growth reported at 11.4%, exceeding outlook.
Net income was $177.0 million, or $0.68 per share.
Adjusted EBITDA reached $484.9 million, or 31.6% of revenue, exceeding outlook.
Revenue by Segment
Forward Guidance
Waste Connections provided its full year 2021 outlook for revenue of approximately $5.975 billion, net income of approximately $690 million, adjusted EBITDA of approximately $1.875 billion, net cash provided by operating activities of approximately $1.666 billion, and adjusted free cash flow of approximately $1 billion.
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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