Waste Connections Q2 2021 Earnings Report
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.
Waste Connections
Waste Connections
Waste Connections 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