Waste Connections Q2 2022 Earnings Report
Key Takeaways
Waste Connections reported strong Q2 2022 results, driven by accelerating solid waste pricing growth and E&P waste activity. Revenue increased by 18.4% to $1.816 billion, and net income was $224.1 million, or $0.87 per share. The company raised its full year 2022 outlook, expecting revenue of approximately $7.125 billion and adjusted free cash flow of approximately $1.160 billion.
Revenue of $1.816 billion, up 18.4% year-over-year.
Net income of $224.1 million, or $0.87 per share.
Adjusted EBITDA of $566.8 million, up 16.9% year-over-year.
Solid waste pricing growth of 8.8%.
Waste Connections
Waste Connections
Waste Connections Revenue by Segment
Forward Guidance
Waste Connections updated its outlook for 2022, expecting revenue of approximately $7.125 billion, adjusted EBITDA of approximately $2.190 billion, and adjusted free cash flow of approximately $1.160 billion.
Positive Outlook
- Revenue is expected to be approximately $7.125 billion.
- Adjusted EBITDA is expected to be approximately $2.190 billion.
- Adjusted free cash flow is expected to be approximately $1.160 billion.
- Depreciation and Depletion is expected to be approximately 10.6% of revenue.
- Effective tax rate of approximately 21.8%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income