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Jun 30, 2023
Waste Connections Q2 2023 Earnings Report
Waste Connections' Q2 2023 earnings surpassed expectations due to solid execution and strategic acquisitions, leading to an increased full-year outlook.
Key Takeaways
Waste Connections reported a strong second quarter in 2023, exceeding expectations for revenue and adjusted EBITDA. The company raised its full-year outlook, driven by solid waste core pricing growth and strategic acquisitions.
Revenue reached $2.021 billion, an 11.3% increase year-over-year.
Net income was reported at $209.2 million, or $0.81 per share.
Adjusted EBITDA stood at $628.9 million, with a margin of 31.1%.
The full year outlook was updated to net income of approximately $931 million and adjusted EBITDA of approximately $2.525 billion.
Revenue by Segment
Forward Guidance
Waste Connections updated its full year 2023 outlook, anticipating a net income of approximately $931 million and an adjusted EBITDA of approximately $2.525 billion, or 31.5% on revenue of approximately $8.025 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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