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Jun 30, 2024
Waste Connections Q2 2024 Earnings Report
Waste Connections' Q2 2024 performance was driven by solid execution, acquisitions, and increased commodity values, leading to a quarterly beat and raised full-year outlook.
Key Takeaways
Waste Connections reported strong Q2 2024 results, exceeding expectations with revenue of $2.248 billion, a 11.2% increase year-over-year. Adjusted EBITDA increased by 16.4% to $731.8 million. The company raised its full-year outlook, expecting revenue of approximately $8.850 billion and adjusted EBITDA of approximately $2.900 billion.
Revenue reached $2.248 billion, surpassing expectations with an 11.2% year-over-year increase.
Net income was $275.5 million, or $1.07 per share, while adjusted EBITDA reached $731.8 million, a 16.4% increase.
Adjusted EBITDA margin improved to 32.6% of revenue, exceeding expectations with a 150 basis points increase.
The company updated its full-year 2024 outlook, projecting net income of approximately $1.087 billion and adjusted EBITDA of approximately $2.900 billion.
Revenue by Segment
Forward Guidance
Waste Connections updated its outlook for 2024, projecting revenue of approximately $8.850 billion and adjusted EBITDA of approximately $2.900 billion, or 32.8% adjusted EBITDA margin.
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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