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Sep 30, 2020
Waste Connections Q3 2020 Earnings Report
Waste Connections' Q3 2020 results were announced, revealing revenue of $1.390 billion and adjusted EPS of $0.72, exceeding expectations.
Key Takeaways
Waste Connections reported Q3 2020 results with revenue of $1.390 billion, net income of $158.0 million, and adjusted EPS of $0.72. The company saw sequential improvement in solid waste volumes and increased recovered commodity values. They are also on track for above average acquisition activity.
Revenue of $1.390 billion exceeded outlook.
Net income attributable to Waste Connections was $158.0 million, or $0.60 per share.
Adjusted net income attributable to Waste Connections was $188.6 million, or $0.72 per share.
Adjusted EBITDA was $432.6 million, or 31.1% of revenue, exceeding outlook.
Waste Connections
Waste Connections
Forward Guidance
Waste Connections anticipates emerging from the challenging period better positioned financially and operationally.
Positive Outlook
- Expect to be better positioned financially.
- Tremendous flexibility with respect to capital allocation.
- Higher operating leverage in solid waste.
- Safety-related incidents achieving multi-year lows.
- Voluntary turnover levels already achieving multi-year lows.