Waste Connections Q3 2021 Earnings Report
Key Takeaways
Waste Connections reported a revenue of $1.597 billion, up 14.9% year over year. Net income was $114.4 million, or $0.44 per share, while adjusted EBITDA reached $505.6 million, representing 31.7% of revenue. The company also raised its full year outlook for revenue, net income, adjusted EBITDA, net cash from operating activities and adjusted free cash flow.
Revenue of $1.597 billion, up 14.9% year over year, exceeding outlook.
Reports organic growth of 11.3%, including 7.3% solid waste price + volume growth, exceeding outlook.
Net income of $114.4 million, and adjusted EBITDA of $505.6 million, or 31.7% of revenue.
Year to date closed acquisitions of approximately $240 million in annualized revenues.
Waste Connections
Waste Connections
Waste Connections Revenue by Segment
Forward Guidance
Waste Connections provided full year 2021 revenue outlook of approximately $6.110 billion, net income of approximately $633 million, adjusted EBITDA of approximately $1.910 billion, net cash from operating activities of approximately $1.689 billion and adjusted free cash flow of approximately $1.025 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income