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Sep 30, 2024
Waste Connections Q3 2024 Earnings Report
Waste Connections' Q3 2024 performance was marked by strong operating and financial results, leading to an increased full-year outlook.
Key Takeaways
Waste Connections reported strong Q3 2024 results, with revenue up 13.3% year-over-year to $2.338 billion and net income of $308.0 million. The company raised its full-year 2024 outlook, expecting revenue of $8.9 billion and adjusted EBITDA of $2.91 billion.
Revenue reached $2.338 billion, a 13.3% increase year-over-year.
Net income was reported at $308.0 million.
Adjusted EBITDA increased by 17.3% year-over-year to $787.4 million.
The company increased its full year 2024 outlook to $8.9 billion of revenue.
Waste Connections
Waste Connections
Waste Connections Revenue by Segment
Revenue by Segment
Solid Waste Disposal & Transfer Revenue
CapyFin.comSolid Waste Recycling Revenue
CapyFin.comE&P Waste Treatment Revenue
CapyFin.comIntermodal & Other Revenue
CapyFin.com Forward Guidance
Waste Connections updated its outlook for 2024, expecting revenue of $8.9 billion and adjusted EBITDA of $2.91 billion.
Positive Outlook
- Net income attributable to Waste Connections $1,082,000
- Income tax provision 313,518
- Interest expense, net 317,000
- Depreciation and Depletion 958,000
- Amortization 185,000
Challenges Ahead
- Capital expenditures for property and equipment (1,150,000)
- Tax effect (12,556)
- Net loss attributable to noncontrolling interests (a) (1,003)
- Other income, net (a) (12,727)
- Change in book overdraft (a) (287)
Revenue & Expenses
Visualization of income flow from segment revenue to net income