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Dec 31, 2022
Waste Connections Q4 2022 Earnings Report
Waste Connections' Q4 2022 results were driven by price-led organic growth and acquisition activity, exceeding expectations and setting a higher entry point for 2023.
Key Takeaways
Waste Connections reported Q4 2022 revenue of $1.869 billion, net income of $194.4 million, and adjusted EBITDA of $563.6 million. The company's performance was driven by strong operational execution and solid waste pricing, along with acquisitions.
Revenue reached $1.869 billion, exceeding expectations.
Net income was reported at $194.4 million, or $0.75 per share.
Adjusted EBITDA amounted to $563.6 million, representing 30.2% of revenue.
Strong pricing and acquisition growth drove the results above expectations.
Completed acquisitions with approximately $640 million of total annualized revenue in 2022
Revenue by Segment
Forward Guidance
Waste Connections anticipates strong pricing and acquisition growth to drive double-digit percentage increase in revenue, and adjusted EBITDA margin expansion in 2023.
Positive Outlook
- Revenue of approximately $8.05 billion, up 11.6%
- Net income of approximately $961 million
- Adjusted EBITDA of approximately $2.50 billion, or about 31.1% of revenue
- Strong pricing and acquisition growth
- Additional acquisitions, increases in recycled commodities and renewable fuels values, or reduction of inflationary pressures to provide upside to 2023 outlook
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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