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Dec 31, 2023
Waste Connections Q4 2023 Earnings Report
Waste Connections reported Q4 2023 results, demonstrating revenue growth and margin expansion.
Key Takeaways
Waste Connections reported an 8.9% increase in revenue to $2.036 billion for Q4 2023. Net income was $126.8 million, and adjusted EBITDA increased by 16.4% to $656.0 million. The adjusted EBITDA margin improved by 200 basis points to 32.2%.
Revenue increased by 8.9% year over year, reaching $2.036 billion.
Net income was reported at $126.8 million.
Adjusted EBITDA increased by 16.4% year over year to $656.0 million.
Adjusted EBITDA margin expanded by 200 basis points to 32.2%.
Waste Connections
Waste Connections
Waste Connections Revenue by Segment
Revenue by Segment
Intermodal & Other Revenue
CapyFin.com Forward Guidance
Waste Connections anticipates adjusted EBITDA growth of over 13% and adjusted EBITDA margin expansion of 120 basis points in 2024. They expect a revenue contribution of approximately 4% from acquisitions already completed.
Positive Outlook
- Anticipates adjusted EBITDA growth of over 13%.
- Expects adjusted EBITDA margin expansion of 120 basis points, reaching 32.7%.
- Projects a revenue contribution of approximately 4% from completed acquisitions.
- Potential upside from additional acquisitions.
- Possible increases in recovered commodity values or reduction of inflationary pressures.
Challenges Ahead
- Outlook assumes no change in the current economic environment.
- Outlook excludes impact from additional acquisitions that may close during the year.
- Outlook excludes expensing of transaction-related items.
- Actual results may differ materially depending on risks and uncertainties.
- Risk factors detailed in the company's filings with the SEC and Canadian securities commissions.