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Dec 31, 2024
Waste Connections Q4 2024 Earnings Report
Key Takeaways
Waste Connections reported strong revenue growth of 11.02% YoY in Q4 2024, reaching $2.26 billion. However, the company faced an operating loss of $199.19 million due to $601.57 million in impairments related to landfill closures. Adjusted EBITDA increased to $731.95 million, showing solid operational performance.
Waste Connections
Waste Connections
Waste Connections Revenue by Segment
Revenue by Segment
Solid Waste Collection Revenue
CapyFin.comSolid 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 expects revenue between $9.45B and $9.60B in 2025, with an adjusted EBITDA margin expansion up to 33.3%. The company anticipates higher free cash flow and continued acquisition-driven growth.
Positive Outlook
- Revenue expected to grow up to 9.60B in 2025
- Adjusted EBITDA margin projected to expand up to 33.3%
- Continued acquisitions expected to drive growth
- Improving commodity-driven revenues
- Strong balance sheet with leverage below 2.7x
Challenges Ahead
- Impairments and landfill closures could impact profitability
- Volume declines in solid waste internal growth
- Higher capital expenditures planned, impacting short-term cash flow
- Potential fluctuations in recycling revenue
- Macroeconomic uncertainties affecting demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income