Waste Connection - WCN STOCK NEWS

Waste Connections (WCN) reported strong Q1 2025 financial results, exceeding expectations with revenue of $2.228 billion, up 7.5% year-over-year. The company achieved net income of $241.5 million and adjusted EBITDA of $712.2 million, up 9.5% from the previous year.

Key highlights include core solid waste pricing growth of 6.9%, adjusted EBITDA margin improvement to 32.0% (up 60 basis points), and earnings per share of $0.93 (net income) and $1.13 (adjusted). The company generated strong cash flow with $541.5 million in net cash from operations and $332.1 million in adjusted free cash flow.

Notable achievements include continued acquisition activity with year-to-date acquired annualized revenue exceeding $125 million, including a state-of-the-art recycling facility in New Jersey. The company also reported improved employee retention for the tenth consecutive quarter and record safety performance.

Waste Connections (TSX/NYSE: WCN) has announced it will release its first quarter 2025 financial results after market close on April 23, 2025. The company will host an investor conference call on April 24th at 8:30 A.M. Eastern Time.

Investors can access the live audio webcast through the company's investor website. A replay will be available until May 1, 2025. WCN is an integrated solid waste services company operating across 46 U.S. states and 6 Canadian provinces, serving approximately nine million customers. The company provides non-hazardous waste collection, transfer, disposal, and resource recovery services, including recycling and renewable fuels generation.

Waste Connections (WCN) reported strong Q4 and full-year 2024 results, with full-year revenue reaching $8.920 billion, up 11.2% year-over-year. The company achieved net income of $617.6 million and adjusted EBITDA of $2.902 billion, representing a 32.5% margin.

For 2025, WCN provided guidance including revenue between $9.45-$9.60 billion, net income of $1.186-$1.224 billion, and adjusted EBITDA margin expansion of up to 80 basis points to 33.3%. The company expects adjusted free cash flow between $1.300-$1.350 billion.

Notable achievements in 2024 included record private company acquisitions totaling approximately $750 million in annualized revenue and significant improvements in employee retention, with turnover down over 1,000 basis points from 2022. The company maintains a strong balance sheet with year-end leverage below 2.7 times, providing flexibility for future acquisitions and sustainability investments.

Waste Connections (WCN) has declared a regular quarterly cash dividend of $0.315 USD per common share, payable on March 13, 2025, to shareholders of record as of February 27, 2025. The Board plans to review the dividend each October, aiming to increase the amount long-term.

Payment currency details vary by shareholder type: U.S. DTC participants receive USD; Canadian CDS participants receive CAD (converted at Bank of Canada's February 27, 2025 rate); Computershare direct registration holders receive CAD if Canadian residents and USD if non-Canadian residents.

The company serves approximately nine million customers across 46 U.S. states and six Canadian provinces, providing waste collection, transfer, disposal, and recycling services.

Waste Connections (TSX/NYSE: WCN) has announced it will release its fourth quarter 2024 financial results and 2025 outlook after market close on February 12, 2025. The company will host an investor conference call on February 13th at 8:30 A.M. Eastern Time.

The company operates as an integrated solid waste services provider, serving approximately nine million customers across 46 U.S. states and six Canadian provinces. Their services include non-hazardous waste collection, transfer, disposal, recycling, and renewable fuels generation. They also provide oilfield waste treatment and intermodal services in specific regions.

Interested parties can access the conference call via webcast at investors.wasteconnections.com or through pre-registration. A replay will be available until February 20, 2025.

AMP Robotics Corp. has raised $91 million in a Series D funding round led by Congruent Ventures, with participation from notable investors like Sequoia Capital, XN, Blue Earth Capital, and others. The funds will accelerate the deployment of AMP's AI-powered AMP ONE™ systems, designed to sort municipal solid waste (MSW) and single-stream recycling efficiently. AMP recently partnered with Waste Connections (NYSE: WCN) to equip and operate a recycling facility in Colorado. The company's AI-driven technology aims to improve recycling rates, lower sortation costs, and extend landfill life by capturing more material value. AMP's deep learning software processes millions of material images to identify recyclables and contaminants in real-time, enabling innovative recycling capabilities. The company has also expanded its leadership team, with Tim Stuart as CEO and Matanya Horowitz as CTO.

Waste Connections (WCN) has partnered with AMP Robotics to establish an AI-powered recycling facility in Commerce City, Colorado, set to launch in early 2026. The facility will feature AMP ONE™ system and AMP Smart Sortation™ technology, capable of processing up to 62,000 tons of single-stream recycling annually. The system will operate on a pay-per-ton contract basis, offering automated sorting, targeted commodity extraction, and custom feedstock blends. This partnership expands on their existing collaboration, which includes the deployment of over 50 AI-guided robotics systems across Waste Connections' facilities.

Waste Connections (WCN) has released its 2024 Sustainability Report, highlighting significant progress in its ESG initiatives. The company achieved a 40% reduction in emissions intensity from its 2019 baseline, with absolute emissions down 13%. Employee engagement showed marked improvement with a 22% decline in voluntary turnover in 2023, extending to over 40% from 2022 peak levels.

Safety metrics improved with a 7% reduction in incident rates in 2023, reaching a 13% decline from 2022 levels. The company has initiated electric vehicle testing in New York City and continues to increase recycling and biogas recovery efforts. These achievements align with their commitment to long-term value creation while maintaining sustainable business practices across their operations serving nine million customers in the U.S. and Canada.

Waste Connections (WCN) has announced a 10.5% increase in its quarterly cash dividend, raising it from $0.285 to $0.315 per common share. The dividend will be paid on November 21, 2024 to shareholders of record as of November 7, 2024. U.S. shareholders will receive payments in USD, while Canadian shareholders will receive payments in CAD based on the Bank of Canada's exchange rate on November 7, 2024. The Board plans to review the dividend annually in October with a long-term goal of continued increases.