Welcome to our dedicated page for Waste Connection news (Ticker: WCN), a resource for investors and traders seeking the latest updates and insights on Waste Connection stock.
Waste Connections, Inc. (WCN) is an integrated solid waste services company whose news flow centers on financial performance, capital allocation and operational developments in non-hazardous waste management. Company press releases highlight its role in providing non-hazardous waste collection, transfer and disposal services, including by rail, as well as resource recovery primarily through recycling and renewable fuels generation. Waste Connections serves approximately nine million residential, commercial and industrial customers across 46 U.S. states and six Canadian provinces, making its updates relevant to investors following the North American waste management sector.
On this page, readers can follow WCN news related to quarterly earnings results, updated financial outlooks and conference call schedules. Recent releases have detailed revenue, net income, adjusted net income and adjusted EBITDA, along with commentary on solid waste core pricing, margin trends and acquisition activity. The company also announces regular quarterly cash dividends, dividend increases and renewals of its normal course issuer bid for share repurchases, providing insight into its capital return policies.
Waste Connections’ news coverage additionally includes information on senior notes offerings, including the pricing and intended use of proceeds to repay borrowings under its revolving credit facility. Updates on ESG-related initiatives, such as efforts to reduce emissions, increase resource recovery of recyclable commodities and clean energy fuels, and improve safety and employee engagement, are also described in company communications.
Investors and observers can use this WCN news feed to monitor scheduled earnings release dates, dividend declarations, share repurchase authorizations, debt offerings and other material events disclosed through press releases and regulatory filings. Regular review of these items helps provide context on Waste Connections’ operating performance, financial position and strategic priorities within the non-hazardous solid waste services industry.
Waste Connections (WCN) has successfully repaid all outstanding senior notes totaling $1.5 billion due between 2022 and 2027. This repayment was funded by proceeds from a $650 million offering of 2.20% Senior Notes due 2032 and $850 million of 2.95% Senior Notes due 2052, along with borrowing from its credit facility. The company anticipates a $115 million charge in Q3 2021 financial results. CFO Mary Anne Whitney expressed optimism about extending maturities and reducing interest costs, enhancing financial flexibility for future growth.
Waste Connections has announced the pricing of a $1.5 billion public offering of senior notes, which includes $650 million of 2.200% notes due 2032 and $850 million of 2.950% notes due 2052. The offering is expected to close on September 20, 2021, and aims to raise approximately $1.471 billion in net proceeds. These proceeds will be used to repay existing senior notes. The offering is managed by BofA Securities, J.P. Morgan, MUFG, and Wells Fargo. This announcement follows the registration statement filed with the SEC on September 1, 2021.
Waste Connections (WCN) announced plans for a public offering of senior notes due in 2032 and 2052, subject to market conditions. The offering aims to generate funds to repay $1.5 billion of outstanding senior notes from previous agreements. The notes will be senior unsecured obligations of the company. Joint book-running managers for the offering include BofA Securities, J.P. Morgan, MUFG, and Wells Fargo Securities. This process follows an effective registration statement filed with the SEC on September 1, 2021.
Waste Connections has acquired E.L. Harvey & Sons, a major family-owned waste services provider in Massachusetts, generating approximately $110 million in annual revenue. This acquisition aims to expand Waste Connections' market position and enhance its employee and customer support culture. Furthermore, Waste Connections announced the closing of one of two acquisitions, adding $50 million in annual revenue from franchise operations in Northern California and Nevada, with another acquisition expected in Oregon, contributing an additional $25 million.
Waste Connections has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB) for the purchase of up to 13,025,895 common shares, effective August 10, 2021 to August 9, 2022. This represents 5% of the company's outstanding shares as of August 3, 2021. The renewal aims to return capital to shareholders, with repurchases limited to 75,704 shares daily on TSX and a maximum of 25% of the average daily trading volume on NYSE. This decision reflects management's confidence in share value and growth opportunities.
Waste Connections reported strong Q2 2021 results, with revenue of $1.534 billion, reflecting a 17.5% year-over-year increase. Net income reached $177.0 million, or $0.68 per share, significantly improving from a net loss of $227.1 million in 2020. Adjusted EBITDA grew to $484.9 million, equating to 31.6% of revenue. The company anticipates 2021 revenue to approach $5.975 billion and adjusted EBITDA of $1.875 billion. Furthermore, Waste Connections has closed or signed 14 acquisitions in 2021, indicating robust growth opportunities.
Waste Connections has declared a quarterly cash dividend of $0.205 per common share, payable on September 1, 2021, to shareholders on record by August 18, 2021. This decision reflects the Board's ongoing commitment to returning value to shareholders, with a stated intention to review quarterly dividends each October and potentially increase them in the future. Shareholders' dividends will be distributed in U.S. or Canadian dollars based on their registration with respective depositaries.
Waste Connections (WCN) will announce its Q2 2021 financial results on August 4, 2021, after market close. An investor call will follow on August 5, 2021, at 8:30 AM ET. The company serves over seven million customers across 43 U.S. states and six Canadian provinces, providing non-hazardous waste solutions. In addition, Waste Connections plans to participate in key industry events, including the Raymond James Diversified Industrials Conference on August 24 and the RBC Global Industrials Conference on September 9.
On May 14, 2021, Waste Connections announced that all nominees for director positions were successfully elected during the annual shareholders meeting. Each director will serve until the next meeting or until their successor is appointed. The voting results indicate significant support for the nominees, with percentages of votes for each ranging from 85.73% to 99.94%. Also approved was the non-binding advisory compensation for named executives and the appointment of Grant Thornton LLP as the independent public accounting firm until the 2022 annual meeting.
Waste Connections (WCN) reported strong Q1 2021 results, with revenue of $1.396 billion, exceeding expectations, and a net income of $160.3 million. Adjusted EBITDA soared to $433.2 million, representing 31.0% of revenue, an increase of 80 basis points year-over-year. The company anticipates 10% growth in solid waste prices and volumes in Q2, driven by recovering solid waste activity. Adjusted free cash flow was $289.8 million, or 20.8% of revenue. The positive financial outlook reflects improving economic conditions post-COVID-19.