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.
On April 26, 2023, Waste Connections (TSX/NYSE: WCN) announced a quarterly cash dividend of $0.255 per common share, payable on May 24, 2023, to shareholders of record by May 10, 2023. The Board of Directors aims to review the dividend quarterly, with a long-term goal of increasing it. Shareholders will receive dividends in U.S. dollars or Canadian dollars depending on their broker's participation in the U.S. or Canadian depositary systems. Waste Connections operates integrated solid waste services across the U.S. and Canada, serving over eight million customers. The announcement reflects the company's ongoing commitment to providing returns to shareholders.
Waste Connections has appointed Ronald J. Mittelstaedt as President and CEO, effective April 23, 2023, succeeding Worthing F. Jackman. Mittelstaedt, the company's founder, previously served as CEO from 1997 until July 2019 and has been the Executive Chairman since then. Following this transition, Michael W. Harlan becomes the non-executive Chairman of the Board. The company expressed gratitude for Jackman’s leadership during challenging times, notably the pandemic and hyperinflation. Waste Connections reaffirmed its financial outlook for 2023, with further details expected in the upcoming Q1 2023 earnings report on April 26, 2023. The company is positioned as a leader in integrated solid waste services across the U.S. and Canada, serving over eight million customers.
Waste Connections (WCN) will announce its first quarter 2023 financial results after market close on April 26, 2023. A conference call for investors will follow on April 27, 2023, at 8:30 A.M. ET. The company will showcase its participation in several upcoming investor events in May and June 2023, including the Stifel Investor Summit and Goldman Sachs Industrials Conference. Waste Connections provides integrated solid waste services to millions across the U.S. and Canada, focusing on non-hazardous waste collection and disposal.
Waste Connections has declared a quarterly cash dividend of $0.255 per common share, set for payment on March 15, 2023. This decision aims to reward shareholders, with the record date for eligibility on March 1, 2023. The Board plans to review the dividend each October, signaling a long-term ambition to increase it. Shareholders holding shares through U.S. or Canadian brokers will receive dividends in their respective currencies, based on the Bank of Canada's exchange rate for Canadian shareholders. Waste Connections provides solid waste services across the U.S. and Canada, serving over eight million customers.
Waste Connections reported strong Q4 2022 results with revenue of $1.869 billion, net income of $194.4 million, and adjusted EBITDA of $563.6 million (30.2% of revenue). Full-year revenue reached $7.212 billion, up 17.2%, and net income was $835.7 million, or $3.24 per share. Adjusted EBITDA for 2022 stood at $2.221 billion, an increase of 15.7%. The company anticipates approximately $8.05 billion in revenue for 2023, reflecting an 11.6% increase, driven by pricing and acquisitions. Waste Connections expects to overcome inflationary pressures while also expanding margins.
Waste Connections (WCN) announced it will report its fourth quarter 2022 financial results on February 15, 2023, after market close. An investor conference call will follow on February 16, 2023, at 8:30 A.M. Eastern Time. The company serves over eight million customers across 43 U.S. states and six Canadian provinces, focusing on non-hazardous waste services and resource recovery. Additionally, Waste Connections is set to participate in various investor conferences in the first quarter of 2023, enhancing its investor relations efforts.
Waste Connections has declared a quarterly cash dividend of $0.255 per common share, marking a 10.9% increase from the previous $0.23. The dividend will be paid on December 1, 2022, to shareholders on record as of the close of business on November 16, 2022. This decision reflects the Board's commitment to regularly review dividends each October, aiming for long-term increases. Payments for shareholders will be made in U.S. dollars for those in the DTC system and in Canadian dollars for those in the CDS system based on the Bank of Canada's exchange rate.
Waste Connections reported robust Q3 2022 results with revenue of $1.880 billion, a 17.7% increase year-over-year. Net income reached $236.9 million, translating to $0.92 per share. The company achieved an adjusted EBITDA of $588.1 million, a 16.3% rise, resulting in a 31.3% EBITDA margin. Year-to-date, operating cash flow hit $1.500 billion with $929 million in adjusted free cash flow. Additionally, a 10.9% dividend increase was announced. The outlook for 2022 remains positive with expectations for continued revenue growth and margin expansion.
AMP Robotics Corp. has successfully raised $91 million in a Series C financing round, led by Congruent Ventures and Wellington Management. This follows a $55 million Series B financing completed in January 2021. The funding will be used to modernize and expand AMP’s recycling infrastructure, particularly enhancing manufacturing capabilities to support a fleet of approximately 275 robots globally. The recycling industry contributes nearly $117 billion to the U.S. economy, and AMP aims to improve recycling systems economically through its AI-powered technology.
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