Waste Connection Stock Price, News & Analysis

Waste Connections reported robust Q1 2022 results with a 17.9% revenue increase to $1.646 billion. Net income rose to $180.3 million or $0.69 per share, marking a 17.1% increase. Adjusted EBITDA was $502.1 million, representing 30.5% of revenue. The company's solid waste pricing grew by 7.1%, contributing to margin expansion despite inflation. With $440.9 million in cash from operations and successful acquisitions yielding $175 million in annualized revenue, Waste Connections is well-positioned for continued growth.

Waste Connections (WCN) has announced it will report its first-quarter 2022 financial results on May 3, 2022, after market close. An investor conference call will take place the following day at 8:30 A.M. Eastern Time. In addition, the company plans to participate in several upcoming industry conferences throughout the second quarter, including the Stifel Investor Summit and the RBC Canadian Auto, Transportation and Industrials Conference. More information is available on the company's investor relations website.

Waste Connections has priced an underwritten public offering of $500 million aggregate principal of its 3.200% Senior Notes due in 2032, at a public price of 99.925% of face value. The offering is set to close on March 9, 2022, with net proceeds estimated at $494.8 million, to be used for repaying borrowings under its revolving credit facility. Major underwriters include BofA Securities and J.P. Morgan. The offering is part of the company's effective shelf registration statement with the SEC.

Waste Connections (WCN) announced plans for a public offering of senior unsecured notes, subject to market conditions. The net proceeds will primarily be used to reduce borrowings under its revolving credit facility. The offering is managed by BofA Securities, J.P. Morgan, MUFG, and Wells Fargo Securities and will utilize an effective shelf registration statement previously filed with the SEC. While the notes are secured obligations, this move signals Waste Connections' strategy to improve its financial flexibility by addressing outstanding debt.

Waste Connections has declared a regular quarterly cash dividend of $0.23 per common share, payable on March 16, 2022, to shareholders on record as of March 2, 2022. This decision reflects the company's ongoing commitment to returning value to shareholders. The Board plans to review the dividend each October, aspiring to increase it in the long term. Shareholders will receive payments in U.S. or Canadian dollars based on their registration with respective depositaries.

Waste Connections reported strong Q4 and full-year 2021 results, driven by price-led organic growth and acquisition activity. Q4 revenue surged to $1.624 billion, net income reached $166.3 million ($0.64 per share), and adjusted EBITDA was $495.4 million. For the full year, revenue increased by 13.0% to $6.151 billion, and net income climbed by 202.1% to $618.0 million ($2.36 per share). Expectations for 2022 project revenue of $6.875 billion, with continued double-digit growth and a commitment to shareholder returns.

Waste Connections (WCN) will announce its fourth quarter 2021 financial results and 2022 outlook after market close on February 16, 2022. An investor conference call will follow on February 17 at 8:30 A.M. ET. The company will participate in several investor events throughout the first quarter, including the ATB Annual Institutional Investor Conference on January 11 and the Deutsche Bank ESG Conference on February 28. Interested parties can access the call via the company's investor website or by dialing in directly.

Waste Connections has declared a regular quarterly cash dividend of $0.23 U.S. per share, marking a significant 12.2% increase from the previous $0.205 amount. This payment is scheduled for November 23, 2021, for shareholders on record as of November 9, 2021. The Board plans to review the dividend quarterly, aiming for continuous increases. The dividend will be paid in U.S. dollars for shares held in U.S. depository accounts and in Canadian dollars for those in Canadian depositories, based on the current exchange rate.

Waste Connections reported third-quarter revenue of $1.597 billion, a 14.9% year-over-year increase, driven by strong solid waste pricing and acquisition activity. Net income reached $114.4 million, or $0.44 per share, with adjusted EBITDA at $505.6 million, or 31.7% of revenue. Year-to-date, the company generated $1.27 billion in cash from operations and closed acquisitions yielding approximately $240 million in annualized revenues. The quarterly dividend increased by 12.2%, with an outlook for full-year revenue of approximately $6.11 billion.