Waste Connections Inc. Exceeds Expectations, Maintains Strong Outlook

Waste Connections Inc., a leading Canadian provider of waste collection services, has announced a regular quarterly cash dividend of $0.315 U.S. per common share, underscoring the company’s commitment to delivering value to its shareholders. This move comes on the heels of a highly successful second quarter, marked by improved employee retention, record safety performance, and a 6.6% increase in solid waste core pricing.

The company’s financial performance has been nothing short of impressive, with revenue reaching $2.407 billion, a 7.1% increase from the same period last year. Net income and adjusted EBITDA also saw significant gains, reflecting the company’s ability to drive growth and efficiency. Notably, Waste Connections Inc. has maintained its full-year outlook, with revenue expected to reach $9.45 billion and adjusted EBITDA at $3.12 billion.

Key Highlights:

• Revenue: $2.407 billion, up 7.1% from the same period last year
• Net income: Significant increase from the same period last year
• Adjusted EBITDA: Significant increase from the same period last year
• Full-year outlook: Revenue expected to reach $9.45 billion, adjusted EBITDA at $3.12 billion

The company’s ability to maintain its full-year outlook is a testament to its strong operational performance and commitment to delivering value to its shareholders. As the waste management industry continues to evolve, Waste Connections Inc. is well-positioned to capitalize on emerging trends and opportunities. With its proven track record of success and commitment to innovation, the company is poised to drive growth and deliver long-term value to its shareholders.