Waste Connections (WCN) Tops Q3 EPS by 6c, updates guidance

Waste Connections (NYSE: WCN) reported Q3 EPS of $1.35, $0.06 better than the analyst estimate of $1.29. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.3 billion.

GUIDANCE:

Waste Connections sees FY2024 revenue of $8.9 billion, versus the consensus of $8.831 billion.

Net income is estimated to be approximately $1.082 billion, and adjusted EBITDA(b) is estimated to be approximately $2.910 billion, up $50 million from our original outlook.
Capital expenditures are estimated to be approximately $1.150 billion, in line with our original outlook.
Net cash provided by operating activities is estimated to be approximately $2.342 billion, and adjusted free cash flow(b) is estimated to be approximately $1.200 billion, in line with our original outlook.

For earnings history and earnings-related data on Waste Connections (WCN) click here.

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