1. Waste Connections Outperforms Expectations in Q2.
- Author
-
Bothwell, Liz
- Subjects
FREE cash flow ,SOLID waste - Abstract
Here are some financial highlights: Accelerating solid waste pricing growth and E&P waste activity drive better than expected Q2 results Revenue of $1.816 billion, up 18.4% Net income SP sp of $224.1 million, and adjusted EBITDA of $566.8 million, up 16.9% Adjusted EBITDA SP sp margin of 31.2% of revenue, in line with outlook and flat year over year, excluding acquisitions Net income of $0.87 per share, and adjusted net income SP sp of $1.00 per share, up 23.5% Year to date net cash provided by operating activities of $973.7 million and adjusted free cash flow SP sp of $638.4 million, or 18.4% of revenue Year to date signed or closed acquisitions with approximately $470 million of total annualized revenue Increases full year 2022 outlook to revenue of approximately $7.125 billion, net income of approximately $837.5 million, adjusted EBITDA of approximately $2.190 billion, net cash provided by operating activities of approximately $1.974 billion and adjusted free cash flow of approximately $1.160 billion Waste Connections looks to be set up for double-digit sales growth with significant operating leverage in 2023. Waste Connections (WCN) announced its Q2 2022 earnings today and all results point to outperformed expectations. [Extracted from the article]
- Published
- 2022