Waste Connections beats Q2 revenue estimates, maintains outlook
Overview
Waste Connections Q2 2025 revenue grows 7.1% yr/yr, beating analysts' expectations
Adjusted net income for Q2 rises to $333.1 mln
Co maintains full-year 2025 outlook
Outlook
Waste Connections maintains 2025 revenue outlook at $9.45 bln
Company expects 2025 adjusted EBITDA of $3.12 bln
Capital expenditures for 2025 estimated between $1.2 bln and $1.25 bln
Net cash from operations in 2025 estimated between $2.483 bln and $2.533 bln
Result Drivers
CORE PRICING - 6.6% increase in solid waste core pricing contributed to revenue growth
EMPLOYEE RETENTION - Improved employee retention and record safety performance supported results
ACQUISITIONS - Completed $200 mln in acquisition activity, enhancing revenue potential
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $2.41 bln | $2.39 bln (12 Analysts) |
Q2 Adjusted Net Income |
| $333.10 mln |
|
Q2 Net Income |
| $290.28 mln |
|
Q2 Adjusted EBITDA |
| $786.4 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Waste Connections Inc is C$279.43, about 10% above its July 22 closing price of C$251.48
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 36 three months ago
Press Release: ID:nCNWsrRYja
