Waste Connections meets Q4 revenue  expectations

Overview

• Waste management firm's Q4 revenue met analyst expectations, adjusted EBITDA rose 8.7% yr/yr

• Company completed acquisitions with $330 mln in annualized revenue

Outlook

• Waste Connections expects 2026 revenue between $9.90 bln and $9.95 bln

• Company forecasts 2026 adjusted EBITDA between $3.300 bln and $3.325 bln

• Waste Connections anticipates 2026 adjusted free cash flow of $1.40 bln to $1.45 bln

Result Drivers

• PRICE-LED ORGANIC GROWTH - Co attributed Q4 results to price-led organic growth in solid waste and improved operating trends

• REDUCED TURNOVER AND INCIDENTS - Decline in employee turnover and safety incidents led to cost savings and productivity gains

• ACQUISITIONS - Completed acquisitions contributed $330 mln in annualized revenue

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the environmental services & equipment peer group is "buy"

• The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nBw5YXbkDa

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