CORRECTED-Canada's Secure Waste Q4 revenue misses analyst expectations
Overview
Canada waste management firm's Q4 revenue missed analyst expectations
Q4 Adjusted EBITDA rose 15% yr/yr
Company announced 5% dividend increase
Outlook
Secure Waste Infrastructure projects 2026 Adjusted EBITDA of C$520–C$550 mln
Company plans C$75 mln in organic growth capital for 2026
Secure Waste Infrastructure sees improving metals recycling performance in 2026
Result Drivers
COST CONTROL - CEO Allen Gransch attributed the growth in Adjusted EBITDA to disciplined cost management and reliable service delivery despite challenging market conditions
INFRASTRUCTURE PROJECTS - Growth driven by commissioning of new infrastructure projects, including water disposal facilities and industrial waste processing
METALS RECYCLING - Improved performance in metals recycling logistics contributed to growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | C$372 mln | C$377.67 mln (6 Analysts) |
Q4 Net Income |
| C$53 mln |
|
Q4 Adjusted EBITDA |
| C$135 mln |
|
Q4 Free Cash Flow |
| C$84 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "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 SECURE Waste Infrastructure Corp is C$20.00, about 4.2% above its February 19 closing price of C$19.19
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nCNWv20gMa
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