Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through five segments: Southern, Western, Eastern, Canada, Central, and Corporate. It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. As of December 31, 2020, it owned 311 solid waste collection operations; 132 transfer stations; 57 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 13 non-MSW landfills; 68 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. It also operated an additional 53 transfer stations, 9 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
IPO Year:
Exchange: NYSE
Website: wasteconnections.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/4/2024 | $196.00 | Sector Perform | Scotiabank |
| 5/23/2024 | Buy | Deutsche Bank | |
| 4/8/2024 | $196.00 | Outperform | RBC Capital Mkts |
| 2/29/2024 | $170.00 → $181.00 | Buy → Neutral | UBS |
| 11/27/2023 | Overweight | Wells Fargo | |
| 11/21/2023 | Outperform → Peer Perform | Wolfe Research | |
| 10/17/2023 | $152.00 | Outperform | Wolfe Research |
| 7/19/2023 | $155.00 | Neutral | Citigroup |
| 6/8/2023 | $153.00 | Sector Perform | Scotiabank |
| 4/18/2023 | $160.00 | Buy | Truist |
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8-K - Waste Connections, Inc. (0001318220) (Filer)
144 - Waste Connections, Inc. (0001318220) (Subject)
8-K - Waste Connections, Inc. (0001318220) (Filer)
8-K - Waste Connections, Inc. (0001318220) (Filer)
10-Q - Waste Connections, Inc. (0001318220) (Filer)
8-K - Waste Connections, Inc. (0001318220) (Filer)
Better than expected third quarter results drive further increases to full year 2024 outlookRevenue of $2.338 billion, up 13.3% year over yearNet income(a) of $308.0 million, and adjusted EBITDA(b) of $787.4 million, up 17.3% year over yearAdjusted EBITDA(b) margin of 33.7%, up 120 basis points year over yearNet income of $1.19 per share, and adjusted net income(b) of $1.35 per shareYear to date net cash provided by operating activities of $1.660 billion and adjusted free cash flow(b) of $1.044 billionIncreased regular quarterly dividend by 10.5%On pace for acquisitions totaling over $700 million in annualized revenue, with an estimated rollover revenue contribution in 2025 of approximately
TORONTO, Oct. 23, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend on the Company's common shares and approved a 10.5% increase in the dividend. The regular quarterly cash dividend, which increases to $0.315 U.S. per common share of the Company from $0.285 U.S. per common share of the Company, will be paid on November 21, 2024 to shareholders of record on the close of business on November 7, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend.
TORONTO, Sept. 23, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that it will report financial results for the third quarter of 2024 after the close of the stock market on October 23, 2024. The Company will be hosting an investor conference call related to this release on October 24th at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting "News & Events" from the website menu. Alternatively, conference call participants can p
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827099522/en/Delaware Basin mineral interests (Graphic: Business Wire) TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current
Continued momentum from solid execution, along with outsized acquisition activity, drives quarterly beat and increase to full year outlookRevenue of $2.248 billion, above outlook and up 11.2% year over yearNet income(a) of $275.5 million, and adjusted EBITDA(b) of $731.8 million, above outlook and up 16.4%Adjusted EBITDA(b) margin of 32.6% of revenue, above outlook and up 150 basis points Net income of $1.07 per share, and adjusted net income(b) of $1.24 per shareYear to date net cash provided by operating activities of $1.102 billion and adjusted free cash flow(b) of $727.4 million, or 16.8% of revenueYear to date signed and closed acquisitions with over $650 million of total annualized rev
TORONTO, July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.285 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on August 22, 2024 to shareholders of record at the close of business on August 7, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend. Shareholders of Waste Connections whose common shares are h
TORONTO, June 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that it will report financial results for the second quarter of 2024 after the close of the stock market on July 24, 2024. The Company will be hosting an investor conference call related to this release on July 25th at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting "News & Events" from the website menu. Alternatively, conference call participants can preregi
Strong start to 2024 on price-led organic growth in solid waste, improving operating trends and continued acquisition activityRevenue of $2.073 billion, above outlook and up 9.1% year over yearNet income(a) of $230.1 million and adjusted EBITDA(b) of $650.7 million, above outlook and up 14.8% year over yearAdjusted EBITDA margin of 31.4%, above outlook and up 160 basis points year over yearNet income and adjusted net income(b) of $0.89 and $1.04 per share, respectively Net cash provided by operating activities of $490.3 million and adjusted free cash flow(b) of $324.8 millionYear-to-date acquired annualized revenue of over $375 millionTORONTO, April 24, 2024 /PRNewswire/ -- Waste Connections
TORONTO, April 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.285 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on May 23, 2024 to shareholders of record at the close of business on May 8, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend. Shareholders of Waste Connections whose common shares are held
TORONTO, March 27, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that it will report financial results for the first quarter of 2024 after the close of the stock market on April 24, 2024. The Company will be hosting an investor conference call related to this release on April 25th at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting "News & Events" from the website menu. Alternatively, conference call participants can prere
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Scotiabank initiated coverage of Waste Connections with a rating of Sector Perform and set a new price target of $196.00
Deutsche Bank initiated coverage of Waste Connections with a rating of Buy
RBC Capital Mkts resumed coverage of Waste Connections with a rating of Outperform and set a new price target of $196.00
UBS downgraded Waste Connections from Buy to Neutral and set a new price target of $181.00 from $170.00 previously
Wells Fargo initiated coverage of Waste Connections with a rating of Overweight
Wolfe Research downgraded Waste Connections from Outperform to Peer Perform
Wolfe Research initiated coverage of Waste Connections with a rating of Outperform and set a new price target of $152.00
Citigroup initiated coverage of Waste Connections with a rating of Neutral and set a new price target of $155.00
Scotiabank resumed coverage of Waste Connections with a rating of Sector Perform and set a new price target of $153.00
Truist initiated coverage of Waste Connections with a rating of Buy and set a new price target of $160.00
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First-of-its-kind facility featuring fully integrated AI will ultimately process 62,000 tons per year of single-stream recycling AMP Robotics Corp. ("AMP"), a leading provider of artificial intelligence (AI)-powered sortation at scale for the waste and recycling industry, has entered into an agreement with Waste Connections, Inc. (TSX/NYSE:WCN) to equip and operate one of Waste Connections' greenfield, next-generation recycling facilities. Located in Commerce City, Colorado, the facility will be commissioned in early 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118648654/en/AMP will equip and operate one of Waste Co
TORONTO, Oct. 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today released its 2024 Sustainability Report – Connecting with the Sustainable Future. The report demonstrates progress toward the Company's aspirational ESG targets and sustainability-related objectives. "2023 was another year of progress towards our sustainability-related goals, which we believe are inextricably linked to our focus on value creation in our business," said Ronald J. Mittelstaedt, President and Chief Executive Officer. "With a multi-year reduction
Better than expected third quarter results drive further increases to full year 2024 outlookRevenue of $2.338 billion, up 13.3% year over yearNet income(a) of $308.0 million, and adjusted EBITDA(b) of $787.4 million, up 17.3% year over yearAdjusted EBITDA(b) margin of 33.7%, up 120 basis points year over yearNet income of $1.19 per share, and adjusted net income(b) of $1.35 per shareYear to date net cash provided by operating activities of $1.660 billion and adjusted free cash flow(b) of $1.044 billionIncreased regular quarterly dividend by 10.5%On pace for acquisitions totaling over $700 million in annualized revenue, with an estimated rollover revenue contribution in 2025 of approximately
TORONTO, Oct. 23, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend on the Company's common shares and approved a 10.5% increase in the dividend. The regular quarterly cash dividend, which increases to $0.315 U.S. per common share of the Company from $0.285 U.S. per common share of the Company, will be paid on November 21, 2024 to shareholders of record on the close of business on November 7, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend.
TORONTO, Sept. 23, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that it will report financial results for the third quarter of 2024 after the close of the stock market on October 23, 2024. The Company will be hosting an investor conference call related to this release on October 24th at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting "News & Events" from the website menu. Alternatively, conference call participants can p
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827099522/en/Delaware Basin mineral interests (Graphic: Business Wire) TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current
TORONTO, Aug. 8, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that it has received approval from the Toronto Stock Exchange (the "TSX") for the annual renewal of its normal course issuer bid (the "NCIB"). The renewal will follow on the conclusion of the Company's current NCIB expiring August 9, 2024. Pursuant to the renewed NCIB, Waste Connections proposes to purchase through the facilities of the TSX, the New York Stock Exchange (the "NYSE") and/or alternative Canadian trading systems, from time to time over th
TORONTO, July 29, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that, on July 23, 2024, its Board of Directors (the "Board"), upon the recommendation of its Nominating and Corporate Governance Committee, appointed Cherylyn Harley LeBon to the Board and its Compensation Committee effective August 1, 2024. Ms. LeBon will fill the vacancy on the Board created by the resignation of Larry S. Hughes discussed below. "We are very pleased to welcome Cherylyn to our Board," said Mr. Mittelstaedt. "Cherylyn is an accomplis
Continued momentum from solid execution, along with outsized acquisition activity, drives quarterly beat and increase to full year outlookRevenue of $2.248 billion, above outlook and up 11.2% year over yearNet income(a) of $275.5 million, and adjusted EBITDA(b) of $731.8 million, above outlook and up 16.4%Adjusted EBITDA(b) margin of 32.6% of revenue, above outlook and up 150 basis points Net income of $1.07 per share, and adjusted net income(b) of $1.24 per shareYear to date net cash provided by operating activities of $1.102 billion and adjusted free cash flow(b) of $727.4 million, or 16.8% of revenueYear to date signed and closed acquisitions with over $650 million of total annualized rev
TORONTO, July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.285 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on August 22, 2024 to shareholders of record at the close of business on August 7, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend. Shareholders of Waste Connections whose common shares are h
TORONTO, July 29, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that, on July 23, 2024, its Board of Directors (the "Board"), upon the recommendation of its Nominating and Corporate Governance Committee, appointed Cherylyn Harley LeBon to the Board and its Compensation Committee effective August 1, 2024. Ms. LeBon will fill the vacancy on the Board created by the resignation of Larry S. Hughes discussed below. "We are very pleased to welcome Cherylyn to our Board," said Mr. Mittelstaedt. "Cherylyn is an accomplis
TORONTO, May 17, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced the results of its Annual Meeting of Shareholders (the "Meeting"). All eight director nominees in the Company's 2024 management information circular and proxy statement were nominated at the Meeting and elected as directors of the Company. Each director will serve until the next annual meeting of shareholders or until his or her successor is duly elected or appointed. Detailed results of the vote are: Nominee VotesFor % VotesFor VotesWithheld % Votes
TORONTO, Feb. 20, 2024 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that Carl D. Sparks has been appointed to its Board of Directors, effective March 1, 2024. "We are very pleased to welcome Carl to our Board," said Ronald J. Mittelstaedt, President and Chief Executive Officer. "Carl is an accomplished executive and independent director with a wealth of experience in both C-suite level leadership roles and independent director positions for both public and private companies. He has intimate knowledge of mergers and a
TORONTO, May 19, 2023 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that all of the nominees listed in the Company's 2023 management information circular and proxy statement (the "proxy statement") for the annual meeting of shareholders held on May 19, 2023 (the "Meeting"), and nominated at the Meeting, were elected as directors of the Company. Each director will serve until the next annual meeting of shareholders or until his or her successor is duly elected or appointed. Detailed results of the vote for the election
TORONTO, Nov. 21, 2022 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that Andrea E. Bertone has been appointed to its Board of Directors. "We are very pleased to welcome Andrea to our Board," said Ronald J. Mittelstaedt, Executive Chairman. "Andrea is an accomplished executive and independent director with a wealth of experience in operations and law, along with recognition by the National Safety Council for her demonstrated dedication to employee safety." Ms. Bertone, 61, served as President of Duke Energy Internati
TORONTO , May 13, 2022 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that all of the nominees listed in the Company's 2022 management information circular and proxy statement (the "proxy statement") for the annual meeting of shareholders held on May 13, 2022 (the "Meeting") were elected as directors of the Company. Each director will serve until the next annual meeting of shareholders or until his or her successor is duly elected or appointed. Detailed results of the vote for the election of directors held at the Mee
TORONTO, May 14, 2021 /PRNewswire/ -- Waste Connections, Inc. (NYSE:WCN) ("Waste Connections" or the "Company") today announced that all of the nominees listed in the Company's 2021 management information circular and proxy statement (the "proxy statement") for the annual meeting of shareholders held on May 14, 2021 (the "Meeting") were elected as directors of the Company. Each director will serve until the next annual meeting of shareholders or until his or her successor is duly elected or appointed. Detailed results of the vote for the election of directors held at the Meet
Waste Connections (NYSE:WCN) reported quarterly earnings of $1.24 per share which beat the analyst consensus estimate of $1.17 by 5.98 percent. The company reported quarterly sales of $2.248 billion which beat the analyst consensus estimate of $2.220 billion by 1.26 percent. This is a 11.23 percent increase over sales of $2.021 billion the same period last year.
Oppenheimer analyst Noah Kaye maintains Waste Connections (NYSE:WCN) with a Outperform and raises the price target from $181 to $191.
Truist Securities analyst Tobey Sommer maintains Waste Connections (NYSE:WCN) with a Buy and raises the price target from $180 to $200.
Waste Connections (NYSE:WCN) has outperformed the market over the past 10 years by 7.67% on an annualized basis producing an average annual return of 18.28%. Currently, Waste Connections has a market capitalization of $43.28 billion. Buying $100 In WCN: If an investor had bought $100 of WCN stock 10 years ago, it would be worth $538.57 today based on a price of $167.79 for WCN at the time of writing. Waste Connections's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated c
On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners named Apple Inc. (NASDAQ:AAPL) as his final trade. Apple is set to unveil significant advancements at its annual Worldwide Developers Conference (WWDC) from June 10-14, 2024, with a highly anticipated keynote on June 10. The Cupertino, California-based tech giant is expected to spotlight new AI-powered features across its core applications, along with updates to its operating systems, according to a recent note by Goldman Sachs analyst Michael Ng. The company could soon launch its annual Back to School promotion for university students in the U.S. and Canada, according to the ads that are making
BMO Capital analyst Devin Dodge maintains Waste Connections (NYSE:WCN) with a Outperform and raises the price target from $182 to $186.
Waste Connections (NYSE:WCN) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.00 by 4 percent. This is a 16.85 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $2.073 billion which beat the analyst consensus estimate of $2.053 billion by 1.00 percent. This is a 9.05 percent increase over sales of $1.901 billion the same period last year.
RBC Capital analyst Sabahat Khan assumes Waste Connections (NYSE:WCN) with a Outperform rating and raises Price Target to $196.