HighGravityData

Waste Connections — Oct 23, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001558370-24-013517
Open on SEC.gov ↗
Showing in the filing
Acquisitions annualized revenue pace
“over $700 million”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 8
Acquisitions annualized revenue pace for FY2024
“over $700 million”
Rollover revenue contribution from acquisiti… for FY2025
“approximately 2%”
Revenue for FY2024
“approximately $8.9 billion, up $150 million from our original outlook”
Net income for FY2024
“approximately $1.082 billion”
Adjusted EBITDA for FY2024
“approximately $2.910 billion, up $50 million from our original outlook”
Capital expenditures for FY2024
“approximately $1.150 billion, in line with our original outlook”
Net cash provided by operating activities for FY2024
“approximately $2.342 billion”
Adjusted free cash flow for FY2024
“approximately $1.200 billion, in line with our original outlook”
Exhibit 99.1 · the passage around this item
… earlier in the release
per share - Year to date net cash provided by operating activities of $1.660 billion and adjusted free cash flow (b) of $1.044 billion - Increased 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 2% - Increased full year 2024 outlook to $8.9 billion of revenue, up $150 million from original outlook, with net income of $1.082 billion and adjusted EBITDA (b) of $2.91 billion, up $50 million from original outlook ​ ​ ​ TORONTO, ONTARIO, October 23, 2024 - Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today announced its results for the third quarter of 2024.    ​ “We are extremely pleased by the strength of our operating and financial results in the period, positioning for another increase to our full year 2024 outlook, with momentum as we look ahead to 2025.  Solid waste growth led by 6.8% core pricing was supplemented by incremental acquisition contributions and 90 basis points sequential improvement in solid waste volumes during the period to drive results above expectations.  Solid operational execution enabled us to deliver adjusted EBITDA (b) margin of 33.7% in the third quarter, as expected, up 120 basis points year over year, overcoming margin dilution from acquisitions closed during the quarter and storm-related impacts at quarter-end,” sai
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.