Waste Connections — Oct 23, 2024 release

Mittelstaedt.  “Further, we anticipate that our innovative approaches to drive continued improvement in employee engagement and retention should position us in 2025 for another year of above average underlying margin expansion in solid waste collection, transfer and disposal.  On that basis, we should be positioned for high single-digit adjusted EBITDA (b) growth in 2025 on expected mid to high single-digit revenue growth, including approximately 2% revenue carryover from a record amount of private company acquisition activity expected to be completed in 2024, with upside potential from additional acquisition activity.” ​ Mr. Mittelstaedt concluded, “As anticipated, the strength of our operating performance, free cash flow generation and balance sheet positioned us for another double-digit increase to our quarterly cash dividend, demonstrating once again the compatibility of funding our differentiated growth strategy and acquisition activity, along with an increasing return of capital to shareholders.” ​ ​ Q3 2024 Results ​ Revenue in the third quarter totaled $2.338 billion, up from $2.065 billion in the year ago period. Operating income was $475.3 million, which included  $8.1 million in transaction-related expenses and $3.0 million primarily from impairments and other operating items. This compares to operating income of $353.0 million in the third quarter of 2023 that included $59.2 million primarily in impairments and other operating items and transaction-related expenses. Net income in the third quarter was $308.0 1 ​ million, or $1.19 per share on a diluted basis of 258.8 million shares. In the year ago period, the Com