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Complete financial analysis of Waste Connections, Inc. (WCN.TO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Waste Connections, Inc., a leading company in the Waste Management industry within the Industrials sector.
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Waste Connections, Inc. (WCN.TO)
About Waste Connections, Inc.
Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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, 2021, it owned 334 solid waste collection operations; 142 transfer stations; 61 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 14 non-MSW landfills; 71 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. The company also operates an additional 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.02B | 7.21B | 6.15B | 5.45B | 5.39B | 4.92B | 4.63B | 3.38B | 2.12B | 2.08B | 1.93B | 1.66B | 1.51B | 1.32B | 1.19B | 1.05B | 958.54M | 824.35M | 721.90M | 629.36M | 563.51M | 498.66M | 377.53M | 304.36M | 182.60M | 54.00M | 6.20M |
| Cost of Revenue | 4.74B | 4.34B | 3.65B | 3.28B | 3.20B | 2.87B | 2.70B | 1.96B | 1.18B | 1.14B | 1.06B | 956.36M | 857.58M | 749.49M | 692.42M | 628.08M | 566.09M | 492.77M | 416.88M | 359.54M | 316.84M | 281.33M | 210.59M | 174.51M | 111.30M | 36.40M | 3.80M |
| Gross Profit | 3.28B | 2.88B | 2.50B | 2.17B | 2.19B | 2.06B | 1.93B | 1.42B | 939.88M | 940.78M | 863.98M | 705.26M | 647.79M | 570.27M | 498.98M | 421.53M | 392.45M | 331.59M | 305.02M | 269.82M | 246.67M | 217.33M | 166.94M | 129.85M | 71.30M | 17.60M | 2.40M |
| Gross Profit Ratio | 40.86% | 39.88% | 40.60% | 39.83% | 40.64% | 41.79% | 41.59% | 42.01% | 44.39% | 45.25% | 44.79% | 42.44% | 43.03% | 43.21% | 41.88% | 40.16% | 40.94% | 40.22% | 42.25% | 42.87% | 43.77% | 43.58% | 44.22% | 42.66% | 39.05% | 32.59% | 38.71% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 790.02M | 688.13M | 605.18M | 532.76M | 540.87M | 519.36M | 504.59M | 470.30M | 234.29M | 226.00M | 208.93M | 193.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 9.10M | 8.34M | 7.16M | 4.87M | 5.41M | 5.03M | 5.05M | 3.96M | 3.20M | 3.48M | 3.70M | 3.74M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 799.12M | 696.47M | 612.34M | 537.63M | 546.28M | 524.39M | 509.64M | 474.26M | 237.48M | 229.47M | 212.64M | 197.45M | 161.97M | 149.86M | 138.03M | 111.11M | 99.57M | 84.54M | 72.40M | 61.76M | 54.37M | 47.37M | 32.01M | 25.42M | 15.70M | 5.30M | 600.00K |
| Other Expenses | 1.24B | 918.96M | 813.01M | 752.40M | 743.92M | 1.26M | 3.74M | 655.00K | -518.00K | 1.07M | -220.00K | 1.22M | 167.10M | 148.03M | 130.28M | 98.06M | 85.88M | 75.66M | 64.57M | 57.74M | 47.35M | 38.98M | 41.02M | 27.20M | 15.00M | 4.30M | 1.20M |
| Operating Expenses | 2.04B | 1.62B | 1.43B | 1.29B | 1.29B | 1.20B | 1.14B | 938.18M | 506.92M | 487.42M | 466.40M | 391.04M | 329.07M | 297.89M | 268.30M | 209.17M | 185.44M | 160.20M | 136.97M | 119.50M | 101.71M | 86.34M | 73.02M | 52.61M | 30.70M | 9.60M | 1.80M |
| Cost & Expenses | 6.79B | 5.95B | 5.08B | 4.57B | 4.49B | 4.07B | 3.85B | 2.90B | 1.68B | 1.63B | 1.53B | 1.35B | 1.19B | 1.05B | 960.72M | 837.25M | 751.53M | 652.97M | 553.85M | 479.04M | 418.56M | 367.67M | 283.61M | 227.12M | 142.00M | 46.00M | 5.60M |
| Interest Income | 9.35M | 5.95M | 2.92M | 5.25M | 9.78M | 7.17M | 5.17M | 602.00K | 487.00K | 0.00 | 0.00 | 773.00K | 530.00K | 590.00K | 1.41M | 3.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 274.64M | 202.33M | 162.80M | 162.38M | 147.37M | 132.10M | 125.30M | 92.71M | 64.24M | 64.67M | 73.58M | 53.04M | 44.52M | 40.13M | 49.16M | 43.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.00B | 918.96M | 813.01M | 752.40M | 743.92M | 680.49M | 632.48M | 463.91M | 269.43M | 257.94M | 243.86M | 193.58M | 167.10M | 147.46M | 130.76M | 97.43M | 87.81M | 81.10M | 67.04M | 60.63M | 49.75M | 41.17M | 37.73M | 27.20M | 15.00M | 4.30M | 1.20M |
| EBITDA | 2.26B | 2.17B | 1.89B | 1.17B | 1.60B | 1.52B | 1.27B | 917.99M | 207.38M | 708.28M | 638.36M | 511.72M | 484.75M | 420.43M | 355.30M | 312.45M | 294.82M | 252.49M | 235.09M | 212.30M | 195.15M | 170.19M | 131.65M | 104.43M | 55.79M | 18.02M | 2.70M |
| EBITDA Ratio | 28.19% | 30.35% | 30.79% | 30.03% | 30.79% | 31.31% | 30.77% | 27.98% | 33.15% | 34.26% | 33.24% | 30.68% | 32.31% | 31.86% | 29.82% | 29.63% | 30.75% | 31.18% | 32.47% | 34.33% | 34.59% | 34.69% | 37.72% | 34.65% | 35.43% | 23.89% | 108.06% |
| Operating Income | 1.24B | 1.24B | 1.04B | 883.01M | 837.78M | 832.24M | 627.10M | 452.30M | -61.53M | 449.27M | 394.72M | 316.15M | 318.72M | 272.38M | 230.68M | 212.36M | 207.01M | 171.39M | 168.05M | 150.32M | 144.95M | 130.99M | 93.92M | 77.23M | 40.60M | 8.00M | 600.00K |
| Operating Income Ratio | 15.41% | 17.22% | 16.90% | 16.21% | 15.55% | 16.91% | 13.54% | 13.40% | -2.91% | 21.61% | 20.46% | 19.03% | 21.17% | 20.64% | 19.36% | 20.23% | 21.60% | 20.79% | 23.28% | 23.88% | 25.72% | 26.27% | 24.88% | 25.38% | 22.23% | 14.81% | 9.68% |
| Total Other Income/Expenses | -252.81M | -193.23M | -268.88M | -158.51M | -131.89M | -165.79M | -239.64M | -90.93M | -566.17M | -63.61M | -72.52M | -62.24M | -45.59M | -46.91M | -55.30M | -40.44M | -48.01M | -45.63M | -35.46M | -36.06M | -42.06M | -41.26M | -43.27M | -29.74M | -20.87M | -2.69M | -2.00M |
| Income Before Tax | 983.50M | 1.05B | 770.74M | 253.91M | 705.89M | 707.14M | 508.51M | 361.37M | -126.29M | 385.66M | 320.92M | 265.10M | 273.13M | 225.48M | 175.38M | 163.96M | 159.00M | 125.75M | 132.59M | 114.26M | 102.55M | 88.58M | 50.65M | 47.50M | 20.10M | 5.20M | -5.40M |
| Income Before Tax Ratio | 12.26% | 14.54% | 12.53% | 4.66% | 13.10% | 14.36% | 10.98% | 10.70% | -5.96% | 18.55% | 16.64% | 15.95% | 18.14% | 17.08% | 14.72% | 15.62% | 16.59% | 15.25% | 18.37% | 18.15% | 18.20% | 17.76% | 13.41% | 15.61% | 11.01% | 9.63% | -87.10% |
| Income Tax Expense | 220.68M | 212.96M | 152.25M | 49.92M | 139.21M | 159.99M | -68.91M | 114.04M | -31.59M | 152.34M | 124.92M | 105.44M | 106.96M | 89.33M | 64.57M | 58.40M | 59.92M | 48.33M | 48.07M | 41.75M | 37.23M | 33.11M | 19.93M | 19.31M | 10.90M | 2.40M | -300.00K |
| Net Income | 762.80M | 835.66M | 618.05M | 204.68M | 566.84M | 546.87M | 576.82M | 246.54M | -95.76M | 232.53M | 195.66M | 159.09M | 165.24M | 135.10M | 109.83M | 105.56M | 99.08M | 77.42M | 83.94M | 72.27M | 65.60M | 55.47M | 30.53M | 28.19M | 9.20M | 1.80M | -5.10M |
| Net Income Ratio | 9.51% | 11.59% | 10.05% | 3.76% | 10.52% | 11.11% | 12.46% | 7.30% | -4.52% | 11.18% | 10.14% | 9.57% | 10.98% | 10.24% | 9.22% | 10.06% | 10.34% | 9.39% | 11.63% | 11.48% | 11.64% | 11.12% | 8.09% | 9.26% | 5.04% | 3.33% | -82.26% |
| EPS | 2.95 | 3.25 | 2.37 | 0.78 | 2.15 | 2.07 | 2.19 | 1.07 | -0.52 | 1.25 | 1.06 | 0.88 | 0.98 | 0.78 | 0.61 | 0.67 | 0.65 | 0.51 | 0.53 | 0.46 | 0.46 | 0.39 | 0.22 | 0.24 | 0.10 | 0.03 | -0.18 |
| EPS Diluted | 2.95 | 3.24 | 2.36 | 0.78 | 2.14 | 2.07 | 2.18 | 1.07 | -0.52 | 1.24 | 1.05 | 0.87 | 0.97 | 0.77 | 0.61 | 0.66 | 0.63 | 0.49 | 0.52 | 0.43 | 0.39 | 0.34 | 0.22 | 0.23 | 0.09 | 0.03 | -0.18 |
| Weighted Avg Shares Out | 258.58M | 257.38M | 261.17M | 263.19M | 263.79M | 263.65M | 263.68M | 230.33M | 184.16M | 186.32M | 185.40M | 181.76M | 169.08M | 173.47M | 178.68M | 157.56M | 153.54M | 153.31M | 157.61M | 157.21M | 143.41M | 140.49M | 137.04M | 117.96M | 94.44M | 52.72M | 29.10M |
| Weighted Avg Shares Out (Dil) | 258.15M | 258.04M | 261.73M | 263.69M | 264.53M | 264.40M | 264.30M | 231.08M | 185.24M | 187.18M | 186.25M | 182.74M | 170.38M | 175.34M | 180.76M | 160.69M | 157.49M | 158.42M | 162.71M | 166.96M | 166.41M | 163.65M | 140.11M | 121.47M | 100.89M | 62.39M | 29.10M |
Source: https://incomestatements.info
Category: Stock Reports
What drove the increase in Waste Connections’ revenue in 2024?
Mittelstaedt says. He cites price-led organic solid waste growth and 100 basis points sequential improvement in volumes augmented by accretive acquisitions as contributing factors to the company’s increased revenue.
How did Waste Connections’ adjusted EBITDA change in 2024?
Adjusted EBITDA ( b ) for the nine months ended September 30, 2024 was $2.170 billion, as compared to $1.867 billion in the prior year period. Waste Connections also updated its outlook for 2024, which assumes no change in the current economic environment or underlying economic trends.
What is the outlook for Waste Connections’ full-year 2024 financials?
The increased full year 2024 outlook is $8.9 billion of revenue, up $150 million from original outlook, with net income of $1.082 billion and adjusted EBITDA of $2.91 billion, up $50 million from original outlook.
What were Waste Connections’ revenue and net income in Q3 2024?
Revenue is estimated to be approximately $8.9 billion, up $150 million from our original outlook. Net income is estimated to be approximately $1.082 billion, and adjusted EBITDA ( b ) is estimated to be approximately $2.910 billion, up $50 million from our original outlook.