Microvast Holdings announces departure of chief financial officer
TORONTO - Waste Connections, Inc. (NYSE:WCN) reported first-quarter 2025 results that exceeded analyst expectations, with the company’s shares rising 0.2% in response to the news.
The waste management firm posted adjusted earnings per share of $1.13, surpassing the analyst estimate of $1.08. Revenue for the quarter came in at $2.23 billion, slightly above the consensus estimate of $2.22 billion and up 7.5% YoY from $2.073 billion in the same quarter last year.
Waste Connections’ adjusted EBITDA reached $712.2 million, a 9.5% increase YoY, with adjusted EBITDA margin expanding by 60 basis points to 32.0%. The company attributed its strong performance to price-led organic solid waste growth and continued acquisition activity.
Ronald J. Mittelstaedt, President and CEO, stated, "We’re extremely pleased by the strong start to 2025 as price-led organic solid waste growth and continued acquisition activity drove a top-to-bottom beat in the quarter, positioning us well for the full year."
The company reported core solid waste pricing of 6.9%, which helped offset volume weakness due to weather events in many markets. Waste Connections also highlighted improvements in employee retention for the tenth consecutive quarter and record safety performance during the period.
Year-to-date, the company has completed acquisitions with annualized revenues exceeding $125 million, including a state-of-the-art recycling facility in New Jersey to support growth in the Northeast.
Net cash provided by operating activities was $541.5 million, while adjusted free cash flow reached $332.1 million for the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.