Hulk Hogan, wrestling icon, dies at 71 in Florida home
Investing.com -- Waste Connections, Inc. (NYSE:WCN) reported second-quarter revenue above expectations at $2.41 billion, up 7.1% YoY, but missed earnings estimates with EPS of $1.12, falling short of the $1.25 analyst consensus.
The company delivered adjusted EPS of $1.29 and adjusted EBITDA of $786.4 million, representing a 7.5% increase from the prior year period. Solid waste core pricing growth of 6.6% helped drive underlying solid waste margin expansion of approximately 70 basis points. Waste Connections shares fell 1.9% following the earnings release, reflecting investor disappointment with the earnings miss.
"Continued improvement in employee retention and record low safety rates, along with solid waste core pricing growth of 6.6%, drove underlying solid waste margin expansion of approximately 70 basis points in the period," said Ronald J. Mittelstaedt, President and Chief Executive Officer.
The company maintained its full-year 2025 outlook, projecting approximately $9.45 billion in revenue, $3.12 billion in adjusted EBITDA (representing a 33.0% margin), and $1.30 billion in adjusted free cash flow. This guidance assumes no change in the current economic environment.
Mittelstaedt noted that the company faced "headwinds from lower-than-expected contributions from higher margin, commodity-related activities and continued sluggishness in the economy, along with tariff-induced uncertainties."
Year-to-date, Waste Connections has completed acquisitions representing approximately $200 million in annualized revenue, with management indicating a robust pipeline for additional acquisitions in the second half of the year.
For the first six months of 2025, the company reported revenue of $4.64 billion, up from $4.32 billion in the same period last year, with net income reaching $531.8 million, or $2.05 per diluted share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.