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NEW YORK - Waste Connections Inc (NYSE:WCN) reported fourth-quarter earnings that missed analyst expectations, with revenue also falling short of estimates. The company’s stock edged down 0.2% following the announcement.
The waste management firm posted adjusted earnings per share of $1.16 for Q4, $0.05 below the analyst consensus of $1.21. Revenue came in at $2.04 billion, missing the $2.25 billion estimate.
For the full year 2024, Waste Connections reported revenue of $8.92 billion, up 11.2% YoY. Adjusted EBITDA reached $2.902 billion, representing 32.5% of revenue and a 100 basis point improvement from the previous year.
Looking ahead, the company provided guidance for fiscal year 2025, projecting revenue between $9.45 billion and $9.60 billion. This outlook aligns with the analyst consensus of $9.554 billion. Waste Connections also expects adjusted EBITDA margin to expand by 50 to 80 basis points, reaching between 33.0% and 33.3% of revenue.
"Q4 provided a solid finish to a year of extraordinary accomplishments for Waste Connections both financially, with double-digit growth in both revenue and adjusted EBITDA, and operationally," said Ronald J. Mittelstaedt, President and CEO.
Despite the earnings miss, the company highlighted its strong acquisition activity in 2024, totaling approximately $750 million in annualized revenue from private company acquisitions.
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