Third Quarter 2021 Results And Raises Full Year Outlook - Strong execution, accelerating solid waste pricing growth and continued strength in both resource recovery values and acquisition activity again drive outsized results and increased full year outlook
- Revenue of $1.597 billion, up 14.9% year over year, exceeding outlook
- Reports organic growth of 11.3%, including 7.3% solid waste price + volume growth, exceeding outlook
- Net income(a) of $114.4 million, and adjusted EBITDA(b) of $505.6 million, or 31.7% of revenue, up sequentially from Q2 and up 60 basis points year over year
- Net income and adjusted net income(b) of $0.44 and $0.89 per share, respectively
- Year to date net cash provided by operating activities of $1.270 billion and adjusted free cash flow(b) of $825.8 million, or 18.2% of revenue
- Year to date closed acquisitions of approximately $240 million in annualized revenues
- Increases regularly quarterly dividend by 12.2%
- Provides full year 2021 revenue outlook of approximately $6.110 billion, net income of approximately $633 million, adjusted EBITDA(b) of approximately $1.910 billion, net cash from operating activities of approximately $1.689 billion and adjusted free cash flow of approximately $1.025 billion
TORONTO, Oct. 27, 2021 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the third quarter of 2021.