Waste Connections Beats on All Lines, Lifts 2026 Outlook and Hikes Dividend
WCN is trading near its 52-week low of $146.89 (15% above the low).
Summary
Waste Connections delivered a top-to-bottom Q3 beat: revenue rose to $2.638B from $2.458B, adjusted EPS came in at $1.58 versus $1.44 a year ago, and adjusted EBITDA hit $895.8M for a 34.0% margin — up 50bps on underlying expansion despite a late-quarter diesel spike. Management said the quarter puts the company firmly on track to exceed the increased full-year outlook it gave in July, now guiding to roughly $10.09B revenue, $3.345B adjusted EBITDA, and $1.40-1.45B adjusted free cash flow. The company also declared its sixteenth straight double-digit annual dividend increase and has bought back over $1B of stock year to date, 2.5% of shares outstanding. Solid waste unit volumes improved 70bps sequentially on stronger landfill activity, though the reported unit volume line was still negative 1.2% for the quarter. The Q3 earnings call is October 22 at 8:30 AM ET.
At the time of this announcement, WCN was trading at $168.28 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $42.4B. The 52-week trading range was $146.89 to $179.74. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.