- Waste Connections Inc. (WCN, Financial) posts strong Q1 2025 results, with a revenue increase of 7.5% year-over-year.
- Net income reached $241.5 million, while adjusted EBITDA grew by 9.5% to $712.2 million.
- The company reported significant acquisition activity, with annualized revenues exceeding $125 million.
Waste Connections Inc. (WCN) has reported robust financial performance for the first quarter of 2025, with revenues reaching $2.228 billion, a 7.5% increase compared to the same period in 2024. This growth was bolstered by a 6.9% increase in core solid waste pricing, illustrating the company's strategic pricing initiatives and operational efficiency.
Net income for the quarter stood at $241.5 million, translating to earnings of $0.93 per share. The company's adjusted net income was $293.1 million, or $1.13 per diluted share. Waste Connections also reported an adjusted EBITDA of $712.2 million, up 9.5% from the previous year, with a margin improvement to 32.0%.
On the acquisition front, Waste Connections successfully completed transactions resulting in over $125 million in annualized revenue. This includes a new state-of-the-art recycling facility in New Jersey, enhancing its capabilities in the Northeast region.
The company continues to demonstrate commitment to shareholder returns, as evidenced by a dividend per share increase to $0.315. Waste Connections also saw improved employee retention for the tenth consecutive quarter and reported exceptional safety performance, underscoring its operational excellence.
