04:35 PM EDT, 04/24/2024 (MT Newswires) -- Waste Connections ( WCN ) edged up in after-hours New York trading after the company on Tuesday reported a better than expected first-quarter profit on higher revenue.

The waste-management company reported an adjusted profit, excluding most one-time items, of US$268.7 million, or US$1.04 per share, up 17% from US$230.4 million, or US$0.89, in the year-prior quarter. The result topped the consensus analyst forecast of US$1.00 per share, according to Capital IQ.

Net income, including items, rose 16% to US$230.1 million, or US$0.89, from US$197.8 million, or US$0.77.

Revenue of US$2.07 billion beat the $2.05 billion forecast and was 9.1% above the US$1.9 billion it reported in the first quarter of 2023.

Waste Connections ( WCN ) described its first-quarter results as a "strong start to 2024 on price-led organic growth in solid waste, improving operating trends and continued acquisition activity".

"We are extremely pleased by the strong start to the year driving better than expected operating and financial results, which, along with recently completed acquisitions, positions us well for the remainder of 2024," chief executive Ronald Mittelstaedt said in a release.

The company announced a regular quarterly dividend of US$0.285 per common share, payable on May 23.

Waste Connections ( WCN ) shares were last seen up US$0.92 to US$167.10 in after-hours trading. They closed up C$0.67 to C$227.66 on the Toronto Stock Exchange