financetom
Business
financetom
/
Business
/
Waste Connections Lower in U.S. After-hours Trading, Reports Q4 Adjusted Profit Miss
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Waste Connections Lower in U.S. After-hours Trading, Reports Q4 Adjusted Profit Miss
Feb 12, 2025 2:37 PM

05:06 PM EST, 02/12/2025 (MT Newswires) -- Waste Connections ( WCN ) , slipped in U.S. after-hours trade as the company on Wednesday afternoon reported a higher fourth-quarter adjusted profit but missed expectations.

Adjusted profit, excluding most one-time items, rose to US$300.6 million, US$1.16 per share, in the quarter, from US$285.5 million, or US$1.11, last year. The result missed consensus analyst expectations of US$1.20 per adjusted share, according to FactSet.

Fourth-quarter revenue of US$2.260 billion, higher than last year's US$2.04 billion, and above the FactSet forecast of US$2.24 billion.

For 2025, Waste Connections ( WCN ) is guiding to full year revenue of US$9.45 billion to US$9.6 billion, and net income of US$1.2 billion to US$1.22 billion.

"Q4 provided a solid finish to a year of extraordinary accomplishments for Waste Connections ( WCN ) both financially, with double-digit growth in both revenue and adjusted EBITDA), and operationally, . . . , along with the integration of record levels of private company acquisition activity, which totaled approximately $750 million in annualized revenues in 2024," said chief executive Ronald Mittelstaedt.

The company will pay its regular quarterly dividend of US$0.315 per share on March 13.

Waste Connections ( WCN ) was last seen down US$0.24 to US$189.74 in U.S. after-hours trading. They closed down $0.33 to $271.02 on the Toronto Stock Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US carbon pipeline company pledges no oil recovery, but Bakken drillers want it
US carbon pipeline company pledges no oil recovery, but Bakken drillers want it
Mar 11, 2024
(Reuters) - Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields. But Summit has a different message for prospective clients, including North Dakota's oil sector, according to a...
Austria's RBI says media reports on US sanctions threat are wrong
Austria's RBI says media reports on US sanctions threat are wrong
Mar 11, 2024
VIENNA, March 11 (Reuters) - Media reports saying there is a specific sanctions threat from the U.S. Treasury against Raiffeisen Bank International are wrong, the Austrian bank said in a statement on Monday. Media reports implying that the U.S. Treasury has made allegations of sanctions violation or evasion against RBI are also false, RBI said. ...
BRIEF-Reddit Inc Sees IPO Price Per Share Of Class A Common Stock Will Be Between $31 And $34
BRIEF-Reddit Inc Sees IPO Price Per Share Of Class A Common Stock Will Be Between $31 And $34
Mar 11, 2024
March 11 (Reuters) - Reddit Inc: * REDDIT INC - ANTICIPATE IPO PRICE PER SHARE OF CLASS A COMMON STOCK WILL BE BETWEEN $31 AND $34 * REDDIT INC: OFFERING 15.3 MLN CLASS A SHARES & SELLING STOCKHOLDERS OFFERING 6.7 MLN SHARES OF CLASS A COMMON STOCK * REDDIT-HOLDERS OF OUR OUTSTANDING CLASS B COMMON STOCK WILL HOLD ABOUT 97.1%...
Reddit targets up to $6.4 billion valuation in much-awaited US IPO
Reddit targets up to $6.4 billion valuation in much-awaited US IPO
Mar 11, 2024
(Reuters) -Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts of the last few years. The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced...
Copyright 2023-2026 - www.financetom.com All Rights Reserved