Overview

* Waste Connections ( WCN ) Q3 revenue of $2.458 bln beats analyst expectations

* Waste management firm's adjusted EBITDA for Q3 exceeds expectations, reflecting strong operational performance

* Company increased quarterly dividend by 11.1% and repurchased 1% of shares

Outlook

* Company maintains full-year 2025 outlook as provided in July

Result Drivers

* OPERATING TRENDS - Improved operating trends and cost management drove better than expected results

* SAFETY AND TURNOVER - Record low safety incident rates and reduced employee turnover contributed to margin expansion

* ACQUISITIONS - Ongoing acquisition activity supported growth strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.45 $2.44

Revenue bln bln (13

Analysts

)

Q3 $372 mln

Adjusted

Net

Income

Q3 Net $286.27

Income mln

Q3 $830.30

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Waste Connections Inc ( WCN ) is C$273.22, about 10.6% above its October 20 closing price of C$244.20

* The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)