Waste Connections, Inc. (NYSE:WCN) Q3 2019 Earnings Conference Call October 29, 2019 8:30 AM ET
Company Participants
Worthing Jackman - President and Chief Executive Officer
Mary Anne Whitney - Chief Financial Officer
Conference Call Participants
Tyler Brown - Raymond James
Sean Eastman - KeyBanc Capital Markets
Michael Hoffman - Stifel
Derek Spronck - RBC
Brian Maguire - Goldman Sachs
Noah Kaye - Oppenheimer
Mark Neville - Scotiabank
Operator
Welcome to the Waste Connections Third Quarter 2019 Earnings Conference Call. During the presentation, all participants will be in a listen only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded Tuesday, October 29, 2019.
I would now like to turn the conference over to Worthing Jackman, President and CEO. Please go ahead.
Worthing Jackman
Okay. Thank you, operator and good morning everyone. I like to welcome everyone to this conference call to discuss our third quarter 2019 results and provide a detailed outlook for the fourth quarter, as well as some early thoughts on 2020. I'm joined this morning, the morning of Game 6, Go Astros, by Mary Anne Whitney, our CFO and several other members of our senior management team.
As noted in our earnings release, strong organic growth and solid waste and a sequential increase in E&P waste activity enabled us to deliver better than expected results in the period. Continued price led solid waste growth and a slight pull-forward of special waster activity drove underlying margin expansion in solid waste collection, transfer and disposal over an estimated 60 basis points in the quarter.
More importantly, adjusted free cash flow of 763 million year-to-date or 18.9% of revenue and up almost 13% year-over-year puts up firmly on track to meet or exceed the adjusted free cash flow outlook for the full-year that we
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