Waste Connections, Inc. (WCN) CEO Worthing Jackman on Q1 2022 Results - Earnings Call Transcript

May 04, 2022 1:15 PM ETWaste Connections, Inc. (WCN), WCN:CA
SA Transcripts profile picture
SA Transcripts

Waste Connections, Inc. (NYSE:WCN) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET

Company Participants

Worthing Jackman - President, CEO & Director

Mary Whitney - EVP & CFO

Conference Call Participants

Toni Kaplan - Morgan Stanley

Walter Spracklin - RBC Capital Markets

Stephanie Yee - JPMorgan Chase & Co.

Noah Kaye - Oppenheimer

Michael Hoffman - Stifel, Nicolaus & Company

Kyle White - Deutsche Bank

Mario Cortellacci - Jefferies

Jerry Revich - Goldman Sachs Group

Sean Eastman - KeyBanc Capital Markets

Kevin Chiang - CIBC Capital Markets

Christopher Murray - ATB Capital Markets


Greetings, and welcome to the Waste Connections First Quarter 2022 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded today on Wednesday, May 4, 2022.

Now I would like to turn the conference over to Worthing Jackman, President and CEO. Please go ahead.

Worthing Jackman

Thank you, operator, and good morning. I'd like to welcome everyone to this conference call to discuss first quarter results and to provide a detailed outlook for the second quarter. Joining me this morning is Mary Whitney, our CFO. As noted in our earnings release, we are extremely pleased by our strong start to the year with record solid waste pricing growth, driving underlying margin expansion in spite of inflationary pressures.

Our 50 basis points year-over-year decline in adjusted EBITDA margin in the quarter included 90 basis points combined margin impact, as expected, from $10 million of COVID-related frontline support in January and acquisitions completed since the prior year period. Looking ahead, further sequential improvement in solid waste pricing growth, increasing E&P waste activity and strong operational execution should continue to differentiate our performance.

We are on track to meet or exceed our full year adjusted free cash flow outlook of $1.15 billion and the elevated

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.