Waste Connections: Revenue Growth And Margin Expansion Signaling Strong Future Performance

GS Investing
1.34K Followers

Summary

  • Waste Connections reported strong performance in Q3 2023, with revenue increasing by 9.8% and adjusted EBITDA increasing by 14.1% compared to the previous year.
  • The company saw growth in landfill gas sales and E&P waste revenue, showcasing its ability to capitalize on opportunities in renewable energy and waste management.
  • WCN's management has provided positive guidance for 2024, projecting high single-digit growth in adjusted EBITDA and mid- to high-single-digit growth in revenue, driven by solid waste management and acquisitions.

Devestating shot of plastic waste in the ocean. Water Pollution.

Wirestock/iStock via Getty Images

Investment action

I recommended a buy rating for Waste Connections (TSX:WCN:CA) stock when I wrote about it the last time, as I expected the company to adeptly execute its strategic plans, particularly in enhancing margins

This article was written by

1.34K Followers
I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuation

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About WCN Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on WCN

Related Stocks

SymbolLast Price% Chg
WCN
--
WCN:CA
--