Waste Connections Reports First Quarter 2021 Results
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- Strong solid waste pricing growth, accelerating solid waste volumes and increased resource recovery values drive better than expected Q1 results, an expected 10% solid waste price plus volume growth in Q2, and improving outlook for 2021
- Revenue of $1.396 billion, exceeding outlook
- Net income
(a) of $160.3 million, and adjusted EBITDA
(b) of $433.2 million, or 31.0% of revenue, exceeding outlook and up 80 basis points year over year
- Net income and adjusted net income
(b) of $0.61 and $0.70 per share, respectively
- Net cash provided by operating activities of $400.4 million and adjusted free cash flow