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Spencer Platt via Getty Images Editor’s Note: Waste and recycling are inherently local issues in the United States, and we’re looking for new ways to highlight how these stories fit into broader trends. Send us your tips or feedback at [email protected]. New York, other regional reopenings poised to shift commercial waste trends Commercial waste volumes are primed for a comeback as some local leaders set official dates for rolling back coronavirus-era business restrictions and move toward full ‘reopenings.’ At least 45% of the U.S. population is now partially vaccinated against COVID-19. Chicago Mayor Lori Lightfoot said this week the city’s goal is to reopen by July 4, while other cities like Philadelphia are yet to set specific dates. In the most populous U.S. city, Mayor Bill de Blasio last week announced a target for New York City to be fully reopened by July 1. Gov. Andrew Cuomo this week followed up w ....
$160.3M Waste Connections started 2021 with a “better than expected” recovery from the pandemic, CEO Worthing Jackman said during the company’s first quarter earnings call on Thursday. Jackman attributed the positive results to better commodity values, increased roll-off activity, solid waste pricing retention and increased solid waste volumes as more communities continue to recover from the pandemic. Although volumes were still lower than in the first quarter of 2020, the company has seen trends turn positive since March and is actively hiring to accommodate more demand into the summer months. We are encouraged by improving macro trends and our strong operating and financial performance, Jackman said in opening remarks. ....
Waste Connections Waste Connections reported its first quarter results this week exceeding analyst expectations amid accelerating revenue and margin growth coming out of the COVID-19 pandemic. On the company first quarter earnings call, Waste Connections president and CEO Worthing Jackman cited strong solid waste pricing growth, solid waste pricing retention, accelerating volume growth, and increased recovery values as key drivers behind the outsized performance. The company also declared a regular quarterly cash dividend of $0.205 U.S. per common share. Some highlights include: Revenue of $1.396 billion, up 3.3% from $1.352 billion a year ago Net cash provided by operating activities of $400.4 million, up 8.3% from $369.6 million a year ago ....
Waste Connections Inc (WCN) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.