- Waste Connections press release ( NYSE: WCN ): Q4 Non-GAAP EPS of $0.89 beats by $0.01 .
- Revenue of $1.87B (+15.4% Y/Y) beats by $20M .
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Full Year 2022 Highlights
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Revenue of $7.212 billion, up 17.2%
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Net income of $835.7 million, or $3.24 per share, and adjusted net income of $985.3 million, or $3.82 per share, up 18.3%
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Adjusted EBITDA of $2.221 billion, up 15.7%, and 30.8% of revenue, up 10 basis points year over year, excluding acquisitions
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Net cash provided by operating activities of $2.022 billion, up 19.1%, and adjusted free cash flow of $1.165 billion, up 15.4%
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Completes acquisitions with approximately $640 million of total annualized revenue in 2022
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Expectations for 2023
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Strong pricing and acquisition growth to drive both double-digit percentage increase in revenue, and adjusted EBITDA* margin expansion
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Revenue of approximately $8.05 billion, up 11.6%
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Net income of approximately $961 million and adjusted EBITDA of approximately $2.50 billion, or about 31.1% of revenue
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Additional acquisitions, increases in recycled commodities and renewable fuels values, or reduction of inflationary pressures to provide upside to 2023 outlook
For further details see:
Waste Connections Non-GAAP EPS of $0.89 beats by $0.01, revenue of $1.87B beats by $20M