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Stock impact report

Waste Connections: Pricing Power, Margin Improvement Initiatives Drive A Positive Business Outlook [Seeking Alpha]

Waste Connections, Inc. Common Shares (WCN) 
Last waste connections, inc. common shares earnings: 2/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: wasteconnections.investorroom.com
Company Research Source: Seeking Alpha
PeopleImagesInvestment actionI recommended a buy rating for Waste Connections (TSX:WCN:CANYSE:last timethe business was fundamentally sound. Based on my current outlook and analysis of WCN, I continue to recommend a buy rating as the business continues to execute as planned, increasing margin by shedding low-margin contracts and pushing out price increases at a higher magnitude vs. peers. I expect valuation to continue sustaining at a premium level for the foreseeable future.ReviewDespite a decline in volume of1.9%2Q23 resultssuspect it is more likely attributable to the deliberate elimination of contracts with low margins. Since inflation shows no signs of abating, I believe WCN will reap the benefits of price increases for the foreseeable future. GFL Environmental (), Waste Management (WM), and Casella Waste Systems (CWST) all reported price increases of 9.3%, 5.8%, and 7.7%, respectively, in 2Q23, illustrating a similar trend in the waste management industry. The fact that WCN demo Show less Read more
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