Waste Connections Q4: Strong Pricing Growth And Reduced Wage Inflation Pressure [Seeking Alpha]
Waste Connections, Inc. Common Shares (WCN)
Last waste connections, inc. common shares earnings: 2/12 04:10 pm
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US:NYSE Investor Relations:
wasteconnections.investorroom.com
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Source: Seeking Alpha
The company achieved significant core pricing growth and margin expansion for the full year. WCN maintains a robust balance sheet and has consistent growth in the post-pandemic era. I presented my 'Buy' thesis for Waste Connections ( NYSE: WCN ) in my previous coverage , emphasizing the landfill issues in California and Texas were transient in nature. They reported their Q4 FY23 result on February 13th with robust revenue growth and margin expansion. I reiterate the 'Buy' rating, with a fair value of $175 per share. Strong Margin Expansion And Pricing Growth In Q4 FY23, Waste Connections achieved 6.4% internal sale growth with 8.7% price growth and -2.3% volume growth, as summarized in the table below. Notably, their adjusted income was up 24.2% year-over-year with significant margin expansion. For the full year, Waste Connections realized a 9.5% increase in core pricing growth alongside a 2% volume decline, as shown in the chart below. The core pricing growth is primarily
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WCN
News
- Waste Connections, Inc. (NYSE: WCN) had its price target raised by analysts at BMO Capital Markets from $182.00 to $186.00. They now have an "outperform" rating on the stock.MarketBeat
- Waste Connections, Inc. (NYSE: WCN) had its price target lowered by analysts at Royal Bank of Canada from $196.00 to $195.00. They now have an "outperform" rating on the stock.MarketBeat
- Has Waste Connections, Inc. (NYSE:WCN) Stock's Recent Performance Got Anything to Do With Its Financial Health? [Yahoo! Finance]Yahoo! Finance
- Waste Connections (WCN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Waste Connections (WCN) Surpasses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
WCN
Earnings
- 4/24/24 - Beat
WCN
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- WCN's page on the SEC website