Have you been paying attention to shares of Waste Connections (WCN) ? Shares have been on the move with the stock up 7.1% over the past month. The stock hit a new 52-week high of $181.39 in the previous session. Waste Connections has gained 20.9% since the start of the year compared to the 8.4% move for the Zacks Business Services sector and the 18.8% return for the Zacks Waste Removal Services industry. Valuation Metrics Waste Connections has a Value Score of C. The stock's Growth and Momentum Scores are B ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $2.073 billion, exceeding expectations by $23 million, and up $172 million or 9.1% year-over-year [23] - Adjusted EBITDA for Q1 was $650.7 million, a 14.8% increase year-over-year, with an adjusted EBITDA margin of 31.4%, up 160 basis points year-over-year [29] - Net interest expense increased by $10.8 million to $76.4 million due to higher outstanding debt and interest rates [30] - Adjusted free cash flow was approximately $325 million, aligning with expectations for the full year of $1.2 billion [32] Business Line Data and Key Metrics Changes - Solid waste organic growth was driven by a core pricing increase of 7.8%, with reported volume growth at negative 3.8% due to weather impacts [15][25] - Daily roll-off pulls decreased by 3% year-over-year, while daily landfill tons were down 6% [26] - Revenues from recycled commodities, landfill gas, and renewable energy credits increased by about 50% year-over-year [28] Market Data and Key Metrics Changes - The company expects total price growth for 2024 to be in the range of 6% to 7%, with 75% of core price already in place or specified by contract [24] - The impact of weather-related closures accounted for about 1% of volume losses in Q1 [25] Company Strategy and Development Direction - The company is focused on long-term value creation through acquisitions, with approximately $375 million in annualized revenue from completed acquisitions to date [19] - Development of renewable gas facilities is ongoing, with three expected to be operational this year, contributing an anticipated $200 million in annual EBITDA starting in 2026 [21] - The company aims to improve employee retention and safety through expanded training programs, including in-house driver academies [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding the full-year margin outlook of 32.7% due to improved employee retention, safety trends, and rising commodity values [4] - The company anticipates a sequential increase in reported volumes in Q2, assuming typical seasonal activity [17] - Management noted that new federal regulations regarding PFAS are expected to create a uniform playing field and potential M&A opportunities [48] Other Important Information - The company completed a public offering of $750 million in senior notes to reduce borrowing costs [30] - The effective tax rate for Q1 was just under 21%, benefiting from an investment tax credit associated with an RNG facility [31] Q&A Session Summary Question: Can you provide more detail on the margin improvement in Q1? - Management indicated that excluding weather impacts, normalized margins were up 200 basis points, with contributions from commodity-driven factors and acquisitions [43][44] Question: What are the implications of the new PFAS regulations? - Management believes the regulations will create opportunities for well-capitalized companies and does not expect significant capital cost increases [48][50] Question: Can you elaborate on the Q2 volume guidance? - Management indicated that the volume decline reflects margin opportunities and is influenced by M&A activity [56] Question: What is the expected contribution from recycled commodities and RINs in Q2? - Management expects the contribution from recycled commodities to decrease in Q2 compared to Q1, with underlying business growth driving margins [59] Question: How is the company addressing open positions and employee training? - Management reported a reduction in open positions to about 4% and aims for one-third of new hires to come from in-house training programs [70][71] Question: What is the outlook for M&A opportunities? - Management noted active discussions and signed LOIs across all regions, with a balanced approach to acquisitions [92]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents Commission file number 1-34370 WASTE CONNECTIONS, INC. (Exact name of registrant as specified in its charter) Ontario, Canada (State or o ...

Exhibit 99.1 WASTE CONNECTIONS REPORTS FIRST QUARTER 2024 RESULTS TORONTO, ONTARIO, April 24, 2024 - Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the first quarter of 2024. "We are extremely pleased by the strong start to the year driving better than expected operating and financial results, which, along with recently completed acquisitions, positions us well for the remainder of 2024. Adjusted EBITDA(b) margin expansion of 160 basis points t ...

Waste Connections, Inc. (NYSE:WCN) Q4 2023 Earnings Conference Call February 14, 2024 8:30 AM ET Company Participants Ron Mittelstaedt - President and Chief Executive Officer Mary Anne Whitney - Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James Toni Kaplan - Morgan Stanley Adam Bubes - Goldman Sachs Noah Kaye - Oppenheimer Kevin Chiang - CIBC Bryan Burgmeier - Citi John Mazzoni - Wells Fargo Michael Hoffman - Stifel Walter Spracklin - RBC Capital Markets James Schumm - TD Cowe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File No. 1-34370 WASTE CONNECTIONS, INC. (Exact name of registrant as specified in its charter) Ontario, Ca ...

Waste Connections, Inc. (NYSE:WCN) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Ron Mittelstaedt – President and Chief Executive Officer Mary Anne Whitney – Chief Financial Officer Conference Call Participants Toni Kaplan – Morgan Stanley Kevin Chiang – CIBC Jasper Bibb – Truist Securities Michael Hoffman – Stifel Bryan Burgmeier – Citi Tyler Brown – Raymond James Noah Kaye – Oppenheimer Jerry Revich – Goldman Sachs Stephanie Moore – Jefferies Stephanie Yee – JPMorgan Op ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-34370 WASTE CONNECTIONS, INC. (Exact name of registrant as specified in its charter) Ontario, Canada (State or ...

Waste Connections, Inc. (NYSE:WCN) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Ronald Mittelstaedt - Founder, CEO, President & Director Mary Whitney - EVP & CFO Conference Call Participants Toni Kaplan - Morgan Stanley Sean Eastman - KeyBanc Capital Markets Tyler Brown - Raymond James Noah Kaye - Oppenheimer Stephanie Yee - JPMorgan Chase & Co. Michael Hoffman - Stifel, Nicolaus & Company Harold Antor - Jefferies Kevin Chiang - CIBC Jerry Revich - Goldman Sachs Group Brya ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASTE CONNECTIONS, INC. (Exact name of registrant as specified in its charter) For the quarterly period ended June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-34370 Ontario, Canada (State or ot ...