Waste Connections, Inc. Q4 2025 Earnings Call Summary

Achieved record-low employee turnover and safety incident rates, which management identifies as the primary driver for cost savings in labor, repairs, and risk management. Delivered 100 basis points of underlying solid waste margin expansion by maintaining a disciplined price-cost spread of 150 to 200 basis points despite volume sluggishness. Attributed outperformance to internal operational improvements that successfully offset headwinds from multiyear lows in recycled commodity values and renewable ...