| Metric | Q2 2025 | Q2 2025 Estimate | Q2 2024 | Y/Y Change | | --- | --- | --- | --- | --- | | EPS (Non-GAAP) | $1.29 | $1.25 | $1.24 | 4.0% | | Revenue | $2.41 billion | $2.39 billion | $2.25 billion | 7.1% | | Adjusted EBITDA | $786 million | | $732 million | 7.4% | | Adjusted EBITDA Margin | 32.7% | | 32.6% | 0.1 pp | | Adjusted Free Cash Flow | $367 million | | $403 million | (9.0%) | About Waste Connections: Business Model and Strategic Focus Waste Connections (WCN -0.21%) is a leading North American ...

Waste Connections (WCN) reported $2.41 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 7.1%. EPS of $1.29 for the same period compares to $1.24 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.39 billion, representing a surprise of +0.74%. The company delivered an EPS surprise of +3.2%, with the consensus EPS estimate being $1.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Core Insights - Waste Connections reported strong second quarter results for 2025, with revenue of $2.407 billion, a 7.1% increase from $2.248 billion in the same period last year [2][6] - The company achieved a net income of $290.3 million, or $1.12 per diluted share, compared to $275.5 million, or $1.07 per diluted share, in the prior year [5][30] - Adjusted EBITDA for the quarter was $786.4 million, reflecting a 7.5% increase from $731.8 million in the previous year, with an adjusted EBITDA margin of 32.7% [3][6] Financial Performance - For the first half of 2025, revenue reached $4.635 billion, up from $4.321 billion in the same period last year [4][5] - Operating income for the first six months was $849.8 million, compared to $791.5 million in the prior year [4] - Adjusted net income for the first half was $626.2 million, or $2.42 per diluted share, compared to $588.7 million, or $2.28 per diluted share, in the previous year [7][30] Operational Highlights - The company experienced solid waste core pricing growth of 6.6%, contributing to margin expansion of approximately 70 basis points [1][6] - Employee retention and record low safety rates were noted as key factors driving performance [1][6] - Waste Connections completed approximately $200 million in annualized revenue from acquisitions, with a strong pipeline for further growth [1][6] Updated Outlook - The company maintains its full-year 2025 outlook, projecting approximately $9.45 billion in revenue and $3.12 billion in adjusted EBITDA, with an adjusted EBITDA margin of 33.0% [8][12] - Revenue growth is expected to be around 6%, with an adjusted EBITDA margin expansion of 50 basis points [1][8] - The outlook assumes no significant changes in the current economic environment or underlying trends [8][12]

The upcoming report from Waste Connections (WCN) is expected to reveal quarterly earnings of $1.25 per share, indicating an increase of 0.8% compared to the year-ago period. Analysts forecast revenues of $2.39 billion, representing an increase of 6.4% year over year.The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this p ...

Financial Results Announcement - Waste Connections, Inc. will report its financial results for the second quarter of 2025 after the stock market closes on July 23, 2025 [1] - An investor conference call will be held on July 24, 2025, at 8:30 A.M. Eastern Time to discuss the financial results [1] Conference Call Details - A live audio webcast of the conference call can be accessed via the company's investor website [2] - Participants can preregister for the conference call to receive dial-in instructions and a personalized code [2] - A replay of the conference call will be available until July 31, 2025, through specific phone numbers and a passcode [2] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, including resource recovery through recycling and renewable fuels generation [3] - The company serves approximately nine million customers across 46 states in the U.S. and six provinces in Canada [3] - Waste Connections emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business strategy, focusing on emissions reduction, resource recovery, and employee engagement [3]

Company Overview - Casella Waste Systems, Inc. is a regional solid waste, recycling, and resource management services company headquartered in Rutland, Vermont, serving over one million customers across ten eastern states and providing services to more than 10,000 locations nationwide [2][5]. Key Events - The company will ring the Opening Bell at the Nasdaq MarketSite on June 17, 2025, in celebration of its 50th Anniversary [1][2]. Sustainability Commitment - Casella has been recognized for its commitment to sustainability, having established Vermont's first recycling facility in 1977 and being a founding member of the EPA Climate Leaders program [3]. - The company has received a Climate Leadership Award for Excellence in Greenhouse Gas management, with its operations preventing an estimated 5.6 tons of greenhouse gas emissions for every ton emitted [3]. Employee Recognition - The company emphasizes the importance of its over 5,000 employees in achieving sustainability goals and recognizes their contributions on Global Garbageman Day, which coincides with National Waste and Recycling Workers' Week [4].

Core Points - Casella Waste Systems, Inc. has announced that three of its drivers have been honored by the National Waste & Recycling Association as part of the annual Drivers and Operators of the Year program, highlighting the company's commitment to excellence and safety in the waste management industry [1][2][3] Group 1: Awards and Recognition - The Driver of the Year awards recognize drivers who operate safely and responsibly, enhancing the image and safety culture of the waste industry, with categories for residential, commercial, and roll-off drivers at local, regional, and national levels [3] - The three recognized drivers are Frank Corl (Regional Commercial Driver of the Year), Juan Caraballo (Regional Commercial Honorable Mention), and Daniel Hale (Regional Roll Off Honorable Mention) [6] Group 2: Driver Profiles - Frank Corl has over 30 years of experience, known for exceptional service and customer satisfaction, demonstrating professionalism and leadership [8][9] - Juan Caraballo, with over 20 years of experience, is recognized for his dedication to customer service and safety, embodying the company's core values [11][12] - Daniel Hale has over 25 years of professional driving experience, known for his reliability and operational excellence, contributing significantly to team efficiency [14][15] Group 3: Company Overview - Casella Waste Systems, Inc. is headquartered in Rutland, Vermont, providing resource management services primarily in solid waste collection, disposal, recycling, and organics services across the eastern United States [15]

Economic Outlook - The probability of a U.S. recession in 2025 is decreasing from a peak of 60% to below 50% due to the Trump administration easing aggressive tariff policies, which has allowed the S&P 500 to recover from a correction in March [1] Company Analysis Walmart (WMT) - Walmart has historically thrived during recessions due to its essential grocery offerings and reputation for affordability, attracting budget-conscious customers [3] - Approximately two-thirds of Walmart's inventory is produced in the U.S., providing a buffer against global trade tensions [4] - Over the past year, Walmart has achieved a 47% return, significantly outperforming the S&P 500's 10% return, with analysts optimistic about steady growth in the coming months [4] HCA Healthcare (HCA) - HCA Healthcare is the largest non-governmental hospital chain in the U.S. and has shown resilience during economic downturns, particularly in critical care sectors [5] - The company reported a remarkable growth of +236.97% and aims for a 29% market share by 2030 [5] - Cantor Fitzgerald raised its price target for HCA from $405 to $444, indicating a potential 16% upside from the stock's previous closing price [6] Waste Management (WM) - Waste Management has experienced a +135.87% growth over the past five years, as demand for waste collection and recycling services remains stable during recessions [9] - The waste management industry is projected to grow at a compound annual growth rate (CAGR) of 5.4% by 2030, driven by advancements in recycling technologies and increasing environmental awareness [10] - Recent evaluations by JPMorgan indicate optimism regarding WM's growth prospects, with a valuation of approximately 16x forward-year EV/EBITDA and a free cash flow yield of 3% [11]

Group 1: Company Performance - Republic Services, Inc. (RSG) shares have increased by 35.7% over the past year, outperforming its industry and the Zacks S&P 500 composite, which grew by 11.6% and 13.2%, respectively [1] - Revenues are projected to grow by 5.3% in 2025 and 5.1% in 2026, while earnings are expected to rise by 6.7% in 2025 and 9.7% in 2026 [1][2] Group 2: Market Trends - The solid waste management market is anticipated to reach $77.3 billion by 2025 and $89.6 billion by 2030, growing at a CAGR of 3% from 2025 to 2030, providing opportunities for RSG to capture a larger market share [2] - Global municipal solid waste is projected to increase from 2.1 billion tons in 2023 to 3.8 billion tons by 2050, leading to higher collection frequency and increased demand for services, which will benefit RSG's collection segment that has contributed approximately 68% to its revenue over the past three quarters [3] Group 3: Shareholder Returns - RSG has consistently rewarded shareholders through dividend payments and share repurchase strategies, paying $592.9 million, $650 million, and $687 million in dividends in 2022, 2023, and 2024, respectively, along with share repurchases of $203.5 million, $261.8 million, and $482 million during the same period [4] Group 4: Competitive Landscape - The company faces significant competition, particularly from municipalities that conduct their own waste collection and disposal, which can threaten RSG's market share [7] - Increased competitive pressure necessitates innovation and cost efficiency, compelling the company to invest in technology and talent [7]

Core Points - Waste Connections, Inc. held its Annual Meeting of Shareholders where all eight director nominees were elected [1] - The voting results showed high approval rates for the nominees, with the highest being 99.17% for Cherlyn Harley LeBon and Carl D. Sparks [2] - Shareholders approved the compensation of named executive officers on a non-binding advisory basis and appointed Grant Thornton LLP as the independent registered public accounting firm for 2025 [3] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, serving approximately nine million customers across 46 states in the U.S. and six provinces in Canada [5] - The company emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business, focusing on long-term value creation, emissions reduction, and resource recovery [5]