Company: WCN
Filing Date: 2025-02-13
Form Type: 8-K
Source: 0001558370-25-000911
Chunk: 0

Company: Waste Connections, Inc.
Filing Date: 2025-02-13
Form: 8-K
Item: Item 7.01
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Item 7.01 Regulation FD Disclosure.

During our earnings conference call on February 13, 2025, we highlighted the following outlook for the first quarter 2025.

(Dollar amounts are approximations)

For the first quarter of the year, we estimate our revenue to be in the range of $2.200 billion to $2.225 billion. Net income attributable to Waste Connections is estimated to be in the range of $241.0 million to $246.0 million. Adjusted EBITDA is estimated to be in the range of $700 million to $710 million, or 31.8% to 31.9% of revenue.

Q1 2025 OUTLOOK

NON-GAAP RECONCILIATION SCHEDULE

(in thousands of U. S. dollars, except where noted)

Reconciliation of Adjusted EBITDA:

                                                      Q1 2025 Outlook                                                                                                                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                      Estimates                                                                                                                        
                                                      Low                               High                   Observation                                                             
  Net income attributable to Waste Connections        $                    241,000      $         246,000                                                                              
  Plus: Income tax provision                                                72,000                 74,000      Approximately 23% effective rate                                        
  Plus: Interest expense, net of interest income                            80,000                 80,000                                                                              
  Plus: Depreciation and depletion                                         247,000                250,000      Approximately 11.2% of revenue                                          
  Plus: Amortization                                                        48,000                 48,000      Approximately 2.2% of revenue, or $0.13 per diluted share net of taxes  
  Plus: Closure and post-closure accretion                                  12,000                 12,000                                                                              
  Adjusted EBITDA                                     $                    700,000      $         710,000      Approximately 31.8% to 31.9% of revenue                                 

For the full year, in addition to the outlook provided in our Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2025, for solid waste, we expect price plus volume growth in the range of 4% to 5%, excluding about half a point volume impact from the closing of our Chiquita Canyon Landfill, on pricing of about 6.0%.

These estimates assume no change