Waste connections reports second quarter 2024 results and raises full year outlook
Continued momentum from solid execution, along with outsized acquisition activity, drives quarterly beat and increase to full year outlook revenue of $2.248 billion, above outlook and up 11.2% year over year net income(a) of $275.5 million, and adjusted ebitda(b) of $731.8 million, above outlook and up 16.4% adjusted ebitda(b) margin of 32.6% of revenue, above outlook and up 150 basis points net income of $1.07 per share, and adjusted net income(b) of $1.24 per share year to date net cash provided by operating activities of $1.102 billion and adjusted free cash flow(b) of $727.4 million, or 16.8% of revenue year to date signed and closed acquisitions with over $650 million of total annualized revenue updates full year 2024 outlook to net income of approximately $1.087 billion, increasing adjusted ebitda(b) to approximately $2.900 billion or 32.8% on revenue of approximately $8.850 billion toronto , july 24, 2024 /prnewswire/ -- waste connections, inc. (tsx/nyse: wcn) ("waste connections" or the "company") today announced its results for the second quarter of 2024 and increased its outlook for the full year. "solid operational execution supplemented by incremental acquisitions and increased commodity values drove an across the board beat in the second quarter, positioning us for an increase to our full year outlook.
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