Waste connections reports second quarter 2022 results and raises full year outlook
Accelerating solid waste pricing growth and e&p waste activity drive better than expected q2 results revenue of $1.816 billion, up 18.4% net income (a) of $224.1 million, and adjusted ebitda (b) of $566.8 million, up 16.9% adjusted ebitda (b) margin of 31.2% of revenue, in line with outlook and flat year over year, excluding acquisitions net income of $0.87 per share, and adjusted net income (b) of $1.00 per share, up 23.5% year to date net cash provided by operating activities of $973.7 million and adjusted free cash flow (b) of $638.4 million, or 18.4% of revenue year to date signed or closed acquisitions with approximately $470 million of total annualized revenue increases full year 2022 outlook to revenue of approximately $7.125 billion, net income of approximately $837.5 million, adjusted ebitda (b) of approximately $2.190 billion, net cash provided by operating activities of approximately $1.974 billion and adjusted free cash flow (b) of approximately $1.160 billion toronto , aug. 2, 2022 /prnewswire/ -- waste connections, inc. (tsx/nyse: wcn) ("waste connections" or the "company") today announced its results for the second quarter of 2022 and updated its outlook for 2022. "accelerating solid waste pricing and e&p waste activity drove a top-to-bottom beat in the period.
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