Waste connections reports fourth quarter 2023 results and provides 2024 outlook

Fourth quarter highlights revenue of $2.036 billion, up 8.9% year over year net income(a) of $126.8 million, and adjusted ebitda(b) of $656.0 million, up 16.4% year over year adjusted ebitda(b) margin of 32.2% of revenue, up 200 basis points year over year momentum from accelerating margin expansion and acquisition activity sets up 2024 for outsized growth full year 2023 highlights revenue of $8.022 billion, up 11.2% year over year net income of $762.8 million, and adjusted net income(b) of $1.081 billion adjusted ebitda(b) of $2.523 billion, up 13.6%, and 31.5% of revenue, up 70 basis points year over year net cash provided by operating activities of $2.127 billion and adjusted free cash flow(b) of $1.224 billion completes acquisitions with approximately $215 million of total annualized revenue in 2023 expectations for 2024 adjusted ebitda growth of over 13% outsized adjusted ebitda(b) margin expansion of 120 basis points, or 32.7% revenue contribution of approximately 4% from acquisitions already completed additional acquisitions, further increases in values for recovered commodities or reduction of inflationary pressures to provide upside to 2024 outlook   toronto , feb. 13, 2024 /prnewswire/ -- waste connections, inc. (tsx/nyse: wcn) ("waste connections" or the "company") today announced its results for the fourth quarter of 2023 and outlook for 2024.    "adjusted ebitda(b) margin expansion of 200 basis points in q4 capped off a remarkable year for waste connections, driven by solid execution and continued improvement in operating trends.
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