NYSE$WCN
Waste Connections Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported strong first quarter results driven by solid waste pricing growth, accelerating solid waste volumes, and increased resource recovery values.
Waste Connections reported a strong first quarter in 2021, exceeding revenue and adjusted EBITDA outlook. Revenue reached $1.396 billion, and adjusted EBITDA was $433.2 million, representing 31.0% of revenue. Net income was $160.3 million, or $0.61 per share, while adjusted net income was $0.70 per share. Adjusted free cash flow was $289.8 million, or 20.8% of revenue.
- Revenue of $1.396 billion, exceeding outlook.
- Net income of $160.3 million, and adjusted EBITDA of $433.2 million, or 31.0% of revenue, exceeding outlook.
- Adjusted EBITDA margin in Q1 was 31.0%, up 80 basis points year over year.
- Adjusted free cash flow was $289.8 million, or 20.8% of revenue.
Headline financials
Revenue & EPS history
Waste Connections · Revenue · Quarterly
$1.4B
Revenue by segment
Waste Connections · $1.4B total across 5 segments · Q1 2021
- Solid Waste Collection$1.03B—74.0%
- Disposal & Transfer$271M—19.4%
- Intermodal & Other$35.6M—2.5%
- Solid Waste Recycling$31.5M—2.3%
- E&P Waste$24.7M—1.8%
Forward guidance
The company expects double-digit solid waste price plus volume growth in the second quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.4%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.3%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+8.1%
Q1 2026
Best reaction
-8.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.1% | +4.5% | -0.6% | |
| Q4 2025 | -8.2% | -6.1% | -3.0% | |
| Q3 2025 | +2.7% | +0.6% | +0.9% | |
| Q2 2025 | +0.0% | +0.6% | -4.7% | |
| Q1 2025 | +0.5% | -0.1% | +0.6% | |
| Q4 2024 | -0.6% | -1.2% | -2.5% | |
| Q3 2024 | -1.5% | -2.4% | +4.7% | |
| Q2 2024 | -2.9% | -2.7% | +3.2% | |
| Q1 2024 | -0.6% | -0.9% | -0.4% | |
| Q4 2023 | +6.3% | +8.7% | +9.6% | |
| Q3 2023 | -4.8% | -3.4% | -0.8% | |
| Q2 2023 | -1.5% | +0.2% | -2.5% | |
| Q1 2023 | -3.1% | -1.5% | -2.0% | |
| Q4 2022 | +1.2% | +1.1% | -0.2% | |
| Q3 2022 | +5.8% | +6.5% | +11.1% | |
| Q2 2022 | +2.7% | +4.7% | +5.5% | |
| Q1 2022 | -2.5% | -5.8% | -3.2% | |
| Q4 2021 | +0.7% | +1.2% | +15.5% | |
| Q3 2021 | +0.5% | +3.0% | +1.6% | |
| Q2 2021 | -1.2% | -1.8% | +2.9% | |
| Q1 2021 | +1.3% | +2.8% | +3.8% | |
| Q4 2020 | +1.3% | +0.4% | +4.6% | |
| Q3 2020 | -2.7% | -1.9% | +2.8% | |
| Q2 2020 | +0.7% | -1.6% | -2.0% | |
| Q1 2020 | +5.3% | +7.2% | +12.6% | |
| Q4 2019 | +3.1% | +4.1% | -11.0% | |
| Q3 2019 | +1.1% | +0.7% | -0.1% | |
| Q2 2019 | -3.3% | -5.0% | -3.8% | |
| Q1 2019 | +2.1% | +3.3% | +6.0% | |
| Q4 2018 | -4.6% | -2.5% | -0.6% | |
| Q3 2018 | +3.5% | +1.8% | +7.9% | |
| Q2 2018 | +1.7% | +0.8% | +1.6% | |
| Q1 2018 | +2.2% | +4.1% | +8.2% | |
| Q4 2017 | +0.7% | +3.6% | +7.3% | |
| Q3 2017 | +2.7% | +1.2% | -2.0% | |
| Q2 2017 | +3.3% | +1.8% | +1.3% | |
| Q1 2017 | +2.8% | +2.0% | +4.6% | |
| Q4 2016 | +3.7% | +4.5% | +3.9% | |
| Q3 2016 | -1.7% | -0.1% | +3.0% | |
| Q2 2016 | +3.2% | +5.0% | +6.8% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | -4.0% | — | — | |
| Q2 2015 | +2.1% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -1.5% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -0.0% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | -2.3% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | -3.4% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q2 2012 | +2.0% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | -0.6% | — | — | |
| Q1 2011 | -3.4% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q2 2010 | +6.9% | — | — | |
| Q1 2010 | -1.1% | — | — |
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