NYSE$WCN

Waste Connections Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Waste Connections reported second quarter 2020 results, exceeding preliminary expectations, with revenue of $1.306 billion and adjusted EPS of $0.60. The company provided a full year 2020 outlook above May’s preliminary expectations.

Waste Connections reported Q2 2020 results with revenue exceeding expectations at $1.306 billion. Adjusted EPS was $0.60. The company also provided a full year 2020 outlook above preliminary expectations.

  • Revenue of $1.306 billion, exceeding preliminary expectations
  • Adjusted net income attributable to Waste Connections of $158.0 million, or $0.60 per share
  • Adjusted EBITDA of $394.3 million, or 30.2% of revenue, exceeding preliminary expectations
  • Provides full year 2020 outlook above May’s preliminary expectations

Headline financials

Total Revenue

$1.31B

Previous: $1.37B-4.7%
EPS (adj)

$0.60

Previous: $0.69-13.0%
Core Price Growth

4.5%

No prior period
Surcharges

-0.2%

No prior period
Volume

-9.6%

No prior period
Recycling

0.0%

No prior period
Total Internal Growth

-5.8%

No prior period
Capital Expenditures

-$269M

Previous: $140M-292.6%
Free Cash Flow

-$496M

Previous: $149M-433.1%
Net Income

-$227M

Previous: $149M-252.6%
Operating Income

-$232M

Previous: $222M-204.6%
Gross Profit

$520M

Previous: $554M-6.1%
Cash & Equivalents

$791M

Previous: $209M+277.9%
Total Assets

$13.6B

Previous: $13.1B+3.4%
Stock-Based Comp

$11.6M

Previous: $11.6M+0.0%

Revenue & EPS history

Waste Connections · Revenue · Quarterly

$1.31B

Q2 2020-4.7%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Waste Connections · $1.31B total across 5 segments · Q2 2020

  • Solid Waste Collection
    $945M
  • Disposal & Transfer
    $278M
  • E&P Waste
    $35.5M
  • Intermodal & Other
    $27.7M
  • Solid Waste Recycling
    $19.6M

Forward guidance

Waste Connections provided its outlook for 2020, which assumes no significant change in underlying economic trends. The Company’s outlook excludes any impact from additional acquisitions that may close during the year, and expensing of transaction-related items.

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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