Dive Brief:
- Waste Connections Inc., a solid waste firm based in The Woodlands, TX, released its Q3 earnings this moring. Net income for Q3 reached $60.1 million, or $0.48 per share; for the same time period one year ago, net income was $60.7 million, or $0.49 per share.
- Company revenue was reported at $546.6 million, an 8.5% increase compared to Q3 2013.
- Adjusted EBITDA for the third quarter increased to $192.3 million, up from adjusted EBITDA of $177.1 million last year.
Dive Insight:
Waste Connections’ revenue in Q3 surpassed results from Q2 2014, when revenue hit $524.7 million. After releasing third quarter results, the company CEO said that the waste firm remains “on track to exceed or to meet [its] original full year outlook for both revenue and EBITDA.”
From this quarter's results, it does appear that this prediction could turn into reality by the end of its fiscal year.