Dive Brief:
- Waste Connections, Inc. reported strong fourth quarter results for 2014.
- Revenue for the quarter was at $526.2 million, yielding an 8.3% increase from $485.9 in the same quarter of 2013. Operating income reached $114 million for Q4, compared to $99.4 million the year before.
- Adjusted EBITDA was $178.2 million in the fourth quarter of 2014, compared to $164.5 million in 2013. Both figures represented 33.9% of revenue.
Dive Insight:
Waste Connections is a solid waste services company providing solid waste collection, transfer, disposal and recycling services in the U.S.
Ronald J. Mittelstaedt, Chairman and CEO of the company, said, “Q4 capped off an exceptional year for Waste Connections, with solid waste volume growth and increased E&P disposal activity once again driving better than expected revenue in the period and providing strong momentum into 2015… As we look at 2015, we believe our solid waste business is well positioned for continued strength in organic growth and margin expansion.”