Waste Connections Announces Strong Finish to 2024
Fourth Quarter and Full Year Highlights
Strong finish to the year led by solid execution and accelerating improvement in operating trends in the fourth quarter, providing momentum for 2025
Waste Connections, Inc. announced its results for the fourth quarter of 2024, showcasing a strong finish to the year with solid execution and accelerating improvement in operating trends. The company reported full year 2024 revenue of $8.920 billion, marking an impressive 11.2% increase year over year. Net income reached $617.6 million, with adjusted net income of $1.239 billion, and adjusted EBITDA of $2.902 billion, up 15.0% and 32.5% of revenue, respectively. The net cash provided by operating activities totaled $2.229 billion, with adjusted free cash flow of $1.218 billion. Additionally, Waste Connections saw a record year of private company acquisitions, adding approximately $750 million in annualized revenue.
The company expects to continue its growth trajectory in 2025, with revenue projected in the range of $9.45 billion to $9.60 billion. Net income is forecasted to be between $1.186 billion and $1.224 billion, with adjusted EBITDA margin expansion of up to 80 basis points, or 33.3%. Net cash provided by operating activities is anticipated to fall within the range of $2.500 billion to $2.575 billion, with adjusted free cash flow ranging from $1.300 billion to $1.350 billion, or over $1.550 billion on a normalized basis. Waste Connections also anticipates ongoing acquisition-related dialogue and improving commodity-driven revenues, positioning the company for success in 2025.
How This Will Affect Me
As a consumer, the strong performance of Waste Connections indicates a stable and growing company that is well-positioned for continued success. This could lead to improved services and potentially lower costs for waste management in the future. Additionally, the company’s focus on acquisitions and revenue growth could signal potential job opportunities in the industry.
How This Will Affect the World
Waste Connections’ positive financial results and outlook for 2025 are indicative of a thriving waste management sector, which plays a crucial role in environmental sustainability and resource management. The company’s continued growth and expansion could lead to innovations in waste disposal and recycling practices, contributing to a cleaner and more sustainable world.
Conclusion
In conclusion, Waste Connections’ strong finish to 2024 and optimistic outlook for 2025 demonstrate the company’s commitment to growth and success in the waste management industry. With a focus on financial performance, operational excellence, and strategic acquisitions, Waste Connections is well-positioned for continued growth and innovation in the coming year.
