Waste Connections Raises Full Year Outlook - Quick Facts

(RTTNews) - Waste Connections, Inc. (WCN) announced the company now expects 2017 net income to be approximately $390 million and adjusted EBITDA to be approximately $1.450 billion, or about 31.7% of revenue, as compared to original adjusted EBITDA outlook of $1.410 billion.

Adjusted net income attributable to Waste Connections in the second quarter was $145.5 million, or $0.55 per share, versus $93.2 million, or $0.44 per share, in the prior year period. Adjusted EBITDA in the second quarter was $373.6 million, as compared to adjusted EBITDA of $233.6 million in the prior year period.

Revenue in the second quarter totaled $1.176 billion, up from $727.6 million in the year ago period. Revenue from the Progressive Waste acquisition completed on June 1, 2016, was $511.4 million and $174.0 million in the current year and prior year periods, respectively.