Waste Connections Updates 2018 Outlook - Quick Facts

(RTTNews) - Waste Connections, Inc. (WCN) announced, for 2018, net income attributable to company is estimated to be approximately $559 million, and adjusted EBITDA is estimated to be approximately $1.555 billion, as compared to the original adjusted EBITDA outlook of $1.550 billion. Revenue is estimated to be approximately $4.880 billion, as compared to original revenue outlook of approximately $4.825 billion. Adjusted free cash flow is estimated to be approximately $860 million, as compared to original adjusted free cash flow outlook of approximately $850 million.

For the second quarter of 2018, adjusted net income attributable to Waste Connections was $172.3 million, or $0.65 per share, versus $145.5 million, or $0.55 per share, in the prior year period. Adjusted EBITDA was $395.5 million, as compared to adjusted EBITDA of $373.6 million in the prior year period.

Revenue in the second quarter totaled $1.240 billion, up from $1.176 billion in the year ago period.