Thu, Jul 25, 10:10 AM (44 days ago)
**Summary: Waste Connections, Inc. Q2 2024 Financial Overview** For the quarter ending June 30, 2024, Waste Connections, Inc. reported a revenue increase of 11.2% to $2.248 billion compared to Q2 2023. This growth was driven by acquisitions and price hikes, despite volume losses in residential and commercial collections. Operating income rose by 23.4% to $424.7 million, with a margin improvement to 18.8%. However, interest expenses increased by 22% due to higher borrowings and rates. The effective tax rate decreased to 22.6%, contributing to a net income rise of 31.7% to $275.4 million. Segment-wise, all regions showed revenue and EBITDA growth, with notable margin improvements in Canada and the Eastern segment. Future performance may be impacted by ongoing litigation and regulatory challenges, especially related to landfill operations and environmental compliance.