Waste Connections Inc

WCN: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 314.00	Svygk	Vqfbyng

Waste Connections Earnings: Well Positioned After Strong Execution During the First Quarter

Brian Bernard ,

Apr 26, 2024

Wide-moat-rated Waste Connections reported robust first-quarter results as revenue and adjusted EBITDA increased 9% and 15%, respectively. Both revenue and adjusted EBITDA came in above prior guidance; however, adjusted EBITDA missed the FactSet consensus estimate by 2%. Nonetheless, our underlying thesis for the company is unchanged. As such, we don't expect to materially change our fair value estimate, save for a time value of money adjustment.

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