Waste Connections Full Year 2024 Earnings: EPS Misses Expectations

Waste Connections (NYSE:WCN) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.92b (up 11% from FY 2023).
• Net income: US$617.6m (down 19% from FY 2023).
• Profit margin: 6.9% (down from 9.5% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.39 (down from US$2.96 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Waste Connections EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.

The primary driver behind last 12 months revenue was the Western segment contributing a total revenue of US$2.03b (23% of total revenue). Notably, cost of sales worth US$5.19b amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$974.0m (31% of total expenses). Explore how WCN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Waste Connections that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.