Key Developments: Waste Connections Inc (WCN)
40.35USD
22 May 2013
$-0.18 (-0.44%)
$40.53
$40.62
$41.02
$40.28
441,751
525,918
$41.02
$28.70
Latest Key Developments (Source: Significant Developments)
Waste Connections Inc Issues Q2 2013 Guidance Below Analysts' Estimates; Comments On Q2, Q3 2013 Charge Guidance-Conference Call
Waste Connections Inc announced that for the second quarter of 2013, it expects revenue to be between $480 million and $482 million, adjusted EBITDA is estimated to be between $164 million and $155 million, operating income is estimated to be about 21.6% of revenue. The Company expect to take a one-time charge to write down its prior corporate office lease in California. This charge is expected to occur in either the second or third quarter of 2013, and is estimated to be between $8 million and $10 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $489 million, EBITDA of $172 million and operating income of $110 million for the second quarter of 2013. Full Article
Waste Connections Inc Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Waste Connections Inc announced that for fiscal 2013, it expects revenue to be between $1.925 billion and $1.950 billion, operating income is estimated to be approximately 22.0% of revenue. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $1.980 billion and operating income of $452 million for fiscal 2013. Full Article
Waste Connections Inc Announces Quarterly Cash Dividend
Waste Connections Inc announced that Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the Company's common stock. The dividend will be paid on February 19, 2013, to stockholders of record on the close of business on February 5, 2013. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend. Full Article
Waste Connections Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Waste Connections Inc announced that for the fourth quarter of 2012, it expects revenue to be between $401 million and $403 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $417 million for the fourth quarter of 2012. Full Article
Waste Connections Inc Announces Agreement To Acquire R360 Environmental Solutions, Inc.'s Business And Operating Subsidiaries
Waste Connections Inc announced that it has entered into an agreement to acquire the business and operating subsidiaries of R360 Environmental Solutions, Inc. for approximately $1.3 billion in cash. Closing is expected to occur in the fourth quarter of 2012. Full Article
Waste Connections, Inc. Updates FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates; Issues Q3 2012 Guidance In Line With Analysts' Estimates-Conference Call
Waste Connections, Inc. announced that for fiscal 2012, it expects revenue to be between $1.62 billion and $1.625 billion, a $5 million to $10 million increased over the Company's original outlook for fiscal 2012. Adjusted operating income before depreciation amortization and accretion is estimated to be about 31.8% of revenue for the full-year, reflecting current commodity values. For the third quarter of 2012, it expects revenue to be between $422 million and $424 million and operating income for the third quarter is estimated to be about 20.9% of revenue. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.614 billion for fiscal 2012; revenues of $423 million for the third quarter of 2012. Full Article
Waste Connections, Inc. Issues Q2 2012 Guidance-Conference Call
Waste Connections, Inc. announced that for the second quarter of 2012, it expects revenue to be between $407 million and $410 million, organic growth to range between flat and 0.5%, Operating income before depreciation, amortization and accretion to be between $131 million and $132 million, operating income to be about 21% of revenue. Full Article
Waste Connections, Inc. Announces Regular Quarterly Cash Dividend
Waste Connections, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.09 per share on the Company's common stock. The dividend will be paid on May 23, 2012, to stockholders of record on the close of business on May 9, 2012. Full Article
Waste Connections, Inc. Announces Common Stock Offering
Waste Connections, Inc. announced it intends to issue 12 million shares of its common stock in a public offering. All of the shares will be issued under Waste Connections' currently effective shelf registration statement filed with the Securities and Exchange Commission. Waste Connections intends to use the net proceeds to repay the unhedged portion of the outstanding borrowings under its senior revolving credit facility and to use any remaining net proceeds for general corporate purposes, which may include acquisitions of additional assets or businesses, the repayment of other indebtedness, capital expenditures and increasing working capital. Morgan Stanley is acting as the sole underwriter for the offering. Full Article
Waste Connections, Inc. Issues FY 2012 Revenue Guidance; Comments On FY 2012 Earnings Guidance
Waste Connections, Inc. announced that for fiscal 2012, it expects revenue to be approximately $1.615 billion, operating income (EBIT) to be approximately 21.0% of revenue, net income attributable to noncontrolling interests to reduce net income by approximately $1.2 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.609 billion, EBIT of $342.25 million and net income of $177.82 million for fiscal 2012. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
