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FINWIRES

Waste Connections Up 2.9% After Hours as It Posts Higher Adjusted Earnings and Revenue for the First Quarter

-- Waste Connections (WCN.TO, WCN) was up 2.9% in after-hours Nasdaq trading Wednesday as it reported higher first-quarter adjusted earnings and revenue.

The waste-management company's adjusted net income, which excludes most one-time expenses, rose to US$314.9 million, or US$1.23 per share, from US$293.1 million, or US$1.13, a year ago. FactSet projected US$1.19 per share.

Revenue increased to US$2.37 billion from US$2.23 billion in the year-ago quarter. FactSet expected US$2.35 billion.

"We're extremely pleased by the strong start to 2026 and remain well-positioned for the full year, with upside potential from commodity-related impacts, solid waste organic growth and additional acquisitions," Chief Executive Ronald Mittelstaedt said.

"In spite of geopolitical instability, our results reflect consistency of execution as we continue to benefit from operating momentum from improved employee engagement, with safety performance at record levels and voluntary turnover now below 10%," he added.

The company's shares were last seen up US$4.49 to US$161.00 after hours. They closed down $2.12 to $213.71 on the Toronto Stock Exchange.

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