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Waste Connections (NYSE:WCN) reported Q4 revenue of $532 million, better than the analyst consensus of $525 million on Capital IQ. Adjusted earnings were $0.49 per share, vs. expectations of $0.47 per share. For the full year 2016, the company expects revenue of $2.20 to $2.22 billion, in line with the Street view of $2.21 billion.
The stock decreased 1.91% or $1.11 during the last trading session, hitting $57.09. About 1.17M shares traded hands. Waste Connections, Inc. (NYSE:WCN) has risen 23.12% since July 2, 2015 and is uptrending. It has outperformed by 32.60% the S&P500.
Waste Connections, Inc., an integrated municipal solid waste (MSW) services company, provides solid waste collection, transfer, disposal, and recycling services primarily in the United States. The company operates in four segments: Western, Central, Eastern, and Exploration and Production (E&P). It offers collection services to residential, commercial, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
The company also owns and operates transfer stations that receive compact and load waste to be transported to landfills or treatment facilities via truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well’s operating life; contaminated soils that require treatment during site reclamation; and substances that require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company provides container and chassis sales and leasing services to its customers. As of December 31, 2014, it owned or operated a network of 148 solid waste collection operations; 69 transfer stations; 7 intermodal facilities; 35 recycling operations; 58 active MSW, E&P, and/or non-MSW landfills; 22 E&P liquid waste injection wells; 17 E&P waste treatment and recovery facilities; 20 oil recovery facilities; and 2 development stage landfills. Waste Connections, Inc. was founded in 1997 and is headquartered in The Woodlands, Texas.
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