Waste Connections Post Big Jump in First Quarter Earnings

Allan Gerlat, News Editor

April 25, 2013

1 Min Read
Waste Connections Post Big Jump in First Quarter Earnings

Waste Connections Inc. posted a big jump in net income for its first quarter.

The Woodlands, Texas-based Waste Connections said for the period ended March 31 net income climbed 32.8 percent to $41.6 million, or 34 cents per diluted share, compared with $31.2 million, or 27 cents per diluted share, in the year-ago period.

Revenue rose 19.5 percent to $449.9 million in the 2013 quarter compared with $376.4 million in the 2012 period, according to a news release.

"2013 is off to a great start as continued strong pricing growth, improving landfill volumes and ramping E&P (exploration and production) activity drove better-than-expected margins and free cash flow in the period,” said Ronald Mittelstaedt, Waste Connections chairman and CEO.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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