Recovering commodity prices and returning volumes contributed to a significant Q2 for Waste Connections, Inc. (TSX/NYSE: WCN).
Revenue in Q2 2021 increased to $1.534 billion, up 17.5%, or from $1.306 billion year over year (YOY). Solid waste pricing, volume growth and recovering commodity values contributed to the company’s success in the second quarter.
CEO Worthing Jackman indicated that the trends drove year-to-date adjusted EBITDA margin expansion of 110 basis points. Q2 adjusted EBITDA reached $484.9 million, or 31.6% of revenue, up from $394.3 million and 30.2% of revenue YOY.
