Imperial Capital Raises Price Target on Waste Connections (WCN) to $85 Following 2Q Report

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Go back to Imperial Capital Raises Price Target on Waste Connections (WCN) to $85 Following 2Q Report

Waste Connections Announces Normal Course Issuer Bid For Share Repurchases

August 3, 2016 4:06 PM EDT

TORONTO, Aug. 3, 2016 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) (the "Company") today announced it has received approval from the Toronto Stock Exchange (the "TSX") to commence a normal course issuer bid (the "NCIB").  Pursuant to the NCIB, Waste Connections proposes to purchase through the facilities of the TSX, the New York Stock Exchange (the "NYSE") and/or alternative Canadian trading systems, from time to time over the next 12 months, if considered advisable, up to 8,770,732 common shares, being 5% of its 175,414,653 issued and outstanding shares as of August 2,... More

Waste Connections Reports Second Quarter 2016 Results

August 3, 2016 4:06 PM EDT

- Revenue of $727.6 million, exceeding outlook

- Reports 5.0% solid waste price + volume growth

- Net income of $27.5 million, or $0.20 per share

- Adjusted net income* of $93.2 million, or $0.66 per share

- Adjusted EBITDA* of $233.6 million, or 32.1% of revenue, exceeding outlook

- YTD net cash provided by operating activities of $259.6 million

- YTD adjusted free cash flow* of $234.4 million, or 18.9% of revenue

- Integration of Progressive Waste on track; contribution ahead of expectations

- Authorizes share repurchase program

... More