Waste Connections Inc: Key Developments
Waste Connections, Inc. Issues FY 2010 Guidance In Line With Analysts' Estimates
February 8, 2010 |
| Waste Connections, Inc. announced that for fiscal 2010, it expects revenue to be approximately $1.28 billion and operating income to be approximately 20.2% of revenue. According to Reuters Estimates, analysts were expecting the Company to report revenue of $1.29 billion and EBIT of $262.55 million for the same period. |
Waste Connections, Inc. Issues Q4 2009 Outlook Below Analysts' Estimates-Conference Call
October 27, 2009 |
| Waste Connections, Inc. announced that for the fourth quarter of 2009, it expects revenue to be between $307 and $309 million and operating income before depreciation, amortization and accretion is estimated to be between $93.5 and $94.5 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $95.9 million on revenue of $313 million for the same period. |
Waste Connections, Inc. Completes $175 Million Sale of 10 Year Senior Unsecured Notes
October 26, 2009 |
| Waste Connections, Inc. announced that it has completed a sale of notes under its existing Master Note Purchase Agreement in a private placement with certain institutional accredited investors. The Company issued and sold $175 million aggregate principal amount of senior unsecured notes at a fixed interest rate of 5.25% per annum with interest payable in arrears semi-annually on May 1 and November 1 beginning on May 1, 2010, and with principal payable at the maturity of the notes on November 1, 2019. Proceeds from the sale of the notes will be used to reduce borrowings under the Company's senior unsecured revolving credit facility and for general corporate purposes. |
Waste Connections, Inc. Increases Stock Repurchase Program
October 26, 2009 |
| Waste Connections, Inc. announced that its Board of Directors has authorized a $300 million increase to its ongoing common stock repurchase program, increasing the total authorized amount the Company may repurchase from $500 million to $800 million. The Board also extended the program's term through December 31, 2012. Prior to this increase, and as of September 30, 2009, the remaining maximum dollar value of shares available for repurchase under the program was approximately $40 million. Stock repurchases may be made in the open market or in privately negotiated transactions from time to time at management's discretion. The timing and amounts of any repurchases will depend on many factors, including the Company's capital structure, the market price of the common stock and overall market conditions. |
Waste Connections, Inc. Issues Q3 2009 Outlook Below Analysts' Estimates-Conference Call
July 22, 2009 |
| Waste Connections, Inc. announced that for the third quarter of 2009, it expects revenue to be between $312 and $315 million, operating income before depreciation and amortization and accretion to be between $98 and $99 million and operating income to be about 20.4% of revenue. According to Reuters Estimates, analysts on an average were expecting the Company to report EBIT of $66 million and EBITDA of $100 million on revenue of $317 million for the third quarter of 2009. |
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