Waste Connections (WCN) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 8, 2026 astatine 10:34 AM CDT 61 min read

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Oct. 22, 2025 astatine 8:30 a.m. ET

• Chief Executive Officer — Ronald Mittelstaedt

• Chief Financial Officer — Mary Anne Whitney

Ronald Mittelstaedt: Thank you, operator, and bully morning. I would similar to invited everyone to this league telephone to sermon our 3rd 4th results and to supply immoderate thoughts astir the remainder of the twelvemonth and the setup for 2026. I'm joined this greeting by Mary Anne Whitney, our CFO, and respective different members of our elder management. As noted successful our release, superior execution drove better-than-expected fiscal results successful the 3rd quarter, bolstered by continued betterment successful operating trends. different quarterly measurement down successful worker turnover and caller grounds debased information incidental rates, unneurotic with beardown pricing execution -- retention drove adjusted EBITDA margins of 33.8%, reflecting underlying coagulated discarded borderline enlargement of astir 80 ground points successful the period.

I'm highly pleased by our team's efforts to flooded incremental commodity headwinds and ongoing uncertainty successful the system successful Q3 and to execute the results supra expectations. Assuming continuing trends and without further headwinds, we stay good positioned to present our afloat twelvemonth 2025 outlook arsenic provided successful July. Before we get into overmuch much detail, fto maine crook the telephone implicit to Mary Anne for our forward-looking disclaimer and different housekeeping items.

Mary Whitney: Thank you, Ron, and bully morning. The treatment contiguous during today's telephone includes forward-looking statements made pursuant to the harmless harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including forward-looking accusation wrong the meaning of applicable Canadian securities laws. Actual results could disagree materially from those made successful specified forward-looking statements owed to assorted risks and uncertainties. Factors that could origin existent results to disagree are discussed some successful the cautionary connection included successful our October 21 net merchandise and successful greater item successful Waste Connections filings with the U.S. Securities and Exchange Commission and the Securities Commissions oregon akin regulatory authorities successful Canada.

You should not spot undue reliance connected forward-looking statements arsenic determination whitethorn beryllium further risks of which we are not presently alert oregon that we presently judge are immaterial, which could person an adverse interaction connected our business. We marque nary committedness to revise oregon update immoderate forward-looking statements successful bid to bespeak events oregon circumstances that whitethorn alteration aft today's date. On the call, we volition sermon non-GAAP measures specified arsenic adjusted EBITDA, adjusted nett income attributable to Waste Connections connected some the dollar ground and per diluted stock and adjusted escaped currency flow. Please notation to our net releases for a reconciliation of specified non-GAAP measures to the astir comparable GAAP measures.