Waste Connections Inc (FRA:UI51)
€ 167.05 -2.3 (-1.36%) Market Cap: 42.32 Bil Enterprise Value: 50.34 Bil PE Ratio: 46.99 PB Ratio: 5.34 GF Score: 91/100

Q3 2023 Waste Connections Inc Earnings Call Transcript

Oct 26, 2023 / 12:30PM GMT
Release Date Price: €123.05 (-4.35%)
Operator

Good day, and welcome to the Waste Connections, Inc. Third Quarter 2023 Earnings Conference Call. (Operator Instructions) Please note today's event is being recorded.

I'd now like to turn the conference over to Ron Mittelstaedt, President and CEO. Please go ahead.

Ronald J. Mittelstaedt
Waste Connections, Inc. - Founder, CEO, President & Director

Okay. Thank you, operator, and good morning. I'd like to welcome everyone to this conference call to discuss our third quarter results and to provide a detailed outlook for the fourth quarter, as well as some early thoughts about 2024. I'm joined this morning by Mary Anne Whitney, our CFO; as well as other members of our leadership team.

As noted in our earnings release, we are extremely pleased by the durability of our financial and operating results in the quarter, with momentum for continued outsized margin expansion. Solid operational execution drove adjusted EBITDA margin of 32.5% in the third quarter, as expected, up about 140 basis points sequentially and up 120 basis points year-over

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