Waste Connections Inc (NYSE:WCN)
$ 165.66 -0.43 (-0.26%) Market Cap: 42.73 Bil Enterprise Value: 50.83 Bil PE Ratio: 53.79 PB Ratio: 5.49 GF Score: 92/100
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Q1 2022 Waste Connections Inc Earnings Call Transcript

May 04, 2022 / 12:30PM GMT
Release Date Price: $131.11 (-2.12%)
Operator

Greetings, and welcome to the Waste Connections First Quarter 2022 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded today on Wednesday, May 4, 2022.

Now I would like to turn the conference over to Worthing Jackman, President and CEO. Please go ahead.

Worthing F. Jackman
Waste Connections, Inc. - President, CEO & Director

Thank you, operator, and good morning. I'd like to welcome everyone to this conference call to discuss first quarter results and to provide a detailed outlook for the second quarter. Joining me this morning is Mary Anne Whitney, our CFO.

As noted in our earnings release, we are extremely pleased by our strong start to the year with record solid waste pricing growth, driving underlying margin expansion in spite of inflationary pressures. Our 50 basis points year-over-year decline in adjusted EBITDA margin in the quarter included 90 basis points combined margin impact, as expected, from $10 million of COVID-related frontline support in January and acquisitions completed

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