Thanks
FSV has been posted; WCN EPS of $1.24 beat estimates of $1.17. Revenue of $320M beat estimates of $298.8M. EBITDA of $731.8M beat by 1.4%. Waste Connections' earnings beat and guidance raise suggests it's still performing well despite signs of a slowing economy. Organic revenue growth accelerated, with moderating volume declines offsetting a slight drop in core price. Ebitda margin expanded 150 bps, similar to 1Q, reflecting increases in solid waste and recycling prices. Guidance for 2024 was increased modestly, with expectations of midteens Ebitda growth for the full year, including 3Q. Free cash flow advanced despite increased growth capex, approaching 50% of Ebitda. This supported the acquisition of $650 million of annual revenue, including pending deals. Leverage ended the quarter at 2.8x, within target levels, supporting additional M&A outlays, which continue to take precedence over buybacks. Things look solid here.