Waste Connections Inc

Strong Q1 Performance: Waste Connections reported Q1 revenue of $2.228 billion, a 7.5% year-over-year increase, surpassing expectations. Core solid waste pricing rose to 6.9%, indicating robust pricing strategies despite a 2.8% decline in volumes partially due to weather impacts.

Adjusted EBITDA Margins: The company achieved an adjusted EBITDA margin of 32%, representing a 60 basis points year-over-year improvement. This increase was driven by solid waste margin expansion and successful acquisition integrations, overshadowing pressures from lower commodity prices and foreign exchange impacts.

Employee Retention and Safety: Employee retention improved for the tenth consecutive quarter, with voluntary turnover down to below 12%. This increase in retention is linked to better operational performance, reduced overtime costs, and enhanced employee morale, positively impacting customer satisfaction and safety performance which has also reached historic lows.