Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.34B | 4% |
| Gross Profit | 726M | 7.8% |
| Cost of Revenue | 1.61B | 2.4% |
| Operating expense | 269M | 1.9% |
| Net Income | 308M | 11.8% |
| EBITDA | 448M | 36.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 20.1B | 4.1% |
| Total Liabilities | 11.8B | 4.6% |
| Total Equity | 8.26B | 3.5% |
| Shares Outstanding | 258M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 558M | 8.7% |
| Cash from investing | -852M | 85.3% |
| Cash from financing | 338M | 291.7% |
EPS
Financial Highlights for Waste Connections in Q3 '24
Waste Connections reported a revenue of 2.34B, which is a 4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 726M, marking a 7.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.61B, a 2.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 269M, showing a -1.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 308M, showing a 11.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 448M, showing a 36.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Waste Connections with growth in revenue, gross profit, and net income.
