Waste Connections reports on fourth quarter
Waste Connections, Inc. announced
its results for the fourth quarter
2008. Revenue totaled $259.6 million,
a 4.8 percent increase over revenue
of $247.7 million in the year ago
period. Operating income was $49.3
million versus $49.7 million in 2007.
Net income in the quarter was $27.9
million, or $0.34 per share on a
diluted basis of 81.0 million shares.
For the year ended December 31, 2008,
revenue was $1.05 billion, a 9.5
percent increase over revenue of
$958.5 million in the year ago period.
Operating income was $212.4 million
versus $207.0 million for the same
period in 2007.
Net income for the year ended December
31, 2008, was $105.6 million, or
$1.48 per share on a diluted basis
of 71.4 million shares.
Waste Connections also announced
its outlook for 2009 assuming no
change in the current economic environment
or additional transaction costs.
Revenue is estimated to increase
14.5 percent to approximately
Depreciation and amortization
is estimated to be 10.5 percent
Operating income is estimated
to be approximately 20.5 percent
Capital expenditures are estimated
to be approximately $125 million.
Diluted shares outstanding are
expected to average approximately