Waste Connections Q1 Beats Estimates, Stock +2.5%

Waste Connections reported Q1 adjusted EPS of $1.23, topping the $1.18 consensus estimate by $0.05.
Revenue reached $2.37 billion, up 6.4% YoY and exceeding the $2.35 billion forecast.
Adjusted EBITDA was $769.5 million, margin 32.5% (up 50 bps YoY), and the firm repurchased ~1% shares worth $360 million.
Quarterly dividend increased to $0.350 per share from $0.315, and net income fell to $219.3 million due to $80.4 million impairments.