-- Q4 revenue of $336.0 million, up 8.4%, and operating margins above expectations -- Q4 GAAP EPS of $0.31 and adjusted EPS* of $0.32, up 33.3% over prior year period -- Full year revenue of $1.32 billion, up 10.8%, and adjusted EPS* of $1.24, up 26.5% -- Full year net cash provided by operating activities of $328.4 million -- Full year free cash flow* of $212.5 million, or 16.1% of revenue -- Repurchased almost 6% of outstanding common stock during the year -- Initiated regular quarterly cash dividend of $0.075 per share -- Expects continuing revenue, operating margin and free cash flow growth in 2011
Waste Connections, Inc. (NYSE: WCN) today announced its results for the fourth quarter of 2010. Revenue totaled $336.0 million, an 8.4% increase over revenue of $309.9 million in the year ago period. Operating income was $67.7 million, or 20.2% of revenue, versus $58.9 million in the fourth quarter of 2009. Net income attributable to Waste Connections in the quarter was $36.1 million, or $0.31 per share on a diluted basis of 115.3 million shares. In the year ago period, the Company reported net income attributable to Waste Connections of $23.3 million, or $0.19 per share on a diluted basis of 119.9 million shares. Shares and per share numbers reflect a three-for-two stock split effective November 12, 2010.