Waste Connections, Inc. (NYSE:WCN) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET
Company Participants
Ron Mittelstaedt – President & Chief Executive Officer
Mary Anne Whitney – Chief Financial Officer
Conference Call Participants
Tyler Brown – Raymond James
Kevin Chiang – CIBC
Toni Kaplan – Morgan Stanley
Bryan Burgmeier – Citi
Jerry Revich – Goldman Sachs
Noah Kaye – Oppenheimer & Company
Konark Gupta – Scotiabank
Brian Butler – Stifel
Tobey Sommer – Truist
Operator
Good morning, everyone, and welcome to the Waste Connections Inc. Q4 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please also note today’s event is being recorded.
At this time, I’d like to turn the floor over to Ron Mittelstaedt, President and CEO. Sir, please go ahead.
Ron Mittelstaedt
Thank you, operator, and good morning. I would like to welcome everyone to this conference call to discuss fourth quarter results and our outlook for both the first quarter and full year 2025. I’m joined this morning by Mary Anne Whitney, our CFO; and several other members of our senior management.
As noted in our earnings release, Q4 provided a solid finish to year of extraordinary accomplishments for Waste Connections, both financially with double-digit growth in both revenue and adjusted EBITDA and operationally with accelerating improvements in employee engagement and retention, along with the integration of record levels of private company acquisitions, which totaled approximately $750 million in annualized revenue in 2024.
Most importantly, our continued focus on human capital resulted in multiyear lows for employee turnover, now down over 1,000 basis points from 2022 with the associated improvements in operational execution, providing momentum for another year of outsized margin expansion in 2025.
Price-led organic
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