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Last $47.27 USD
Change Today +0.09 / 0.19%
Volume 420.7K
WCN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

waste connections inc (WCN) Snapshot

Open
$47.25
Previous Close
$47.18
Day High
$47.36
Day Low
$47.03
52 Week High
09/18/14 - $50.93
52 Week Low
01/14/15 - $42.05
Market Cap
5.9B
Average Volume 10 Days
588.8K
EPS TTM
$1.93
Shares Outstanding
123.9M
EX-Date
04/28/15
P/E TM
24.5x
Dividend
$0.52
Dividend Yield
1.07%
Current Stock Chart for WASTE CONNECTIONS INC (WCN)

waste connections inc (WCN) Related Businessweek News

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waste connections inc (WCN) Details

Waste Connections, Inc., an integrated municipal solid waste (MSW) services company, provides solid waste collection, transfer, disposal, and recycling services primarily in the United States. The company operates in four segments: Western, Central, Eastern, and Exploration and Production (E&P). It offers collection services to residential, commercial, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and load waste to be transported to landfills or treatment facilities via truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances that require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company provides container and chassis sales and leasing services to its customers. As of December 31, 2014, it owned or operated a network of 148 solid waste collection operations; 69 transfer stations; 7 intermodal facilities; 35 recycling operations; 58 active MSW, E&P, and/or non-MSW landfills; 22 E&P liquid waste injection wells; 17 E&P waste treatment and recovery facilities; 20 oil recovery facilities; and 2 development stage landfills. Waste Connections, Inc. was founded in 1997 and is headquartered in The Woodlands, Texas.

6,777 Employees
Last Reported Date: 02/10/15
Founded in 1997

waste connections inc (WCN) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $950.7K
President
Total Annual Compensation: $612.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $491.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $451.4K
Senior Vice President of Engineering & Dispos...
Total Annual Compensation: $352.3K
Compensation as of Fiscal Year 2014.

waste connections inc (WCN) Key Developments

Waste Connections Inc. Presents at Stifel Industrials Conference 2015, Jun-16-2015

Waste Connections Inc. Presents at Stifel Industrials Conference 2015, Jun-16-2015 . Venue: The New York Palace Hotel, 455 Madison Ave., New York, NY 10022, United States.

Waste Connections Inc. Intends to Issue and Sell $500 Million of Senior Unsecured Notes

On June 11, 2015, Waste Connections Inc. entered into a third supplement to master note purchase agreement with certain accredited institutional investors, pursuant to which, on August 20, 2015, the company intends to issue and sell to the investors $500 million of senior unsecured notes at fixed interest rates with interest payable in arrears semi-annually on February 20 and August 20 beginning on February 20, 2016 in a private placement in reliance on Section 4(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder. The third supplement was entered into pursuant to the terms and conditions of that certain master note purchase agreement, dated July 15, 2008, by and among the company and certain accredited institutional investors, as amended. The 2015A notes are one of a series of additional notes that may be issued pursuant to the master note agreement. The company intends to issue and sell two tranches of the 2015A notes: $125 million of the 2015A notes will mature on August 20, 2022 with an annual interest rate of 3.09%; and $375 million of the 2015A notes will mature on August 20, 2025 with an annual interest rate of 3.41%. The principal of each tranche of the 2015A notes is payable at the maturity of that tranche. The issuance and sale of the 2015A notes are subject to customary conditions more fully described in the third supplement. The 2015A notes are unsecured obligations and rank pari passu with the $600 million of existing notes outstanding under the master note agreement and the obligations under the company’s senior unsecured credit facility pursuant to its revolving credit and term loan agreement with Bank of America, N.A., as administrative agent, and the other lenders party thereto. The company intends to use the proceeds from the sale of the 2015A notes to reduce borrowings under its credit facility and for general corporate purposes, including acquisitions. The 2015A notes are subject to representations, warranties, covenants and events of default. Upon the occurrence of an event of default, payment of the 2015A notes may be accelerated by the holders of the 2015A notes. The 2015A notes may also be prepaid by the company at any time at par plus a make whole amount determined in respect of the remaining scheduled interest payments on the 2015A notes, using a discount rate of the then current market standard for United States treasury bills plus 0.50%. In addition, the company will be required to offer to prepay the 2015A notes upon certain changes in control. The company may issue additional series of senior unsecured notes pursuant to the terms and conditions of the master note agreement, provided that the purchasers of the outstanding notes, including the 2015A notes, shall not have any obligation to purchase any additional notes issued pursuant to the master note agreement and the aggregate principal amount of the outstanding notes and any additional notes issued pursuant to the master note agreement shall not exceed $1.25 billion. Following the issuance of the 2015A notes, the company will have $1.1 billion of notes outstanding under the master note agreement.

WCN Eyes Acquisitions

Waste Connections Inc. (NYSE:WCN) is looking for acquisition opportunities. The 2015A Notes are unsecured obligations and rank pari passu with the $600 million of existing notes outstanding under the Master Note Agreement and the obligations under WCN’s senior unsecured credit facility pursuant to its revolving credit and term loan agreement with Bank of America, N.A., as Administrative Agent, and the other lenders party thereto. WCN intends to use the proceeds from the sale of the 2015A Notes to reduce borrowings under its credit facility and for general corporate purposes, including acquisitions.

 

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WCN:US $47.27 USD +0.09

WCN Competitors

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Company Last Change
Casella Waste Systems Inc $5.61 USD +0.02
Clean Harbors Inc $52.76 USD -0.75
Progressive Waste Solutions Ltd C$33.44 CAD -0.12
Secure Energy Services Inc C$12.63 CAD -0.28
Stericycle Inc $134.64 USD -0.215
View Industry Companies
 

Industry Analysis

WCN

Industry Average

Valuation WCN Industry Range
Price/Earnings 25.0x
Price/Sales 2.8x
Price/Book 2.6x
Price/Cash Flow 11.8x
TEV/Sales 1.8x
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