Item 7.01 Regulation FD Disclosure.
During our earnings conference call on
(Dollar amounts are approximations)
For the first quarter of the year, we estimate our revenue to be approximately
Q1 2022 OUTLOOK NON-GAAP RECONCILIATION SCHEDULE (in thousands ofU.S. dollars, except where noted)
Reconciliation of Adjusted EBITDA:
Q1 2022 Outlook Estimates Observation Net income attributable to Waste Connections$ 183,500 Plus: Income tax Approximately 22% effective provision 51,750 rate Plus: Interest expense, net of interest income 40,000 Plus: Depreciation and Approximately 11.1% of depletion 179,000 revenue Approximately 2.3% of revenue, or$0.11 per Plus: Amortization 37,000 diluted share net of taxes Plus: Closure and post-closure accretion 3,750 Approximately 30.7% of Adjusted EBITDA$ 495,000 revenue
For the full year, in addition to the outlook provided in our Current Report on
Form 8-K filed with the
These estimates assume no change in the current economic environment. They also exclude any impact from additional acquisitions that may close during the remainder of the year, and expensing of transaction-related items during the period.
Adjusted EBITDA, a non-GAAP financial measure, is provided supplementally
because it is widely used by investors as a performance and valuation measure in
the solid waste industry. Management uses adjusted EBITDA as one of the
principal measures to evaluate and monitor the ongoing financial performance of
our operations. We define adjusted EBITDA as net income attributable to
This measure is not a substitute for, and should be used in conjunction with, GAAP financial measures. Other companies may calculate adjusted EBITDA differently.
The information furnished in Item 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section, and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Safe Harbor and Forward-Looking Information
This document contains forward-looking statements within the meaning of the safe
harbor provisions of the
performance. These forward-looking statements are often identified by the words
"may," "might," "believes," "thinks," "expects," "estimate," "continue,"
"intends" or other words of similar meaning. All of the forward-looking
statements included in this document are made pursuant to the safe harbor
provisions of the PSLRA and applicable securities laws in
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