Q1 2021 Waste Connections Inc Earnings Call Transcript

Apr 29, 2021 / 12:30PM GMT
Operator

Greetings, and welcome to the Waste Connections First Quarter 2021 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded on Thursday, April 29, 2021.

I would now like to turn the conference over to Worthing Jackman, President and CEO. Please go ahead.

Worthing F. Jackman - Waste Connections, Inc. - President, CEO & Director

Terrific. Thank you, operator, and good morning. I'd like to welcome everyone to this conference call to discuss our first quarter 2021 results and provide a detailed outlook for the second quarter. I'm joined this morning by Mary Anne Whitney, our CFO.

As noted in our earnings release, strong solid waste pricing growth, accelerating solid waste volumes and increased resource recovery values drove better-than-expected first quarter results and an improving outlook for 2021. These tailwinds, bolstered by strong solid waste pricing retention, drove adjusted EBITDA margin in Q1 up 70 basis points higher-than-expected and up 80 basis points year-over-year.

As Mary Anne

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