By Adriano Marchese


Shares in Waste Connections Inc. rose in early trading Thursday after the company said revenue and earnings beat expectations in the fourth quarter, and that it expects growth in 2022.

At 9:44 a.m. ET, TSX-listed shares were up 2% at C$154.73.

The integrated waste services company reported revenue of $1.62 billion, up from $1.4 billion in the prior-year period.

Analysts polled on FactSet expected revenue to be around $1.59 billion.

Adjusted earnings per share was 83 cents, up from 68 cents, beating analyst expectations of 82 cents.

Waste Connections also set its outlook for 2022, expecting revenue to be $6.88 billion in the year. In 2021, revenue rose to $6.15 billion from $5.45.

Net income is forecast to rise to $846 million from $618 million in 2021.

Adjusted earnings before interest, taxes, depreciation and amortization also is expected to rise, setting a guidance of $2.15 billion compared with $1.92 billion in 2021.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

02-17-22 1011ET