Waste Connections is an integrated solid waste services company that provides solid waste collection, transfer,
disposal and recycling services in mostly secondary markets in the Western and Southern U.S. MORE >
THE WOODLANDS, TX, April 24, 2013 - Waste Connections, Inc. (NYSE: WCN) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the Company's common stock. The dividend will be paid on May 22, 2013, to stockholders of record on the close of business on May 8, 2013. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend.
Waste Connections, Inc. (NYSE: WCN) today announced its results for the first quarter of 2013. Revenue totaled $449.9 million, a 19.5% increase over revenue of $376.4 million in the year ago period. Operating income was $86.9 million compared to $65.1 million in the first quarter of 2012. Adjusted EBITDA* in the first quarter of 2013 was $146.1 million, up 25.6% over adjusted EBITDA* of $116.3 million in the prior year period. Adjusted EBITDA, a non-GAAP measure, excludes the impact of items such as acquisition-related costs and expenses incurred in connection with the relocation of our corporate headquarters from California to Texas, as shown in the detailed reconciliation in the attached table.
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