Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Waste Connections Inc. reported better-than-expected results for the third quarter of 2025, driven by strong execution in operations, despite the prevailing economic uncertainties.</li><li>The company recorded a revenue of $2.458 billion for the quarter, representing a 5.1% year-over-year increase, supported by a 6.3% growth in solid waste pricing and acquisitions contributing $77 million in revenues.</li><li>However, reported volumes were slightly down by 2.7%, attributed to the strategy of shedding low-margin contracts and sluggishness in certain segments like construction-oriented activities.</li></ul>

Waste Connections Inc. reported better-than-expected results for the third quarter of 2025, driven by strong execution in operations, despite the prevailing economic uncertainties.The company recorded a revenue of $2.458 billion for the quarter, representing a 5.1% year-over-year increase, supported by a 6.3% growth in solid waste pricing and acquisitions contributing $77 million in revenues.However, reported volumes were slightly down by 2.7%, attributed to the strategy of shedding low-margin contracts and sluggishness in certain segments like construction-oriented activities.

Waste Connections: Expansion of Recycling & Waste Diversion Facilities

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/waste-connections-inc-e05f5fe3-131d-4efd-8688-7436d699a990">Waste Connections </a>has established a strong competitive position by focusing on secondary and rural markets, which often face less competition and allow for greater pricing power and higher margins.</li>
  <li>The company's growth strategy is heavily reliant on strategic acquisitions to expand its geographic footprint and achieve operational synergies, complemented by organic growth through pricing discipline.</li>
  <li>Consistent and robust free cash flow generation supports a growing dividend, share buybacks, and continued investment in acquisitions, highlighting the company's financial strength and disciplined capital allocation.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Waste Connections has established a strong competitive position by focusing on secondary and rural markets, which often face less competition and allow for greater pricing power and higher margins.
  The company's growth strategy is heavily reliant on strategic acquisitions to expand its geographic footprint and achieve operational synergies, complemented by organic growth through pricing discipline.
  Consistent and robust free cash flow generation supports a growing dividend, share buybacks, and continued investment in acquisitions, highlighting the company's financial strength and disciplined capital allocation.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Waste Connections  (WCN CN) - Sep 2025

<ul><li>Waste Connections, Inc. reported its second-quarter 2025 results, which exceeded the high end of their earlier outlook despite several challenges, such as lower-than-expected contributions from commodity-related activities and broader economic sluggishness.</li><li>The company achieved a 7.1% increase in revenue, driven primarily by a core pricing gain of 6.6% in solid waste operations.</li><li>This strong performance highlights the resilience of Waste Connections’ solid waste business against a backdrop of economic volatility.</li></ul>

Waste Connections, Inc. reported its second-quarter 2025 results, which exceeded the high end of their earlier outlook despite several challenges, such as lower-than-expected contributions from commodity-related activities and broader economic sluggishness.The company achieved a 7.1% increase in revenue, driven primarily by a core pricing gain of 6.6% in solid waste operations.This strong performance highlights the resilience of Waste Connections’ solid waste business against a backdrop of economic volatility.

Waste Connections Inc. Accelerates $200 Million M&A Blitz: Can It Dominate U.S. Waste Markets?

<ul><li>Waste Connections, Inc. (WCN) delivered strong financial results in the first quarter of 2025, demonstrating robust performance in various strategic areas.</li><li>The company achieved revenue of $2.228 billion, which exceeded the high end of their outlook and marked a year-over-year increase of 7.5%.</li><li>Adjusted for foreign exchange impacts, this growth is 8.4%.</li></ul>

Waste Connections, Inc. (WCN) delivered strong financial results in the first quarter of 2025, demonstrating robust performance in various strategic areas.The company achieved revenue of $2.228 billion, which exceeded the high end of their outlook and marked a year-over-year increase of 7.5%.Adjusted for foreign exchange impacts, this growth is 8.4%.

Waste Connections: Here Are the 6 Key Drivers Shaping Its Performance for 2025 & Beyond!

<ul><li>Waste Connections Inc. delivered solid financial and operational results in Q4 2024, marking a strong conclusion to the fiscal year.</li><li>The company's key highlights include double-digit growth in revenue and adjusted EBITDA, indicating robust financial health.</li><li>However, it's crucial to remain cognizant of both the underlying positives and potential challenges the company faces.</li></ul>

Waste Connections Inc. delivered solid financial and operational results in Q4 2024, marking a strong conclusion to the fiscal year.The company's key highlights include double-digit growth in revenue and adjusted EBITDA, indicating robust financial health.However, it's crucial to remain cognizant of both the underlying positives and potential challenges the company faces.

Waste Connections: Tackling Rail Network Expansion Obstacles & 4 Critical Challenges!

United States

Waste Connections, Inc. provides non-hazardous solid waste collection services for commercial, industrial and residential customers. The Company offers collection, landfill disposal, and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Waste Connections (WCN US)

Waste Connections: Expansion of Recycling & Waste Diversion Facilities

Waste Connections Inc. reported better-than-expected results for the third quarter of 2025, driven by strong execution in operations, despite the...

Baptista Research

Primer: Waste Connections (WCN CN) - Sep 2025

Waste Connections has established a strong competitive position by focusing on secondary and rural markets, which often face less competition...

αSK

Waste Connections Inc. Accelerates $200 Million M&A Blitz: Can It Dominate U.S. Waste Markets?

Waste Connections, Inc. reported its second-quarter 2025 results, which exceeded the high end of their earlier outlook despite several challenges,...

Baptista Research

Waste Connections: Here Are the 6 Key Drivers Shaping Its Performance for 2025 & Beyond!

Waste Connections, Inc. (WCN) delivered strong financial results in the first quarter of 2025, demonstrating robust performance in various...

Baptista Research

Waste Connections: Tackling Rail Network Expansion Obstacles & 4 Critical Challenges!

Waste Connections Inc. delivered solid financial and operational results in Q4 2024, marking a strong conclusion to the fiscal year. The company's...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)