Month: July 2025

Company responds to heartfelt outreach with a gift of hope and stability

PHILADELPHIA, July 23, 2025 /PRNewswire/ — Home Genius Exteriors (HGE) donated and installed a brand-new roof for the Rivera family, a local household navigating unimaginable challenges: Three children diagnosed with a rare genetic liver disease.

Last week, the Riveras contacted HGE after noticing issues with their aging roof, including water damage worsened by recent summer storms. Following a thorough inspection, they were informed that a full roof replacement was needed. Despite HGE’s exhaustive efforts to find a viable financial solution, the family’s burden of medical bills, student loans, and living expenses made it impossible to move forward with the project.

Touched by the family’s heart-felt email sharing their personal story and praising the team’s extraordinary support, HGE decided to donate the roof in full, covering all materials and labor. Crews arrived at their home to install the new roof.

“As a father of five, I was moved by the story of the Rivera family,” said Jeff Gunhus, CEO, Home Genius Exteriors. “Home Genius is proud to support the families in the communities in which we serve, and we are hopeful this small gesture will help ease their burden.”

What began in early 2022 as a health scare involving the family’s then three-year-old son led to a diagnosis of Progressive Familial Intrahepatic Cholestasis (PFIC), a rare, progressive liver disease. Within a year, their two younger children — a three-year-old and a five-month-old — were also diagnosed with the same congenital condition. As the family adjusted to the demands of life with three chronically ill children, they were also confronted with a cancer diagnosis for an immediate family member, further exhausting their financial and emotional resources.

“This is what community means—showing up, asking ‘How can I help?’ and offering support when it’s needed most,” said Austin Killian, Co-founder and Executive Vice President, Home Genius Exteriors. “The Rivera family’s story of strength and overcoming adversity reminds us why we do what we do.”

“It’s hard to put into words what this means to us,” said Angela Rivera, who first reached out to Home Genius Exteriors in an email sharing her family’s story. “We were trying so hard to find a way to make it work, but with everything happening, it just felt out of reach. This act of kindness made an overwhelming situation feel a little less heavy and gave us hope when we needed it most.”

This philanthropic project is part of the company’s Home Genius Cares initiative, which provides support, service, and donations to local communities. To learn more about PFIC and ways to support families affected by it, please visit www.pfic.org.

Here is a link to photos.

About Home Genius Exteriors
Home Genius Exteriors is one of the fastest growing and most respected home improvement companies in America. With a commitment to exceptional customer service, unrivaled quality, and a culture of innovation, the company aims to revolutionize the home improvement experience for homeowners nationwide. Home Genius Exteriors offers a wide range of services, including roofing, siding, windows, doors, gutters, and more, all backed by a team of industry experts dedicated to delivering outstanding results.

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SOURCE Home Genius Exteriors

• Continued improvement in employee retention and record safety performance complement 6.6% solid waste core pricing to drive better than expected results
• Revenue of $2.407 billion, above expectations and up 7.1%
• Net income^(a) of $290.3 million, or $1.12 per share, adjusted net income attributable to Waste Connections^(b) of $333.1 million, or $1.29 per share
• Adjusted EBITDA^(b) of $786.4 million, above expectations and up 7.5%
• Adjusted EBITDA^(b) margin of 32.7% of revenue
• Maintains full year 2025 outlook of $9.45 billion in revenue, $3.12 billion in adjusted EBITDA^(b) and $1.30 billion in adjusted free cash flow^(b)

TORONTO, July 23, 2025 /PRNewswire/ — Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today announced its results for the second quarter of 2025 and updated its outlook for the full year. 

“Continued improvement in employee retention and record low safety rates, along with solid waste core pricing growth of 6.6%, drove underlying solid waste margin expansion of approximately 70 basis points in the period,” said Ronald J. Mittelstaedt, President and Chief Executive Officer. “We delivered results above our outlook for the quarter in spite of headwinds from lower-than-expected contributions from higher margin, commodity-related activities and continued sluggishness in the economy, along with tariff-induced uncertainties.” 

“As anticipated, we have already completed an outsized year of acquisition activity, at approximately $200 million in annualized revenue, with a robust pipeline and almost half of the year still ahead of us.  The strength of our financial profile and free cash flow generation keeps us well-positioned for additional acquisitions, while maintaining the flexibility for increased return of capital to shareholders, including through opportunistic share repurchases already underway.”

Mr. Mittelstaedt added, “In spite of incremental and growing headwinds, our full year 2025 outlook remains within the ranges from February, providing for approximately 6% revenue growth and 50 basis points of adjusted EBITDA margin expansion to 33.0%.  We remain well-positioned for upside from contributions from additional acquisitions, improvements in commodity-related activity and solid waste volumes.”

Q2 2025 Results

Revenue in the second quarter totaled $2.407 billion, up from $2.248 billion in the year ago period.  Operating income was $459.5 million, which included $7.3 million primarily in impairments and other operating items and transaction-related expenses.  This compares to operating income of $424.7 million in the second quarter of 2024, which included $15.7 million primarily in impairments and other operating items and transaction-related expenses.  Net income in the second quarter was $290.3 million, or $1.12 per share on a diluted basis of 259.0 million shares.  In the year ago period, the Company reported net income of $275.5 million, or $1.07 per share on a diluted basis of 258.6 million shares. 

Adjusted net income^(b) in the second quarter was $333.1 million, or $1.29 per diluted share, versus $320.0 million, or $1.24 per diluted share, in the prior year period.  Adjusted EBITDA^(b) in the second quarter was $786.4 million, as compared to $731.8 million in the prior year period.  Adjusted net income, adjusted net income per diluted share and adjusted EBITDA, all non-GAAP measures, primarily exclude impairments and acquisition-related items, as reflected in the detailed reconciliations in the attached tables.

Six Months Year to Date Results

For the six months ended June 30, 2025, revenue was $4.635 billion, up from $4.321 billion in the year ago period.  Operating income, which included $27.5 million primarily attributable to transaction-related expenses and impairments and other operating items was $849.8 million, as compared to operating income of $791.5 million in the prior year period, which included $27.2 million primarily attributable to transaction-related expenses and impairments and other operating items.

Net income for the six months ended June 30, 2025 was $531.8 million, or $2.05 per share on a diluted basis of 258.9 million shares.  In the year ago period, the Company reported net income of $505.5 million, or $1.96 per share on a diluted basis of 258.5 million shares. 

Adjusted net income^(b) for the six months ended June 30, 2025 was $626.2 million, or $2.42 per diluted share, compared to $588.7 million, or $2.28 per diluted share, in the year ago period. Adjusted EBITDA^(b) for the six months ended June 30, 2025 was $1.499  billion, as compared to $1.382 billion in the prior year period. 

Updated 2025 Outlook

Waste Connections also updated its outlook for 2025, which assumes no change in the current economic environment or underlying economic trends.  The Company’s outlook excludes any impact from additional acquisitions that may close during the year, and expensing of transaction-related items.  The outlook provided below is forward looking, and actual results may differ materially depending on risks and uncertainties detailed at the end of this release and in our periodic filings with the U.S. Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada. Certain components of the outlook for 2025 are subject to quarterly fluctuations.  See reconciliations in the attached tables.

• Revenue is estimated to be approximately $9.450 billion;
• Net income is estimated to be approximately $1.140 billion, and adjusted EBITDA^(b) is estimated to be approximately $3.120 billion, or about 33.0% of revenue;
• Capital expenditures are estimated to be between $1.200 billion and $1.250 billion; and
• Net cash provided by operating activities is estimated to be between $2.483 billion and $2.533 billion, and adjusted free cash flow^(b) is estimated to be approximately $1.300 billion.

Q2 2025 Earnings Conference Call

Waste Connections will be hosting a conference call related to second quarter earnings on July 24^th  at 8:30 A.M. Eastern Time.  A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting “News & Events” from the website menu. Alternatively, conference call participants can preregister by clicking here.  Registered participants will receive dial-in instructions and a personalized code for entry to the conference call.  A replay of the conference call will be available until July 31, 2025, by calling 877-344-7529 (within North America) or 412-317-0088 (international) and entering Passcode #4455366.   

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance (“ESG”) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

Safe Harbor and Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events and operating 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 press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about expected 2025 financial results, outlook and related assumptions, and potential acquisition activity. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company’s filings with the SEC and the securities commissions or similar regulatory authorities in Canada.  You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

– financial tables attached –

                                           

 

 

 

 

ADDITIONAL STATISTICS
(in thousands of U.S. dollars, except where noted)

Solid Waste Internal Growth:  The following table reflects a breakdown of the components of our solid waste internal growth for the three and six month periods ended June 30, 2025:

Revenue Breakdown: The following table reflects a breakdown of our revenue for the three month periods ended June 30, 2024 and 2025:

 

 

Contribution from Acquisitions: The following table reflects revenues from acquisitions, net of divestitures, for the three and six month periods ended June 30, 2024 and 2025:

 

ADDITIONAL STATISTICS (continued)
(in thousands of U.S. dollars, except where noted)

Other Cash Flow Items: The following table reflects cash interest and cash taxes for the three and six month periods ended June 30, 2024 and 2025:

Debt to Book Capitalization as of June 30, 2025:  50%

Internalization for the three months ended June 30, 2025:  60%

Days Sales Outstanding for the three months ended June 30, 2025:  39 (23 net of deferred revenue)

Share Information for the three months ended June 30, 2025:

 

NON-GAAP RECONCILIATION SCHEDULE
(in thousands of U.S. dollars, except where noted)

Reconciliation of Adjusted EBITDA:

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 Waste Connections’ operations.  Waste Connections defines adjusted EBITDA as net income attributable to Waste Connections, plus or minus net income (loss) attributable to noncontrolling interests, plus income tax provision, plus interest expense, less interest income, plus depreciation and amortization expense, plus closure and post-closure accretion expense, plus or minus any loss or gain on impairments and other operating items, plus other expense, less other income.  Waste Connections further adjusts this calculation to exclude the effects of other items management believes impact the ability to assess the operating performance of its business.  This measure is not a substitute for, and should be used in conjunction with, GAAP financial measures.  Other companies may calculate adjusted EBITDA differently. 

 

NON-GAAP RECONCILIATION SCHEDULE (continued)
(in thousands of U.S. dollars, except where noted)

Reconciliation of Adjusted Free Cash Flow:

Adjusted free cash flow, a non-GAAP financial measure, is provided supplementally because it is widely used by investors as a liquidity measure in the solid waste industry.  Waste Connections calculates adjusted free cash flow as net cash provided by operating activities, plus or minus change in book overdraft, plus proceeds from disposal of assets, less capital expenditures for property and equipment.  Waste Connections further adjusts this calculation to exclude the effects of items management believes impact the ability to evaluate the liquidity of its business operations.  This measure is not a substitute for, and should be used in conjunction with, GAAP liquidity or financial measures.  Other companies may calculate adjusted free cash flow differently.

 

NON-GAAP RECONCILIATION SCHEDULE (continued)
(in thousands of U.S. dollars, except per share amounts)

Reconciliation of Adjusted Net Income attributable to Waste Connections and Adjusted Net Income per Diluted Share attributable to Waste Connections:

Adjusted net income attributable to Waste Connections and adjusted net income per diluted share attributable to Waste Connections, both non-GAAP financial measures, are provided supplementally because they are widely used by investors as valuation measures in the solid waste industry.  Management uses adjusted net income attributable to Waste Connections and adjusted net income per diluted share attributable to Waste Connections as one of the principal measures to evaluate and monitor the ongoing financial performance of Waste Connections’ operations.  Waste Connections provides adjusted net income attributable to Waste Connections to exclude the effects of items management believes impact the comparability of operating results between periods.  Adjusted net income attributable to Waste Connections has limitations due to the fact that it excludes items that have an impact on the Company’s financial condition and results of operations.  Adjusted net income attributable to Waste Connections and adjusted net income per diluted share attributable to Waste Connections are not a substitute for, and should be used in conjunction with, GAAP financial measures.  Other companies may calculate these non-GAAP financial measures differently. 

 

 

 

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SOURCE Waste Connections, Inc.

HUNTERSVILLE, N.C., July 23, 2025 /PRNewswire/ — WORKPRO Tools is thrilled to launch its Back to School Sale at workprotools.store, offering 20% off sitewide with an extra 10% OFF w/code EXTRA10. This limited-time promotion is designed to equip college-bound students with high-quality tools, storage solutions, and accessories perfect for dorms, apartments, and beyond. WORKPRO’s durable and versatile products are essential for students setting up their new spaces or tackling unexpected repairs, making them ideal gifts to send students off to college prepared for any emergency.

Whether it’s assembling furniture, organizing small living spaces, or handling quick fixes, WORKPRO’s tools and storage solutions empower students to thrive in their new environments. From sturdy workbenches to essential tool kits, our products combine practicality with reliability, ensuring students are ready for life away from home, for less.

Featured Back-to-School Best Sellers

• 60″ Adjustable Desk (@Shopify) – $209.99 w/code (was $299.99) 1,500 lbs load capacity with hardwood top, built-in power outlets, and leveling feet. Perfect for dorm room projects or apartment setups.
• 5-Tier Metal Shelving Unit (@Shopify) – $125.99 w/code (was $179.99)
  A heavy-duty, adjustable storage rack to maximize space in dorms & apartments.
• Pink 12V Drill and 61-Piece Tool Set (@Shopify) – $44.62 w/code (was $63.74) Ideal for small DIY projects and repairs, your purchase also supports National Breast Cancer Foundation, Inc. Proud NBCF partners since 2020.
• Pink 12V Rechargeable Glue Gun (@Shopify) – $29.65 w/code (was $42.36)
  Cordless glue gun perfect for crafting, repairs, and creative projects. Proud NBCF partners since 2020. Support the mission of National Breast Cancer Foundation, Inc. with your purchase.

Don’t miss out on this opportunity to equip students with the tools they need to succeed. Visit workprotools.store today to take advantage of the 30% off sitewide discount (with code EXTRA10) and explore our full range of DIY tools and storage solutions.

About WORKPRO Tools
Since 2009, WORKPRO® Tools has been committed to leading the way with innovative tools for the home do-it-yourselfer. Developed by Hangzhou GreatStar Industrial Co., Ltd., the largest hand tool manufacturer in Asia, WORKPRO® Tools deliver a diverse variety of hand tools, power tools and storage solutions. Sold in over 100 countries around the world, WORKPRO® Tools strives to provide tools to those who pride themselves in completing a project themselves. For more information, visit www.workprotools.store.

Media Contact:
Sue Ronis
Marketing & Media Specialist
GreatStar Industrial USA, LLC.

service@greatstartools.com

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SOURCE GreatStar Industrial USA, LLC

LOS ANGELES, July 23, 2025 /PRNewswire/ — No new drilling permits for oil and gas wells were approved in the second quarter of 2025, extending a promising trend in reduced fossil fuel development over the last two years under Governor Gavin Newsom’s administration. However, Consumer Watchdog and FracTracker Alliance warn that this progress could be reversed if state leaders allow Kern County to fast-track thousands of new drilling permits under a controversial local ordinance. New proposed legislation could open the door to as many as 4,700 new drilling permits in its first year that would not be subject to environmental review, according to FracTracker’s analysis.

Since taking office in January 2019, Governor Newsom’s administration has approved about 18,515 oil and gas permits. While this figure is high, annual permit approvals have sharply declined during his tenure. In 2019, the state issued 2,366 new drilling permits. By comparison, just 73 were approved in all of 2024, and only 4 have been granted in the first half of 2025. This downward trajectory reflects a deliberate shift away from oil and gas expansion, but that momentum is now at risk.

In June, the Kern County Board of Supervisors unanimously approved a revised oil and gas ordinance that would permit roughly 2,700 new wells per year in unincorporated areas, based on a single EIR. Courts had previously struck down two similar attempts due to failures to evaluate key environmental risks, including air and water quality, noise, cancer risk, and farmland impacts. It is up to Newsom to decide whether to back CalGEM’s authority to deny permits based on insufficient environmental review or to direct CalGEM to accept the fast-tracked permitting without the agency’s environmental review.

“This ordinance would be a dangerous reversal of Governor Newsom’s commitment to rein in the oil industry,” said Liza Tucker, consumer advocate at Consumer Watchdog. “If Kern County is allowed to greenlight thousands of new oil wells annually, it would be a catastrophe for California’s climate goals—and for Newsom’s environmental legacy. This will haunt him.”

Kyle Ferrar, Western Program Director at FracTracker Alliance, echoed those concerns. “California is emerging as a climate leader in the U.S., but we still have a long way to go to match the progress of countries like China and those in Europe that are aggressively investing in renewable energy. To stay on track, California must continue to scale back oil and gas extraction and invest more in renewable energy, energy storage, and energy efficiency.”

Adding to the concern, the Governor’s Office is drafting legislation that would codify the Kern ordinance. If passed, the bill could shield the ordinance from further legal challenges and sidestep CalGEM, the state’s oil and gas regulatory agency, by weakening environmental oversight. The proposed legislation could open the door to as many as 4,700 new drilling permits in its first year, none of which would be subject to review under the California Environmental Quality Act (CEQA).

“The Governor’s supposed reason for approving new wells in Kern County is to keep the pipelines to Northern California refineries operating,” said Tucker. “But expanding drilling across the entire state goes far beyond that purpose. It’s nothing more than a giveaway to oil companies that have already caused significant environmental damage. If passed, this legislation could set a dangerous precedent for the Central Coast and other oil-producing counties like Contra Costa, Fresno, and Kings.”

Although no new oil drilling permits were approved in the second quarter, CalGEM did approve four permits for underground gas storage wells, each located within the 3,200-foot public health buffer zone established by SB 1137 to protect communities from the dangers of oil and gas operations. Additionally, seven permits were issued to rework existing wells within this buffer zone. One of these wells, in Inglewood, will be used for water flooding to extract more oil, while another in the Wilmington Oil Field will serve a similar purpose.

“It’s clear that increased permitting will lead to more drilling near frontline communities,” said Ferrar. “While CalGEM does not seem to consider gas storage and injection wells in the same category as production, these wells support nearby production and are not benign. They are long-term sources of environmental harm.”

Consumer Watchdog and FracTracker Alliance are urging Governor Newsom to stay the course and protect the state’s hard-won progress on climate and environmental justice. The groups are calling on the administration to reject any effort that would erode oversight, fast-track oil and gas development, or place communities at further environmental risk.

Table 1.

CalGEM Data Analyzed by FracTracker Alliance

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SOURCE Consumer Watchdog