Benzinga | Aug 4, 2021 04:24PM EDT

Waste Connections Sees FY21 Revs ~$5.975B Vs $5.96B Est

* Revenue is estimated to be approximately $5.975 billion, as compared to our original revenue outlook of approximately $5.800 billion.

* Net income is estimated to be approximately $690 million, and adjusted EBITDA(b) is estimated to be approximately $1.875 billion, or about 31.4% of revenue, as compared to our original adjusted EBITDA(b) outlook of $1.800 billion or 31.0% of revenue.

* Capital expenditures are estimated to be approximately $675 million, as compared to our original capital expenditures outlook of approximately $625 million. Net cash provided by operating activities is estimated to be approximately $1.666 billion, as compared to our original outlook of $1.575 billion, and adjusted free cash flow(b) is estimated to be approximately $1 billion, or about 16.7% of revenue, as compared to our original adjusted free cash flow(b) outlook of approximately $950 million or 16.4% of revenue. W