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TheStreet Open House

Waste Connections' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: WCN

Waste Connections (WCN)

Q1 2012 Earnings Call

April 26, 2012 8:30 am ET

Executives

Ronald J. Mittelstaedt - Chairman, Chief Executive Officer, Chairman of Special Equity Award Committee and Chairman of Executive Committee

Worthing F. Jackman - Chief Financial Officer and Executive Vice President

Analysts

Rodney C. Clayton - JP Morgan Chase & Co, Research Division

William H. Fisher - Raymond James & Associates, Inc., Research Division

Michael E. Hoffman - Wunderlich Securities Inc., Research Division

Albert Leo Kaschalk - Wedbush Securities Inc., Research Division

Corey Greendale - First Analysis Securities Corporation, Research Division

Barbara Noverini - Morningstar Inc., Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Q1 2012 Waste Connections conference call. My name is Sonia, and I will be your operator for today. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. I would like to turn the call over to Mr. Ron Mittelstaedt, Chairman and CEO. Please proceed.

Ronald J. Mittelstaedt

I'd like to welcome everyone to this conference call to discuss our first quarter 2012 results and provide a detailed outlook for the second quarter.

I'm joined this morning in The Woodlands, Texas by Steve Bouck, our President; Worthing Jackman, our CFO; and several other members of our senior management team.

We are extremely pleased to kick off our 50th anniversary with first quarter results that exceeded the upper end of our revenue and margin expectations.

Continuing pricing strength in increased special waste and construction-related disposal volumes offset the anticipated negative impact from lower recycled commodity values and higher fuel cost, as well as our decision to turn away lower-priced disposal volumes at our Chiquita Canyon landfill.

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