Waste Connections, Inc. ( WCN)

Q3 2011 Earnings Conference Call

October 19, 2011 8:30 AM ET


Ron Mittelstaedt – Chairman and CEO

Steve Bouck – President

Worthing Jackman – CFO

Darrell Chambliss – COO


Scott Levine – JPMorgan

Hamzah Mazari – Credit Suisse

William Fisher – Raymond James

Al Kaschalk – Wedbush Securities

Michael Hoffman - Wunderlich Securities

Matthew Dodson – Edmunds White Partners



Good day ladies and gentlemen, and welcome to the third quarter 2011 Waste Connections Inc. earnings conference call. My name is Diana and I’ll be the coordinator for today. At this time, all participants are in a listen-only mode. Later we will conduct a Question-and-Answer Session. [Operator Instructions] As a reminder, today’s conference is being recorded for replay purposes. I would now like to turn the call over to your host Mr. Ron Mittelstaedt, Chairman and CEO. Please proceed sir.

Ron Mittelstaedt

Okay, thank you operator, and good morning. I'd like to welcome everyone to our conference call to discuss our third quarter 2011 results and provide a detailed outlook for the fourth quarter. I'm joined this morning by Steve Bouck, our President; Worthing Jackman, our CFO; Darrell Chambliss our COO and several other members of our senior management team.

We are extremely pleased with our results in the quarter as revenue, margins, earnings per share and free cash flow once again exceeded the upper-end of our expectations. The same core contributors that drove solid operating results in the first half of the year, continued throughout the third quarter. Strong pricing, increased special waste volumes, record recycling commodity values and continuing cost controls.

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