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Waste Connections WCN Southern — Goodwill Adjustments

Other segment segments

Canada
-$37.97M-137%
Central
$0
Eastern
$0
Mid South
$0
Western
$0

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Other financials

Income statement

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Revenue$2.6B+6.4%
Gross profit$1.1B+6.7%
Operating income$437.6M-4.8%
Net income$296.4M+2.1%
EPS (diluted)$1.17+4.5%

Balance sheet

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Cash & equivalents$98.2M-10.9%
Total debt$9.6B+10.8%
Total equity$8.2B+4.9%
Total assets$21.4B+3.5%

Cash flow

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Operating cash flow$733.3M+14.9%
CapEx$302.4M+6.0%
Free cash flow$430.9M+22.1%

Valuation

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Market cap$41.46B-14.3%
Enterprise value$50.99B-10.5%
P/E39.1×
P/S4.3×-1.0×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17%
Net margin10.9%
FCF margin12.6%+0.3pp

Returns & leverage

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Return on equity13.4%
Debt / equity1.1×0.0×
Current ratio0.7×0.0×

Where this comes from

Reported directly by Waste Connections in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments.

The source filing: Waste Connections’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086006
Line itemSouthernWesternEasternCentralCanadaMid SouthTotal
Balance as of December 31, 2025$1,833,746$866,610$1,791,163$1,023,111$2,021,930$855,689$8,392,249
Goodwill acquired11,78041,4605,9556,47265,667
Goodwill acquisition adjustments41,9661,970
Impact of changes in foreign currency(71,777)(71,777)
Balance as of June 30, 2026$1,845,526$908,070$1,797,118$1,029,583$1,950,157$857,655$8,388,109

Item 1. Financial Statements

FAQ

What is Waste Connections's southern — goodwill adjustments?
Waste Connections (WCN) reported southern — goodwill adjustments of $0 in Q2 2026.
What does southern — goodwill adjustments mean?
Reflects changes in the value of goodwill within the Southern segment resulting from foreign currency translation or final purchase price allocation adjustments. These adjustments occur when the initial valuation of an acquired business is refined or when currency fluctuations impact the reporting of assets held in different jurisdictions. It provides insight into the stability of the segment's acquisition-related asset valuations.

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