Canada's Secure Waste Q4 revenue misses analyst expectations

SECURE Waste Infrastructure

20/02/2026 12:09

Corrects Q4 Adjusted EBITDA in Key Details table to C$135 mln from C$500 mln

Overview

Canada waste management firm's Q4 revenue missed analyst expectations

Q4 Adjusted EBITDA rose 15% yr/yr

Company announced 5% dividend increase

Outlook

Secure Waste Infrastructure projects 2026 Adjusted EBITDA of C$520–C$550 mln

Company plans C$75 mln in organic growth capital for 2026

Secure Waste Infrastructure sees improving metals recycling performance in 2026

Result Drivers

COST CONTROL - CEO Allen Gransch attributed the growth in Adjusted EBITDA to disciplined cost management and reliable service delivery despite challenging market conditions

INFRASTRUCTURE PROJECTS - Growth driven by commissioning of new infrastructure projects, including water disposal facilities and industrial waste processing

METALS RECYCLING - Improved performance in metals recycling logistics contributed to growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$372 mln
C$377.67 mln (6 Analysts)
Q4 Net Income
C$53 mln
Q4 Adjusted EBITDA
C$135 mln
Q4 Free Cash Flow
C$84 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy."

Wall Street's median 12-month price target for SECURE Waste Infrastructure Corp is C$20.00, about 4.2% above its February 19 closing price of C$19.19

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nCNWv20gMa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)