Secure Waste Q2 revenue up 5%, beats estimates

SECURE Waste Infrastructure

29/07/2025 12:22

Overview

Secure Waste Q2 2025 revenue rises 5% yr/yr, beating analyst expectations

Adjusted EBITDA for Q2 2025 down 4% yr/yr due to seasonal and macro challenges

In 2025, co repurchased 7% of total common shares outstanding year-to-date

Outlook

Secure maintains 2025 adjusted EBITDA guidance of C$510 mln to C$540 mln

Company anticipates discretionary free cash flow of C$270 mln to C$300 mln

Secure plans C$125 mln organic growth capital spend in 2025

Company actively managing metals recycling volatility due to U.S. tariffs

Result Drivers

SEASONAL IMPACTS - Q2 results affected by typical seasonal impacts of spring break-up, per CEO Allen Gransch

METALS RECYCLING - U.S. tariffs and global pressures led to volatility in metals recycling segment, co redirected ferrous volumes to U.S. markets

ORGANIC GROWTH - Revenue growth driven by contributions from Edmonton-based metals recycling business acquired in January 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$353 mln
C$349.30 mln (4 Analysts)
Q2 Net Income
C$31 mln
Q2 Adjusted EBITDA
C$110 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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$17.63, about 5.1% above its July 28 closing price of C$16.72

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nCNWfxJw3a

(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.)