Secure Waste Q3 revenue down 2% on trade-related factors

SECURE Waste Infrastructure

30/10/2025 11:23

Overview

Secure Waste Q3 revenue down 2% yr/yr, impacted by lower specialty chemicals revenue

Adjusted EBITDA for Q3 2025 rises 6% yr/yr, driven by higher pricing and cost optimizations

Company repurchased 1.7 mln shares for $27 mln under NCIB

Outlook

Secure revises 2025 Adjusted EBITDA guidance to approximately $500 mln

Company expects Q4 2025 Adjusted EBITDA to match Q3 levels

Secure anticipates solid Adjusted EBITDA growth in 2026

Result Drivers

METALS RECYCLING - Investments in metals recycling business contributed to Adjusted EBITDA growth

SPECIALTY CHEMICALS - Lower revenue from specialty chemicals due to reduced drilling and completion activity

TRADE IMPACT - Trade-related factors and tariffs affecting metals recycling business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
C$1 mln
Q3 Adjusted EBITDA
C$135 mln
Q3 Free Cash Flow
C$68 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "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$19.00, about 3.7% above its October 29 closing price of C$18.30

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nCNWLHtfna

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(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.)