Healthy Pricing and Higher E&P Waste Activity Offset Recycling Headwinds in Waste Connections’ 3Q
Traditional solid-waste services specialist Waste Connections posted roughly 2% third-quarter top-line growth on an organic basis, to roughly $1.3 billion, mostly in line with our expectations. Relative to the same period last year, higher revenue was once again the result of highly favorable pricing conditions across the traditional solid-waste industry, along with increased activity for the specialized E&P waste segment. These factors were only partly offset by continued contract optimizat...Waste Connections is a solid waste services company in North America, providing waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. Through its R360 Environmental Solutions subsidiary, Co. is also a provider of non-hazardous exploration and production (E&P), waste treatment, recovery and disposal services in several of the natural resource producing areas in the U.S. Co. also provides intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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