Waste Connections Inc. reported its results for the fourth quarter. Waste Connections is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly secondary markets in the western and southern United States.

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Waste Connections Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Waste Connections Inc. rose to $ 38 million (34 cents per share) vs. $ 36.1 million (31 cents per share) in the same quarter a year earlier. This marks a rise of 5% from the year earlier quarter.

Revenue: Rose 13% to $ 379.8 million from the year earlier quarter.

Actual vs. Wall St. Expectations: Waste Connections Inc. reported adjusted net income of 35 cents per share. By that measure, the company fell in line with the mean estimate of 35 cents per share. Analysts were expecting revenue of $ 377.1 million.

Quoting Management: “We are extremely pleased with our results in the quarter and full year. Better than expected pricing growth in the quarter, increased special waste volumes, and tight cost controls helped cushion the impact of a 30% decline in recycled fiber values during the first half of the fourth quarter. Continued strength in core pricing growth, relative stability in municipal solid waste volumes, and recent modest increases in recycled fiber values should provide a good springboard into 2012,” said Ronald J. Mittelstaedt, Chairman and Chief Executive Officer.

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 13% and in the second quarter, the figure rose 46.1%.

Revenue has risen the past four quarters. Revenue increased 16.8% to $ 404 million in the third quarter. The figure rose 18.1% in the second quarter from the year earlier and climbed 7.8% in the first quarter from the year-ago quarter.

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the third quarter, it topped the mark by 2 cents, and in the second quarter, it was ahead by one cent.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved down from 36 cents a share to 35 cents over the last ninety days. At $ 1.48 per share, the average estimate for the fiscal year has fallen from $ 1.49 ninety days ago.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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