Waste Connections Inc. said its third-quarter normalized net income came to 45 cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.
EPS rose 20.3% year over year from 38 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $119.5 million, an increase of 20.6% from $99.1 million in the year-earlier period.
The normalized profit margin rose to 9.9% from 9.1% in the year-earlier period.
Total revenue increased 11.2% year over year to $1.21 billion from $1.08 billion, and total operating expenses climbed 9.3% from the prior-year period to $982.3 million from $898.6 million.
Reported net income rose 38.6% from the prior-year period to $124.2 million, or 47 cents per share, from $89.6 million, or 34 cents per share.