#Canada #Toronto #Stock Market #Waste Connections #WCN

Waste Connections Secures Renewal of Issuer Bid for Share Buybacks

Waste Connections, Inc. (TSX/NYSE: WCN) is making headlines as it announces the approval of its annual renewal of the normal course issuer bid (NCIB) from the Toronto Stock Exchange (TSX). This news comes in light of the company’s strategy to return capital to its shareholders, which includes the repurchase of common shares.

On August 8, 2025, Waste Connections confirmed it can purchase up to 12,855,691 common shares, which comprises 5% of its total issued shares as of July 31, 2025. The company’s current NCIB is set to expire on August 11, 2025, creating a continuous cycle of share buybacks intended to boost shareholder value over time.

Understanding the NCIB

The normal course issuer bid allows Waste Connections to repurchase shares through various platforms, including the TSX, New York Stock Exchange (NYSE), NYSE Texas, and alternative trading systems in Canada. According to the rules set by the TSX, the company is limited to buying back a maximum of 80,213 shares per day, which is determined by its average trading volume over a set period. This approach ensures that share repurchases are conducted without manipulating market prices,

In addition to the daily limit, Waste Connections has the option to execute larger block purchases once a week, provided they are not affected by insider ownership. This strategic structure allows Waste Connections to be agile in managing its stock buybacks, responding promptly to market conditions and share price variations.

Timeline and Future Plans

The renewed NCIB will take effect from August 12, 2025, and will continue until August 11, 2026, or until the company decides to complete or terminate it earlier. Management’s decisions on share repurchases will depend on existing market conditions, the overall share price, and any potential growth opportunities from acquisitions.

Waste Connections intends to utilize the buyback program to repurchase shares at prevailing market prices, indicating confidence in its long-term strategy. All shares repurchased under the updated NCIB will be canceled, effectively reducing the number of outstanding shares and increasing the value for remaining shareholders.

Previously, under the 2024 NCIB, Waste Connections aimed to buy back 12,901,981 shares and has successfully repurchased 1,299,339 shares through the NYSE since initiating the program. This underscores the company’s ongoing commitment to enhance shareholder value through proactive financial management.

About Waste Connections

Waste Connections is an integrated solid waste services provider, offering a range of services, including the collection, transfer, and disposal of non-hazardous waste. They also focus on resource recovery through recycling and renewable fuel processes. With operations spanning 46 states in the U.S. and six provinces in Canada, Waste Connections caters to more than nine million residential, commercial, and industrial customers.

The company is also actively involved in environmentally sustainable practices and prioritizes its Environmental, Social, and Governance (ESG) initiatives, which align with their long-term value creation goals. Their comprehensive approach aims to reduce emissions and enhance resource recovery while providing safe and effective waste management solutions.

For more details on Waste Connections' operations and sustainability initiatives, visit wasteconnections.com/sustainability. This renewal of the NCIB represents not just a financial move, but a calculated part of Waste Connections' ongoing commitment to its shareholders and the environment.