SECURE Waste Infrastructure Reports Proficient Year-End Results
SECURE Waste Infrastructure Announces 2024 Results
SECURE Waste Infrastructure Corp. (TSX: SES), a prominent company in waste management and energy infrastructure, has revealed its operational and financial accomplishments for the year ended December 31, 2024. The results are indicative of the company’s robust business strategy and dedication to enhancing shareholder value.
Impressive Fourth Quarter Performance
Strong Financial Metrics
In the fourth quarter, SECURE achieved an Adjusted EBITDA of $117 million, equivalent to $0.50 per basic share. Throughout 2024, the total Adjusted EBITDA reached an impressive $490 million, representing $1.92 per basic share. This performance typifies the high return on investment strategy that the corporation has successfully implemented.
Shareholder Returns
SECURE demonstrated its commitment to returning value to shareholders with a total of $657 million worth of shares repurchased this past year, at an average of $11.47 per share. This maneuver effectively reduced the outstanding shares by 19%, highlighting a shareholder-friendly approach in the management of company resources.
Annual Performance Highlights
Revenue and Income Growth
For 2024, SECURE generated total revenue of $1.403 billion, with a net income of $582 million, equating to $2.28 per basic share. The strong revenue figures reflect SECURE’s capability to capture market opportunities while maintaining operational excellence.
Adjusted EBITDA and Cash Flow Generation
Throughout the year, SECURE recorded an Adjusted EBITDA of $490 million, achieving a 35% margin. Moreover, the discretionary free cash flow for the year was a solid $316 million, underpinning the company’s resilience and operational strength.
Strategic Direction for 2025
Guidance Expectations
Looking ahead, SECURE is reiterating its Adjusted EBITDA guidance for 2025, projecting a range between $510 million and $540 million. This mid-point indicates a promising growth trajectory for SECURE, reflective of its solid foundation and tactical investments in critical infrastructure.
Investment and Development Plans
SECURE plans to dedicate $85 million for organic growth initiatives, along with $175 million for two crucial metals recycling acquisitions. These expansions reinforce SECURE's vision to enhance efficiencies within its operations while aiming for substantial future returns.
Operational Highlights and Market Position
Diverse Infrastructure Capabilities
With a vast operational footprint in western Canada and North Dakota, SECURE operates a diverse range of facilities including waste processing, recycling sites, and energy infrastructure systems. This extensive network allows the company to service various industrial sectors effectively.
Commitment to Sustainability
SECURE remains focused on delivering environmentally responsible solutions aimed at reducing waste and emissions while maximizing resource recovery. Its initiatives align with broader trends within the waste management and energy sectors aimed at sustainability and efficiency.
Upcoming Conference Call Details
SECURE will be hosting a conference call on an upcoming date to further discuss its fourth quarter and year-end results. Participants can dial in or access the live webcast to gain insights from the company’s management team.
Frequently Asked Questions
What were SECURE's 2024 earnings?
SECURE posted net income of $582 million with a total revenue of $1.403 billion for 2024.
How much did SECURE return to shareholders in 2024?
The company returned a total of $657 million to shareholders through share repurchases.
What is SECURE's projected Adjusted EBITDA for 2025?
SECURE projects Adjusted EBITDA in the range of $510 million to $540 million for 2025.
What are SECURE's plans for growth in 2025?
The company plans to allocate significant funds towards organic growth initiatives and acquisitions in metals recycling.
What is SECURE's commitment to sustainability?
SECURE aims to provide environmentally responsible solutions to reduce waste and emissions while maximizing resource recovery.
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