Sees FY24 Solid Waste core pricing of 6.0% to 6.5%, surcharges of (0.4%), volume of (1.25%) to (1.0%), as a result of the rollover impact of intentional shedding of low margin business, and commodity price impact of 0.2%; Environmental Services organic growth of 5.0% to 5.5%; Revenue from M&A contribution of 4.0%; Assumes no foreign exchange impact; adjusted EBITDA is estimated to be approximately $2.215B. Sees FY24 Adjusted EBITDA margin is expected to be approximately 27.7%, increase of 100 basis points; adjusted Free Cash Flow is estimated to be approximately $800M. Sees FY24 net capex $850.0M-$900.0M, excluding approximately $250M-$300M of incremental growth capital expected to be deployed in 2024 related to renewable natural gas projects, material recycling facilities and other infrastructure primarily related to opportunities arising under extended producer responsibility legislation.
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