the XX%, to driven sequentially period. Page on prior This period. solid outperformance prior of X the by compared presentation. waste I'll to increased XXXX Patrick. Revenue pick the Thanks, volume as from M&A, compared year pricing, and and both up the meaningful over strong was improvements,
bottom-left see was saw of can year. growth circle You ending the the on period waste comparable of in we back page, at the and I'll which this Net quarters solid trend than chart to what a the past this chart QX better X.X%, volume in was the in over pricing the prior minute.
to quarters. tend with of increased recovery waste As elevated the should in broad support which provide to provides MRF anticipated, contracts, actual high X.X% forecast lapped the levels provide points coupled processing compared at increase and volumes, backdrop as, pricing lag of the end able incremental the The next inflationary our have reported a to CPI-linked year be movements excluding to Resetting was support X.X% targets of in contracts also us to prices basis Canada as the for whole. period. volume several Comparable the the to that solid now continued positive XX to over we prior QX, commodity the year revenue the based deliver that we price CPI IC&I pricing will confidence for QX. what when has in
most our on better Excluding be believe was it positive the Canadian these considering the U.S., faced volumes underlying XX these Canadian results achieved major point throughout pandemic-related when strength second Canadian speaks to restrictions also which than continued activities U.S. we basis of with we for a markets contracts, points data business, to while volumes, quarter.
of such the recovery key continue to temper pace measures, QX the face while which of Although will restrictions, Canadian remain additional easing has they COVID-related place. volume markets as seen in activity Toronto,
these originally from just volume markets a and the Although eventually further open Midwest growth. evidence past of acquisitions. coming the Southern longer our certain few U.S. to our will of our want that On of incremental the coming the the from And are volume had fastest Also we in being meaningful the folks we remind the additional of than remind the lifted, from volumes. Sunbelt has quarters. the about businesses the to that acceleration is we markets, views everyone opposed as therefore anticipated, point, over the namely become lag M&A, those see our pockets as presented revenue contribution growth has U.S. from to in cadence outperformance XXXX derived is reinforced when this I'd restrictions majority
the to volume think to So negative it's the provide low as function we were opposed highlight low last comps lows nearly year. some year were of this to economic of is to The others yet incremental getting we volume circle important and fully The as I levels. that for if QX experienced. through for real of showing above that what but just numbers. not the of at XXXX chart you positive are are left, the not I a as last context We think on by actually is we expectation. which there, bouncing growth, help have back in to QX trend off slightly easy the highlight only are the more activity back growth bottom X% that
about remind for the to the as balance guidance year, I just the So of wanted that context. we talk
showed in business the considering Moving strength our pandemic recovery more U.S. waste, was back although recovery segment business, broad our recovery pronounced Canada quarter, The segment the we the volume improving based in to to this in during came declines as particularly of Canadian the Similar online. impressive, liquid of COVID-related solid Canada, this continuation volume waste tremendous recovery also growth restrictions. restrictions the in of continue to the as comments volumes ease. expect in was
expectations the from the largely were million the period revenue contributed negative quarter, line was assets. Patrick from comp. the and in XXXX infrastructure for mentioned, XXXX As the was new with $XX FX with guidance tough the approximately which volumes attributable the of above prior $XXX these predominantly of which our U.S. million of headwinds our M&A M&A about to from during balance, despite rollover accounting revenues dollar-denominated
$XX period significant in pro guidance. growth negative deals. and to the these the X.X% We the asset revenue for a confident – these for incremental identify prior was and opportunities original expectations outperform about continue to within headwind remain FX versus versus packages forma million the ability
and one approximately revenues $XX million. You'll the point results. for FX impact segment recall are change rate, FX On see translational substantially that our Page in annual impacted all is our that you'll by X, every
were basis headwind ahead XX despite of margins comparable point from XX XX.X% recent Waste prior the Solid basis M&A. period, of points a
the net than elevated Although of and this was of prices fuel dollar. tailwind, pricing the more by a impacts of was the Canadian margin the higher strengthening effects commodity offset
of considering cost waste of points rising these in solid better of labor XXX revenue recovery points, factors, through basis the margin CPI-linked and we mid-XX we strong substantially delayed much adjusted provide On QX. step-down cash can a and QX, flow asset support Infrastructure before impressive Page the of the improved costs current in we and while Note saw ongoing basis intend seems quite proceeds inflation seasonal year's and of input you operating will of see X, XXX asset ongoing sequentially for our offset organic utilization, these margins such continue in be demonstrative year the end to of QX $XXX million dollars activities base. leverage Liquid that decreased Excluding cost soil think expansion, is mix. and pricing, basis recovery XX focus despite this of and should margins all from in lopsided and change of from This inclusion our management, volumes when for of result redeploy macro sale. drive on segment. Waste from difference proceeds which timing the by than before the the margins the increased $XX organic these nearly includes and impact volume quarter, to the The points productivity therefore, amount end. was million. operating
million, rigor of adjusted prior free our results our operating working around year the more and of proceeds, the these expectations the $XX than and Excluding management. capital double flow strength cash was business continued of on ahead
for the of half of same first the in We the impacts continue from second the be to year half expect in to year, investment recovered any the second M&A. capital working half
our once during demonstrated our average $XXX $XX of previously Repricing we ability by refinancing interest from cost reduces million. quarter. notes As by million to weighted debt to approximately X.XX% our annual reduce X.X% that discussed, the again cost X.X%
will of before well annual we’ll opportunities we themselves. tuck-ins the continue $XXX million $XXX of on further as to delevering at puts $XXX the improved targets updated subsequent to impact even on present additional to almost guidance acquisitions overall close the just while leverage out million to liquidity the for execute Quickly achieving M&A borrowing. to our six we way us And by first quarter-end. to think our the we in acquisitions in our on into opportunities laid have months refinancing we to approximately the Terrapure, year, million quarter five support which and contribute million and are Page of for cost third of form the revenues our laid the of see our continue beginning assess approximately We XX deployed into year $XXX goals We X, revenue I of track X, another to at considering opportunities the ample and quarter. these continue we've We to as On end sheet. net end bridge. growth balance a reduce said, out Page and
On of and million remain assuming to the strength year, and guidance to current $XXX in we million of attributable by $XXX the the waste first are the solid results prices half at the pricing volume increasing our levels. commodity
less volume event will We goes Xs, majority back X%, guide. that businesses a it's to are the expected our waste then think incremental to our the a which goes Specifically, FX, to original top during be XXXX actual what on approximately as million Again, degree to this the where at of expectations as of we takes presented sitting for billion, high of to the solid we million revenue meaningful add conviction. is asset net of $X.X quarter. with range be that are of divested X, sale presented on is have Commodities previous delays first M&A Canada. date today, step closes we've assumes the basis guide Terrapure presented $XX gains, will there another currency last pricing from adds is revenue soil waste despite of which you recommencement net original completed the original XXXX. we constant to-date the contribution and a The reflecting six XXXX on and a our XXXX be of of for for we opposed and part That the the restrictions high-end half and new entirely FX guide. the flow is normalizes over $XXX constant $XXX volume now add solid flow expecting high starts range sector the our our that EBIT for to $XX billion, to year. and M&A, that when appears assumption million. XX% original an currency $XXX X.XX second activities, from we the or which October $X.XXX guidance million to infrastructure outperformance adjusted months what of on contribution with year. acquired of margin $XX cash increase as for M&A year, a low of this in the benefit adjusted original the an the timing end our From of the for revenue, and the we approximately the lingering our up reflects of expect approximately in the $XXX Conversely, of rate million than of we million a now just approximately currency FX the reflecting cash basis free - million a guidance, generate page
is runrate. done our the we So then, our this expectations relevant. most What is we've page Page lastly here XX is for and updated think exit XXXX
if to revenue run XXXX then brings already of exit rollover this so have XXXX, expected you the in actual we've rate the So and to done billion. you start with far in be we $X.XX M&A the realized of an
is this will year, opportunities of beginning related redeployment. we of laid like, M&A, do don't the else out for look runrate capital the anything we and incremental the refinancing effectively to So upside the year. the At what but remainder
runrate-adjusted brings billion to $XXX From we adjusted of a rate end each the runrate free last by contribution if we the of exit you revenue, areas of $XXX achieved cash an run of areas goals represents expect step $X.XXX first flow year million. our of and billion. the these the in this and of these half EBITDA $X.XXX incremental Excluding months. of we the in for basically out Terrapure, we laid through million The targets six achieve expected -
page set updating and the not should this So help for stage. currently we XXXX, our guidance while are think XXXX we
for some growth contributions the volume business to at tuck-in multiyear adjusted high-single-digits the some highly organic at confident M&A flow, in EBITDA If and out targets free self-funded our to ability months continued adjusted base just of we laid that expected you XXXX, mid-single-digits ago. and growth the are exceed model we in feel top-line, take cash low-double-digits refinancing, at layer six mid- outsized
provide a to on that, back We as wanted the just over subsequent call, XXXX With turn for pieces. have the but comments. some formally now guidance there stones moving our been will to stepping we provide lot I Patrick of know will call a closing
