---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-050476"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:24:18.581569+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WM Q1 revenue $4.89B (+5% YoY); adjusted EPS $1.31 vs $1.29 YoY; free cash flow $395M

## Summary
- Revenue $4,892M (+5% YoY); reported diluted EPS $1.30, adjusted $1.31; net income $533M vs $513M.
- Organic revenue growth 7.0% in collection & disposal; core price 7.4%; total volumes up 1.2% (0.9% workday adj).
- Operating expenses margin 63.1% (+80 bps YoY) on wage inflation, repair costs, and acquisitions; SG&A improved to 9.7%.
- Free cash flow $395M (down from $845M) on higher sustainability growth capex and vehicle delivery timing.
- Returned $639M to shareholders: $350M buybacks and $289M dividends during Q1.

## SEC filing metadata
- accession: 0001104659-23-050476
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465923050476/0001104659-23-050476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465923050476/tm2313631d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-050476
- JSON: https://secwatch.observer/filing/0001104659-23-050476.json
- Plain text: https://secwatch.observer/filing/0001104659-23-050476.txt

## Key facts
- Earnings Releases
  WASTE MANAGEMENT INC reported quarter ended March 31, 2023 results: revenue $4,892, net income $533, EPS $1.30.
  - Period: quarter ended March 31, 2023
  - Revenue: $4,892
  - Net income: $533
  - EPS: $1.30
  - Result: reported results
  source text: except per share amounts) March 31, 2022 (in millions, except per share amounts) 713.265.1656 eegl@wm.com As Reported As Adjusted (a) As Reported As Adjusted (a) Revenue $4,892 $4,892 $4,661 $4,661 Media Toni Werner Income from Operations $825 $828 $768 $803 media@wm.com Operating EBITDA (b) $1,330 $1,333 $1,250 $1,285 Operating EBITDA Margin 27.2% 27.2%
  evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465923050476/0001104659-23-050476-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.