secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001104659-23-050476
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465923050476/0001104659-23-050476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465923050476/tm2313631d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-050476

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer