WM Q2 adj EPS $1.51, revenue $5.12B; FY adj EBITDA guidance trimmed to $5.775-$5.875B

WASTE MANAGEMENT INC

2023-Q2 EPS reported $2.81 revenue$10,011,000,000

Q2 adj diluted EPS $1.51 vs $1.44 y/y; revenue $5.12B, up 1.8% y/y.
Adj operating EBITDA margin 28.7% (+60 bps y/y) on disciplined pricing and cost optimization.
FY 2023 adj EBITDA guidance reduced to $5.775-$5.875B (down ~$75M midpoint); revenue growth lowered to 3.25%-4.25%.
Recycling EBITDA down $41M and renewable energy down $22M y/y due to commodity price declines.
Free cash flow guidance raised to $1.675-$1.775B (up $175M midpoint) on lower sustainability capex timing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WASTE MANAGEMENT INC reported second quarter of 2023 results: revenue $5,119, net income $615, EPS $1.51.

Period: second quarter of 2023
Revenue: $5,119
Net income: $615
EPS: $1.51
Result: reported results

Exact text from the filing

For Immediate Release WM Announces Second Quarter Earnings Disciplined Pricing and Cost Optimization Lead to Strong Expansion in Operating EBITDA Margin FOR MORE INFORMATION Houston — Jul. 25, 2023 — WM (NYSE: WM) today announced financial results for the quarter ended June 30, 2023. Waste Management Three Months Ended Three Months Ended Website www.wm.com Analysts Ed Egl 713.265.1656 eegl@wm.com Media Toni Werner media@wm.com June 30, 2023 (in millions, except per share amounts) June 30, 2022 (in millions, except per share amounts) As Reported As Adjusted (a) As Reported As Adjusted (a) Revenue $5,119 $5,119 $5,027 $5,027 Income from Operations $944 $946 $890 $907 Operating EBITDA (b) $1,465 $1,467 $1,398 $1,415 Operating EBITDA Margin 28.6% 28.7% 27.8% 28.1% Net Income (c) $615 $617 $587 $599 Diluted EPS $1.51 $1.51 $1.41 $1.44

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Source: SEC EDGAR

accession 0001104659-23-083891

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