---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-083891"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:43:18.008165+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-083891
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465923083891/0001104659-23-083891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465923083891/tm2321764d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-083891
- JSON: https://secwatch.observer/filing/0001104659-23-083891.json
- Plain text: https://secwatch.observer/filing/0001104659-23-083891.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465923083891/0001104659-23-083891-index.htm

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