secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001104659-23-083891
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465923083891/0001104659-23-083891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465923083891/tm2321764d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-083891

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