---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-111131"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:29:09.917935+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WM Q3 2023 revenue $5.20B, adj. operating EBITDA $1.54B, margin expands 100bps to 29.6%

## Summary
- Adjusted diluted EPS $1.63 vs $1.56 YoY; net income $664M adjusted.
- Adjusted operating EBITDA margin 29.6%, up from 28.6% YoY, driven by 100bps core price above cost inflation.
- Free cash flow $612M, up from $432M; returned $653M to shareholders via dividends and buybacks.
- Sustainability growth capex guided at ~$750M for 2023; FY free cash flow expected $1.825-1.925B.
- Collection and disposal volumes up 0.7% on workday-adjusted basis; operating expense ratio improved to 61.3%.

## SEC filing metadata
- accession: 0001104659-23-111131
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465923111131/0001104659-23-111131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465923111131/tm2328756d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-111131
- JSON: https://secwatch.observer/filing/0001104659-23-111131.json
- Plain text: https://secwatch.observer/filing/0001104659-23-111131.txt

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