secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001104659-23-111131
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465923111131/0001104659-23-111131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465923111131/tm2328756d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-111131

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