8-K
filed February 13, 2024, 6:59 PM ET
ticker WM
CIK 0000823768
earnings
confidence high
sentiment positive
materiality 0.80
WM Q4 revenue up 5.7% to $5.22B, adjusted EPS $1.74, guides 2024 EBITDA $6.275-6.425B
WASTE MANAGEMENT INC
2023-FY EPS reported
$5.66
revenue$20,426,000,000
- Q4 revenue $5,217M, +5.7% YoY; adjusted operating EBITDA $1,558M, +14.7%; record adjusted margin 29.9%.
- Full-year 2023 adjusted EPS $6.19 vs $5.59 prior; revenue $20,426M; operating cash flow $4.72B.
- 2024 guidance: revenue growth 6-7%, adj EBITDA $6.275-6.425B, adj margin 29.0-29.4%.
- Board intends to raise annual dividend $0.20 to $3.00 per share; $1.5B share repurchase authorization refreshed.
- Sustainability growth investments $2.8-2.9B through 2026 targeting ~$800M incremental run-rate adjusted EBITDA.
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 the fourth quarter ended December 31, 2023 results: revenue $5,217, net income $493, EPS $1.22.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $5,217
- Net income
- $493
- EPS
- $1.22
- Result
- reported results
Exact text from the filing
share amounts) (in millions, except per share amounts) As Reported As Adjusted (a) As Reported As Adjusted (a) As Reported As Adjusted (a) As Reported As Adjusted (a) Revenue $5,217 $5,217 $4,935 $4,935 $20,426 $20,426 $19,698 $19,698 Income from Operations $785 $1,032 $765 $814 $3,575 $3,828 $3,365 $3,474 Operating EBITDA (b) $1,311 $1,558 $1,310 $1,359
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WASTE MANAGEMENT INC reported the full year ended December 31, 2023 results: revenue $20,426, net income $2,304, EPS $5.66. Guidance initiated.
- Period
- the full year ended December 31, 2023
- Revenue
- $20,426
- Net income
- $2,304
- EPS
- $5.66
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
except per share amounts) As Reported As Adjusted (a) As Reported As Adjusted (a) As Reported As Adjusted (a) As Reported As Adjusted (a) Revenue $5,217 $5,217 $4,935 $4,935 $20,426 $20,426 $19,698 $19,698 Income from Operations $785 $1,032 $765 $814 $3,575 $3,828 $3,365 $3,474 Operating EBITDA (b) $1,311 $1,558 $1,310 $1,359 $5,646 $5,899 $5,403 $5,512
View on SEC.gov
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