WM Q1 adjusted EBITDA margin expands 240 bps to 29.6%; raises FY outlook by $100M

WASTE MANAGEMENT INC

2024-Q1 EPS reported $1.75 revenue$5,159,000,000

Revenue $5.16B (+5.5% YoY); reported EPS $1.75; adjusted EPS $1.75.
Adjusted operating EBITDA $1.53B, +14.6% YoY; margin 29.6% (up from 27.2%).
Collection & Disposal yield +5.1%; volume -0.1% (+0.3% workday adjusted).
New FY24 guidance: adj. EBITDA $6.375-6.525B, margin 29.7-30.2%, FCF $2.0-2.15B.
Returned $557M to shareholders in Q1: $250M buybacks and $307M dividends.

item 2.02 item 9.01

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 quarter ended March 31, 2024 results: revenue $5,159, net income $708, EPS $1.75.

Period: the quarter ended March 31, 2024
Revenue: $5,159
Net income: $708
EPS: $1.75
Result: reported results

Exact text from the filing

Revenue $5,159 $5,159 $4,892 $4,892 Income from Operations $1,016 $1,014 $825 $828 Operating EBITDA (b) $1,530 $1,528 $1,330 $1,333 Operating EBITDA Margin 29.7% 29.6% 27.2% 27.2% Net Income (c) (d) $708 $706 $533 $535 Diluted EPS (d) $1.75 $1.75 $1.30 $1.31

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WASTE MANAGEMENT INC updated its full-year 2024 guidance (raised).

Period: full-year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

UPDATED 2024 OUTLOOK Current Expectations Original Expectations Revenue 5% - 5.75% Growth from Prior Year 6% - 7% Growth from Prior Year Adjusted Operating EBITDA (a) (b) $6.375 - $6.525 Billion $6.275 - $6.425 Billion Adjusted Operating EBITDA Margin (a) 29.7% - 30.2% 29.0% - 29.4% Free Cash Flow (a) $2.0 - $2.15 Billion $1.9 - $2.05 Billion

View on SEC.gov

410 earnings releases filed in the last 30 days. Browse all earnings releases →

WASTE MANAGEMENT INC filing history →

Source: SEC EDGAR

accession 0001104659-24-051322

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.