secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001104659-24-051322
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465924051322/0001104659-24-051322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465924051322/tm2412128d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-051322

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