earnings
confidence high
sentiment positive
materiality 0.80
WM Q2 revenue $5.4B (+5.5%), adjusted EBITDA margin 30.0% first time, raises full-year outlook
WASTE MANAGEMENT INC
2024-Q2 EPS reported
$3.44
revenue$10,561,000,000
- Revenue $5.402B (+5.5% YoY) driven by core price +6.8% and higher recycled commodity values.
- Adjusted operating EBITDA $1.618B (+10.3%); margin 130 bps expansion to 30.0%, a company record.
- Adjusted diluted EPS $1.82 vs $1.51 YoY; net income $680M ($1.69 GAAP EPS).
- Full-year outlook reaffirmed: adjusted operating EBITDA $6.375-6.525B, free cash flow $2.0-2.15B.
- Closed >$750M solid waste acquisitions YTD; Stericycle acquisition progressing through regulatory reviews.