earnings
confidence high
sentiment positive
materiality 0.85
WM Q3 2024: adjusted EPS $1.96 vs $1.63 YoY; raises revenue guidance to ~6%
WASTE MANAGEMENT INC
2024-Q3 EPS reported
$5.33
revenue$16,170,000,000
- Revenue $5,609M (+7.9% YoY) driven by core price of 6.5%; adjusted operating EBITDA $1,711M, record margin 30.5%.
- Diluted EPS reported $1.88, adjusted $1.96 (vs $1.63 YoY); net income $760M.
- Full-year revenue guidance raised to ~6% (above prior 5.75%); expects adjusted EBITDA near $6.5B (upper end).
- Free cash flow on track for $2.15B (high end); capex $3.15-3.25B with ~$950M for sustainability growth.
- Stericycle acquisition expected to close in Q4 2024; integration planning progressing.