secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001104659-25-071187
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WM Q2 2025: revenue +19% to $6.43B, adjusted EPS $1.92, FCF guidance raised $125M
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- Q2 2025 revenue $6.430B (+19% total, +7.1% legacy); GAAP EPS $1.80, adjusted EPS $1.92 vs $1.82 prior year.
- Adjusted operating EBITDA $1.923B (29.9% margin); WM Healthcare Solutions contributed $110M. Legacy margin improved 150 bps.
- 2025 guidance: reaffirms adjusted EBITDA midpoint $7.550B, narrows range. Free cash flow raised to $2.8-$2.9B (up $125M).
- Revenue guidance lowered to $25.275-$25.475B due to lower recycled commodity prices and weather; EBITDA margin guidance raised to 29.6%-29.9%.
- Sustainability: 22% GHG reduction since 2021; three growth projects started. Cross-selling synergies target $300M by 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465925071187/0001104659-25-071187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465925071187/tm2521801d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-071187

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