secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001104659-26-007476
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WM Q4 adj EPS $1.93, FY record margin 30.1%; guides FY2026 FCF ~$3.8B, dividend to $3.78
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- Q4 revenue $6,313M (+7.1% YoY), adjusted diluted EPS $1.93 vs $1.70 YoY.
- FY adjusted operating EBITDA margin 30.1% (first >30%), operating cash flow $6.04B (+12.1%), free cash flow $2.94B (+26.8%).
- Healthcare Solutions revenue $2,508M; adjusted EBITDA margin 16.9%, up from 1.0% in 2024.
- 2026 guidance: revenue $26.4-$26.6B, adjusted operating EBITDA $8.15-$8.25B, free cash flow $3.75-$3.85B (~29% growth).
- Board indicates intention to increase annual dividend by $0.48 to $3.78/share; expects ~$2B share repurchases in 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465926007476/0001104659-26-007476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465926007476/tm264211d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007476

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