Waste Management Inc

Latest Results (17.12.2024):

Revenue Growth

Waste Management Inc. reported a 7.9% increase in total company revenue for the third quarter of 2024, reaching $5.609 billion compared to $5.198 billion in the same period of 2023. This growth was driven by a core price increase of 6.5%, higher market prices for recyclable commodities, and increased landfill volumes.

Operating EBITDA

The company's adjusted operating EBITDA for the third quarter of 2024 grew by $170 million, reaching a record high margin of 30.5%. This was primarily driven by the Collection and Disposal business, positioning Waste Management Inc. to achieve approximately $6.5 billion in adjusted operating EBITDA for the full year, near the upper end of its guidance range.

Net Income and EPS

Waste Management Inc. reported a net income of $760 million for the third quarter of 2024, with adjusted net income at $790 million. The diluted earnings per share (EPS) for the quarter was $1.88, with an adjusted EPS of $1.96, reflecting strong operational performance and cost optimization.

Cash Flow and Capital Expenditures

Through the first nine months of 2024, Waste Management Inc. generated $3.88 billion in net cash from operating activities, marking a 16.2% increase from the previous year. The company expects total capital expenditures to range between $3.15 billion and $3.25 billion, with approximately $950 million allocated to sustainability growth investments.

Acquisitions and Outlook

In 2024, Waste Management Inc. invested $790 million in acquisitions, primarily in solid waste businesses, contributing $108 million to revenue growth. The company is also working on acquiring Stericycle, with the transaction expected to close in the fourth quarter. Looking ahead to 2025, Waste Management Inc. anticipates continued growth in its solid waste business and increased contributions from sustainability investments.