Financial Data and Key Metrics Changes - The company reported a robust operational performance with double-digit operating EBITDA growth, positioning for approximately $6.5 billion for the full year, near the upper end of guidance [10] - Operating EBITDA margin reached a record high of 30.5%, reflecting a year-over-year expansion of 90 basis points [11][33] - Cash from operations increased by more than 16% year-over-year, totaling $3.88 billion for the first nine months of 2024 [36] Business Line Data and Key Metrics Changes - Adjusted operating EBITDA in the collection and disposal business grew by $181 million in the quarter, with margin expanding to 37.4% [27] - The residential line of business saw a weighted average collection efficiency increase of 2%, with a more than 4% increase specifically in residential [26] - The company completed eight recycling projects, adding 1.5 million tons of annual recycling capacity across North America [16] Market Data and Key Metrics Changes - The company experienced a 5.7% increase in MSW (Municipal Solid Waste) volume during the quarter [30] - The landfill volume contribution was strong, particularly in the Midwest, contributing to overall performance [64] - The recycling commodity prices were impacted by port strike uncertainties, leading to cautious expectations for continued upside in the fourth quarter [65] Company Strategy and Development Direction - The company is focused on cost optimization in collection and disposal, improving frontline retention, and integrating acquisitions in key markets [12][19] - The acquisition of Stericycle is expected to enhance service offerings and is progressing well, with integration planning underway [13][14] - The company anticipates significant contributions from renewable natural gas projects and sustainability investments in 2025 [18][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic environment, indicating no immediate storm clouds on the horizon [67] - The company expects continued growth in solid waste business and increased contributions from sustainability investments [19][41] - Management highlighted the importance of technology investments to drive operational efficiency and reduce labor dependence [60][72] Other Important Information - The company has suspended its share buyback program to focus on M&A growth, particularly the Stericycle acquisition [39] - Total capital expenditures for the year are expected to be between $3.15 billion and $3.25 billion, reflecting ongoing sustainability investments [38] Q&A Session Summary Question: Renewable segment EBITDA expectations for Q4 and 2025 - Management expects to deliver $120 million to $130 million from sustainability-related businesses in 2024, with a long-term goal of $800 million by 2027 [45][46] Question: Revenue guidance raise and Q4 momentum - The revenue guidance raise was driven by strong Q3 performance, particularly from recycled commodity prices and landfill volumes, though caution was expressed regarding recycling commodity prices for Q4 [64][65] Question: Pricing cost spread outlook - Management remains optimistic about pricing objectives, with a disciplined approach to pricing and a positive impact on operating expenses and margins [69][70] Question: Recycling investments returns - The company reported a 30% improvement in labor cost per ton and a 17% higher blended value on commodities sold from automated recycling plants [77][82] Question: Stericycle acquisition integration and pricing strategy - Integration planning focuses on optimizing operations and leveraging technology to enhance efficiency and reduce costs, with a bullish long-term outlook for the medical waste segment [88][90] Question: Solid waste M&A activity - The company closed nearly $800 million in acquisitions, with a strong pipeline for additional deals, particularly in strategic markets [93][95]

Waste Management Inc. (WM) reported impressive third-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.WM’s quarterly adjusted earnings of $2 per share beat the consensus mark by 5.4% and gained 20.3% on a year-over-year basis. Total revenues of $5.6 billion surpassed the consensus mark by 2% and grew 7.9% from the year-ago quarter.Thestock has gained 17.6% in the year-to-date period, outperforming 13.7% ...

For the quarter ended September 2024, Waste Management (WM) reported revenue of $5.61 billion, up 7.9% over the same period last year. EPS came in at $1.96, compared to $1.63 in the year-ago quarter.The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $5.5 billion. With the consensus EPS estimate being $1.86, the EPS surprise was +5.38%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Waste Management (WM) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.38%. A quarter ago, it was expected that this garbage and recycling hauler would post earnings of $1.82 per share when it actually produced earnings of $1.82, delivering no surprise.Over the last four quarters, th ...

Waste Management, Inc. WM will release earnings results for its third quarter, after the closing bell on Monday, Oct. 28,Analysts expect the Houston, Texas-based company to report quarterly earnings at $1.89 per share, up from $1.63 per share in the year-ago period. Waste Management projects to report revenue of $5.51 billion for the recent quarter, compared to $5.2 billion a year earlier, according to data from Benzinga Pro.On Oct. 3, William Blair analyst Trevor Romeo initiated coverage on Waste Managemen ...

Waste Management, Inc (WM) is scheduled to release third-quarter 2024 results on Oct. 28, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.WM’s earnings surprise history has been decent. It beat on earnings in three of the trailing four quarters and met once, the average surprise being 7.5%.Waste Management’s Q3 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $5.5 billion, hinting at 5.8% growth from the year-ago quarter’s reported actuals. We expect the ...

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The market expects Waste Management (WM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 28, 2024, might help the stock move higher if these key numb ...

Pune, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Construction and Demolition Waste Management Market Size & Growth Analysis: “According to SNS Insider Research, The Construction and Demolition Waste Management Market size was estimated at US$ 162.02 billion in 2023 and is expected to reach US$ 261.20 billion by 2032, at a CAGR of 5.50% during the forecast period of 2024-2032.” Building a Sustainable Future: Innovations in Construction and Demolition Waste Management The Construction and Demolition (C&D) Waste Manage ...

The latest trading session saw Waste Management (WM) ending at $213.14, denoting a -0.3% adjustment from its last day's close. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.28%. Prior to today's trading, shares of the garbage and recycling hauler had gained 5.25% over the past month. This has outpaced the Business Services sector's gain of 2.97% and the S&P 500's gain of 3.48% in that time. The upcoming earnings release of Waste ...