In the latest trading session, Waste Management (WM) closed at $223.32, marking a +1.1% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%. Heading into today, shares of the garbage and recycling hauler had gained 6.25% over the past month, outpacing the Business Services sector's gain of 0.5% and the S&P 500's gain of 4.43% in that time. Analysts and investors alike w ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $5.41 billion, up 5.7% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP c ...

VGM Score The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. That's where the Style Scores come in. Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too. Headquartered in Houston, Texas, Waste Management Inc. is a ...

Summary of Waste Management, Inc. Conference Call Company Overview - **Company**: Waste Management, Inc. (NYSE: WM) - **Event**: Stifel 2024 Cross Sector Insight Conference - **Date**: June 5, 2024 Key Points Industry Context - Waste Management operates in the environmental services sector, focusing on waste collection and disposal, including medical waste management [1][16]. Acquisition Details - Waste Management is in the process of acquiring Stericycle, a company specializing in medical waste management [1][15]. - The acquisition is viewed as a strategic move to enhance Waste Management's capabilities in the medical waste sector, which is projected to grow at 5% to 6% annually [19][20]. Financial Projections and Synergies - The expected timeline for closing the acquisition is approximately four to five months, barring any second requests from regulatory bodies [3][4]. - Waste Management aims to return to a target leverage ratio of 2.75 to 3 within 18 months post-acquisition [8]. - The acquisition is anticipated to generate significant synergies, including: - Reduction of duplicate public company costs estimated at $60 million [10]. - Streamlining IT systems, with potential savings of $25 to $30 million [10]. - Lean SG&A management, with expectations to reduce Stericycle's SG&A from 22% to closer to Waste Management's 9% [18][27]. Strategic Rationale - The acquisition is seen as a way to enhance operational efficiencies, particularly in routing and logistics, where Waste Management has invested heavily [17][18]. - There is a strong emphasis on cross-selling opportunities between Waste Management's existing services and Stericycle's offerings, particularly in the healthcare sector [22][33][59]. - Waste Management's leadership believes that the integration will allow for a broader suite of services, enhancing their competitive position in the market [34][45]. Market Position and Growth - Waste Management's solid waste business is expected to grow at 1% to 2% over the next decade, while the medical services business is projected to grow at a higher rate [20]. - The company is focused on maintaining a strong balance sheet and capital efficiency, which is expected to support continued growth in free cash flow [61][65]. International Considerations - Waste Management is not currently planning to expand aggressively into European markets but is open to exploring opportunities that may arise from Stericycle's existing international operations [70][72]. Conclusion - The acquisition of Stericycle is positioned as a strategic growth opportunity for Waste Management, with a focus on operational efficiencies, cost reductions, and enhanced service offerings in the medical waste sector [62][68]. The leadership is optimistic about the potential for synergies and the long-term growth trajectory of the combined businesses [66][67].

Waste Management, Inc. (NYSE:WM) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Ed Egl - Senior Director, Investor Relations Jim Fish - President and CEO John Morris - Executive Vice President and COO Devina Rankin - Executive Vice President and CFO Tara Hemmer - Senior Vice President and CSO Conference Call Participants Tyler Brown - Raymond James Bryan Burgmeier - Citi Jerry Revich - Goldman Sachs Sabahat Khan - RBC Capital Markets Hilary Lee - Morgan Stanley Michael Hoff ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Commission file number 1-12154 Waste Management, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer Delaware 73-1309529 incorporation or organization) Identification No.) 800 Capitol Street Suite 3000 Houston, Texas 77002 (Ad ...

HOUSTON — Apr. 24, 2024 — WM (NYSE: WM) today announced financial results for the quarter ended March 31, 2024. | | Three Months Ended March 31, 2024 | | Three Months Ended March 31, 2023 | | | --- | --- | --- | --- | --- | | | (in millions, except per share amounts) | | (in millions, except per share amounts) | | | | As Reported | As Adjusted | As Reported | As Adjusted | | Revenue | $5,159 | $5,159 | $4,892 | $4,892 | | Income from Operations | $1,016 | $1,014 | $825 | $828 | | Operating EBITDA | $1,530 | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12154 Waste Management, Inc. (Exact name of registrant as specified in its charter) Delaware 73-1309529 (Stat ...

Waste Management, Inc. (NYSE:WM) Q4 2023 Earnings Conference Call February 13, 2024 10:00 AM ET Company Participants Edward A. Egl - Senior Director of Investor Relations James C. Fish - President and Chief Executive Officer Devina A. Rankin - Executive Vice President, Chief Financial Officer John J. Morris - Executive Vice President, Chief Operating Officer Tara J. Hemmer - Senior VP & Chief Sustainability Officer Conference Call Participants Noah Kaye - Oppenheimer Bryan Burgmeier - Citi Jerry Revich - Go ...

Waste Management, Inc. (NYSE:WM) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Ed Egl - Senior Director, IR Jim Fish - President and CEO John Morris - EVP and COO Devina Rankin - EVP and CFO Tara Hemmer - SVP and Chief Sustainability Officer Conference Call Participants Bryan Burgmeier - Citi Tyler Brown - Raymond James Jasper Bibb - Truist Securities Jerry Revich - Goldman Sachs Noah Kaye - Oppenheimer Hans Hoffman - Jefferies Dave Manthey - Baird Brian Butler - Stifel ...