Core Viewpoint - Waste Management, Inc. reported mixed first-quarter 2025 results, with earnings exceeding estimates but revenues falling short [1] Financial Performance - Adjusted earnings per share were $1.67, surpassing the consensus estimate by 1.2% but declining 4.6% year over year [1] - Total revenues reached $6 billion, missing the consensus mark by 1.3% but growing 16.7% from the previous year [1] Segment Performance - Collection segment revenues were $4.3 billion, up 4.7% year over year but below the estimate of $4.7 billion [3] - Landfill segment revenues increased 3.6% to $1.2 billion, missing the projection of $1.4 billion [3] - Transfer segment revenues rose 5.7% to $592 million, falling short of the estimate of $681.4 million [3] - Recycling Processing and Sales segment revenues grew 6.7% to $465 million, missing the estimate of $526.3 million [3] - Renewable Energy segment revenues were $92 million, up 31.4% year over year and exceeding the estimate of $89 million [4] - Healthcare Solutions Corporate and Other segment recorded revenues of $627 million, significantly surpassing the estimate of $121 million [4] Operating Metrics - Adjusted operating EBITDA was $1.7 billion, missing the estimate of $1.8 billion but increasing 12.2% from the year-ago quarter [5] - Adjusted operating EBITDA margin decreased by 110 basis points to 28.5%, below the estimate of 30.1% [5] Cash Flow and Dividends - Cash generated from operating activities was $1.2 billion, with capital expenditures of $831 million [6] - Free cash flow amounted to $475 million, and $336 million in cash dividends were distributed to shareholders [6] Stock Performance - The stock has gained 7.4% over the past six months, outperforming the industry growth of 3.6% and the S&P 500 decline of 4.1% [2]

Waste Management (WM) Q1 2025 Earnings Call April 29, 2025 10:00 AM ET Company Participants Edward Egl - Vice President of Investor RelationsJames Fish - President and Chief Executive OfficerJohn Morris - Executive VP & COODevina Rankin - Executive VP & CFOKevin Chiang - Director - Institutional Equity ResearchRafael Carrasco - Senior VP, Enterprise Strategy & PresidentTyler Brown - Financial AdvisorTara Hemmer - Senior VP & Chief Sustainability OfficerSabahat Khan - Managing DirectorTobey Sommer - Managing ...

Core Insights - Waste Management (WM) reported $6.02 billion in revenue for Q1 2025, a year-over-year increase of 16.7% [1] - The EPS for the same period was $1.67, down from $1.75 a year ago, with a surprise of +1.21% over the consensus estimate [1] - The reported revenue was a slight miss, with a surprise of -1.33% compared to the Zacks Consensus Estimate of $6.1 billion [1] Financial Performance Metrics - Internal Revenue Growth for the total company was 16.7%, slightly above the average estimate of 16.1% from six analysts [4] - Internal revenue growth as a percentage of total company was 3.5%, below the four-analyst average estimate of 4.9% [4] - Volume growth as a percentage of total company was 0.1%, compared to the three-analyst average estimate of 0.8% [4] Segment Performance - Operating revenues from Recycling were reported at $384 million, below the estimated $442.21 million, representing a year-over-year increase of 4.4% [4] - Operating revenues from WM Renewable Energy were $91 million, slightly below the estimated $94.08 million [4] Stock Performance - Shares of Waste Management returned +0.2% over the past month, outperforming the Zacks S&P 500 composite, which declined by -4.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

This quarterly report represents an earnings surprise of 1.21%. A quarter ago, it was expected that this garbage and recycling hauler would post earnings of $1.79 per share when it actually produced earnings of $1.70, delivering a surprise of -5.03%. Waste Management (WM) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for non-recurring items. Empirical research s ...

Revenue Performance - Total revenue for Q1 2025 was $6,018 million, representing a 16.7% increase compared to $5,159 million in Q1 2024[2] - Operating revenues for Q1 2025 were $6,018 million, a 16.6% increase from $5,159 million in Q1 2024[21] - Total collection and disposal revenues for Q1 2025 were $6,038 million, up from $5,774 million in Q1 2024, marking a 4.6% increase[27] - Internal revenue growth for the company was 16.7% for the three months ended March 31, 2025, compared to the same period in 2024[29] Profitability Metrics - Adjusted operating EBITDA for Q1 2025 was $1,669 million, up 12.2% from $1,530 million in Q1 2024, with an operating EBITDA margin of 27.7%[2][3] - The company achieved a net income of $637 million, with diluted EPS of $1.58, compared to $708 million and $1.75 in the prior year[2] - Consolidated net income for Q1 2025 was $637 million, down from $707 million in Q1 2024, representing a decrease of 9.9%[21] - Basic earnings per share for Q1 2025 were $1.58, compared to $1.76 in Q1 2024, reflecting a decline of 10.2%[21] Operating Expenses - Operating expenses for the total company were $3,647 million, maintaining a margin of 60.6%[5] - SG&A expenses totaled $687 million, with a margin of 11.4%, reflecting continued cost discipline[6] - Adjusted operating expenses for the same period were $3,640 million, compared to $3,140 million in 2024, reflecting an increase of 15.9%[47] - The adjusted SG&A expenses were reported at $663 million, up from $491 million in the prior year, indicating a rise of 35%[47] Cash Flow and Investments - The company generated $1.21 billion in net cash from operating activities, with free cash flow of $475 million[12] - Free cash flow for the three months ended March 31, 2025, was $475 million, down 33.5% from $714 million in the same period of 2024[33] - Net cash provided by operating activities decreased to $1,208 million in Q1 2025 from $1,367 million in Q1 2024, representing a decline of 11.6%[33] - The free cash flow for 2025 is projected to be between $2,675 million and $2,775 million, with net cash provided by operating activities at $5,750 million[47] Capital Expenditures and Debt - Capital expenditures for Q1 2025 were $831 million, an increase from $668 million in Q1 2024[25] - The company’s long-term debt increased to $22,883 million as of March 31, 2025, compared to $22,541 million at the end of 2024[23] - The company anticipates capital expenditures to support the business to be approximately $2,575 million in 2025[47] Sustainability and Growth Initiatives - Investments in sustainability growth projects amounted to $128 million, including two recycling automation projects completed during the quarter[12] - The company plans to invest $600 million in sustainability growth investments as part of its capital expenditures[47] - The company is on track to achieve targeted synergies of $80 to $100 million from the Stericycle acquisition in 2025[7] Tax and Other Expenses - The effective tax rate for Q1 2025 was 19.2%, slightly higher than 18.6% in Q1 2024[40] - Total landfill depletion expense increased to $218 million in Q1 2025, compared to $209 million in Q1 2024, driven by increased volumes at higher cost sites[34][35] - The Stericycle acquisition and integration-related costs were adjusted to $24 million, affecting the overall SG&A expenses[47]

Wall Street analysts forecast that Waste Management (WM) will report quarterly earnings of $1.65 per share in its upcoming release, pointing to a year-over-year decline of 5.7%. It is anticipated that revenues will amount to $6.11 billion, exhibiting an increase of 18.4% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Waste Management (WM) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 28. O ...

Core Insights - The Waste Management and Remediation Services market is projected to grow from $762.9 billion in 2024 to $822.05 billion in 2025, with a compound annual growth rate (CAGR) of 7.8% [2] - By 2029, the market is expected to reach $1.07 trillion, driven by circular economy initiatives, sustainability efforts, and technological advancements [2][3] Market Growth Drivers - Increasing waste generation and environmental concerns are key factors driving market growth [1][3] - Urbanization and population growth are heightening the demand for effective waste management solutions [3] - The World Bank projects annual waste generation to reach 3.88 billion tons by 2050, emphasizing the need for efficient waste management [3] Technological Advancements - Notable advancements include sensor technology that monitors waste bin fill levels, improving service efficiency and recycling processes [4] - Innovations like OnePlus Systems' OnePlus Metro sensor help waste management companies manage waste containers more effectively [4] Industry Initiatives - Leading companies are pursuing innovative recycling solutions, such as Casella Waste Systems Inc.'s partnership with TerraCycle to recycle hard-to-recycle items [5] - These initiatives aim to divert waste from landfills and enhance community engagement [5] Key Players - Major companies in the sector include Waste Management Inc., Suez Environnement SA, Republic Services Inc., and Veolia Environnement SA, providing a range of waste management services [6][20] - These companies operate across various sectors, including residential and industrial domains [6] Regional Insights - Western Europe is the leading market, followed by the Asia-Pacific region, with significant coverage of Eastern Europe, North America, and Africa [7] - The report provides insights into market size, regional shares, competitor strategies, and emerging opportunities [7] Market Characteristics - The report details market segmentation into waste collection, treatment, disposal, and remediation services, along with other waste management services [12][19] - It also examines the competitive landscape, identifying leading companies and their market shares [13] Future Outlook - The report forecasts a market value of $822.05 billion in 2025 and $1.07 trillion by 2029, with a CAGR of 7% [17] - It covers historical data and forecasts extending ten years into the future, providing a comprehensive overview of market movements [15]

TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) announces that Tony Makuch is stepping down as a Director and Chairperson of the Board of Wallbridge. Janet Wilkinson, who currently serves as an independent director, has been appointed Chairperson of the Board, effective April 9, 2025. “On behalf of the Board, I take this opportunity to express our deep appreciation to Tony for having served as a dedicated Chairperson and m ...

Dublin, April 09, 2025 (GLOBE NEWSWIRE) -- The "Waste Management Compliance - How to Stay Within the Law Training Course" training has been added to ResearchAndMarkets.com's offering. This masterclass is ideally suited for anyone involved in dealing with waste management within a business or organisation. By attending this course you will: Who Should Attend: Certifications: Key Topics Covered: Classifying waste There is a legal obligation upon businesses to ensure that waste is handled and disposed of in th ...