WASTE MANAGEMENT INC (WM): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Waste Management (WM) reported 6.3% core pricing growth and 110 basis points of margin expansion in Q1 2026. Its dividend has more than doubled since 2017, consuming 22% of operating cash flow. WM's shares trade near their 52-week low, with a forward P/E of 26. CEO Jim Fish will retire in January 2027, succeeded by John Morris. The company's landfill network and non-discretionary services provide economic stability.

WM benefits from steady waste collection demand, pricing discipline, and sustainability investments. Q2 2026 saw 5.7% core price growth, 4% revenue increase, and 30.9% adjusted EBITDA margin. However, high debt ($23.36B) and tight liquidity pose challenges. WM returned $1B to shareholders via buybacks and dividends. Adjusted earnings beat estimates, but revenues missed slightly.

Waste Management (WM) is a Houston-based company involved in waste collection, transportation, and recycling. Its shares have risen less than 2% this year, trading at a forward P/E of 28. WM has a competitive advantage due to its extensive landfill network and utility-like pricing power. The company reported Q2 revenue of $6.68B, up 4% YoY, and EPS of $1.95, up 8% YoY. WM forecasts full-year adjusted EBITDA between $8.15B and $8.25B, and free cash flow between $3.75B and $3.85B.

Revenue: $6.68 billion vs analyst estimates of $6.71 billion (4% year-on-year growth, in line) Adjusted EPS: $2.02 vs analyst estimates of $1.98 (2.1% beat) Adjusted EBITDA: $2.07 billion vs analyst estimates of $2.03 billion (30.9% margin, 1.6% beat) EBITDA guidance for the full year is $8.2 billion at the midpoint, in line with analyst expectations Operating Margin: 18.7%, in line with the same quarter last year Market Capitalization: $95.01 billion Cost discipline and automation:...

Waste Management (WM) reported Q2 2026 revenue of $6.68B, up 4.0% y/y. Recycling and renewable energy adjusted operating EBITDA rose to $163M, up 32.5%, helped by higher volumes, automation efficiencies, and more RNG output. WM said full-year outlook is slightly ahead, raised EBITDA margin guidance to 31% to 31.2%, and narrowed revenue to $26.275B-$26.475B.

WASTE MANAGEMENT INC (WM) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 tm2621414d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 WM Announces Second Quarter 2026 Earnings Cash Flow from Operations Increases Nearly 12%, Supporting the Return of More Than $1 Billion to Shareholders During the Quarter WM Completes Four Sustainability Growth Projects a