Citable filing context
WM's research view summarizes recent SEC filing context, starting with earnings from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | earnings | Waste Management reported Q2 2026 revenue of $6.68 billion and diluted EPS of $1.95. |
| May 14, 2026 | other | Stockholders approved director elections, auditor ratification, executive compensation, and an amended Employee Stock Purchase Plan. |
| May 13, 2026 | management_change | Tara Hemmer promoted to COO; Rafael Carrasco to retire as SVP and President of WM Healthcare Solutions. |
| Jul 28, 2026 | Guidance: adjusted_operating_ebitda | 8150.00 to 8250.00 |
| Jul 28, 2026 | Guidance: adjusted_operating_ebitda_margin | 31.00 to 31.20 |
| Jul 28, 2026 | Guidance: free_cash_flow | 3750.00 to 3850.00 |
| Jul 29, 2026 | mda_quarterly | Waste Management (WM) reported second-quarter 2026 revenues of $6.68 billion, a 4.0% increase year-over-year, driven primarily by strong yield performance in its Collection and Disposal business and volume growth in its Renewable Energy and Recycling segments. Operating income rose to $1.25 billion, reflecting successful cost-control initiatives, operational efficiencies, and the realization of synergies from the Stericycle acquisition, which is now integrated as the Healthcare Solutions segment. The company’s strategy centers on "focused differentiation," leveraging its extensive asset network while investing in automation to reduce labor dependency in high-turnover roles. Despite inflationary pressures and rising diesel fuel costs, WM maintained margins by flexing spending in response to lower collection volumes and implementing effective pricing strategies. Notably, free cash flow increased significantly to $1.10 billion, aided by a transition from peak construction of sustainability growth projects to a "harvesting returns" phase. Key risks include commodity price volatility—specifically declining prices for recycled materials and Renewable Natural Gas (RNG)—and potential regulatory hurdles regarding environmental disclosures and landfill permits. While the company faces intense competition and cyclical economic sensitivity, its robust cash generation supports ongoing capital allocation, including $1.04 billion returned to shareholders via dividends and buybacks during the quarter. |
| Apr 29, 2026 | mda_quarterly | Waste Management’s first-quarter 2026 revenues increased 3.5% to $6.227 billion, primarily driven by higher yields in the Collection and Disposal business—specifically a 6.9% yield increase in municipal solid waste—and volume growth in the Renewable Energy segment. Operating income rose 9.9% to $1.113 billion, while free cash flow grew significantly to $920 million as the company transitioned from peak construction of sustainability projects to a period of harvesting returns. Financial performance was tempered by a 27% decline in single-stream recycled commodity prices and unfavorable RNG pricing. Operating expenses were pressured by a 12% increase in diesel fuel prices and rising annual wages and medical costs. To mitigate labor dependency and inflationary pressures, the company is investing in automation and digitalization across its collection and recycling operations. The Healthcare Solutions segment, incorporating the Stericycle acquisition, is shifting from integration to scalable growth. Key risks include commodity price volatility, landfill capacity constraints, and evolving environmental regulations regarding emerging contaminants and gas emissions. During the quarter, the company allocated $729 million to shareholders through dividends and common stock repurchases. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
WM company research is available with Aerarium Pro (CAD $10/mo). The five showcase tickers (TSLA, NVDA, AAPL, AMZN, PLTR) and the macro dashboard stay free. Already a subscriber? Sign in to pick up where you left off.