Last10K.com

Waste Management Inc (WM) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Waste Management Inc

CIK: 823768 Ticker: WM

 

EXHIBIT 99.1

For Immediate Release
 

WM Announces Second Quarter Earnings

 

 

 

 

 

 

FOR MORE INFORMATION

 

Waste Management

 

Website

www.wm.com

 

 

Revenue Growth Exceeds Expectations Driven by Accelerated Volume Recovery

 

Strong Financial Results Position Company to Further Increase 2021 Financial Guidance

 

 

Houston — July 27, 2021 — Waste Management, Inc. (NYSE: WM) today announced financial results for the quarter ended June 30, 2021.

 

        Analysts
  Three Months Ended   Three Months Ended Ed Egl
  June 30, 2021   June 30, 2020 713.265.1656
  (in millions, except per share amounts)   (in millions, except per share amounts) eegl@wm.com
         
  As Reported As Adjusted(a)   As Reported As Adjusted(a)
           

Revenue $4,476 $4,476   $3,561 $3,561 Media

Toni Werner

Income from Operations $791 $813   $527 $612

corp_comm@wm.com

           
Operating EBITDA(b) $1,291 $1,313   $941 $1,026

             
Operating EBITDA Margin 28.8% 29.3%   26.4% 28.8%  

 

Net Income(c)

$351 $538   $307 $372  
             
Diluted EPS $0.83 $1.27   $0.72 $0.88  
   
   

“Our business produced tremendous growth in the second quarter as the economy continued to recover from the pandemic, and we made further progress on our integration of the Advanced Disposal operations,” said Jim Fish, WM’s President and Chief Executive Officer. “The acquisition of Advanced Disposal, the return of volumes from early pandemic levels, and our continued focus on cost control all contributed to financial outcomes that exceeded expectations. In the second quarter, as adjusted operating EBITDA grew 28%, adjusted operating EBITDA margin expanded 50 basis points, and we generated more than $1 billion of cash from operations.(a) We continue to execute on our pricing programs and efficiently manage our costs as volumes return.”

 
   

Fish continued, “As a result of our strong performance through the first half of 2021 and our confidence in the continued strength of our business model, we are increasing our full-year revenue, adjusted operating EBITDA, and free cash flow guidance.(a) In addition, due to our robust cash generation, we are increasing our expectations for 2021 share repurchases up to our full authorization of $1.35 billion.”

 

 


The following information was filed by Waste Management Inc (WM) on Tuesday, July 27, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Waste Management Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Waste Management Inc.

Continue

Assess how Waste Management Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Waste Management Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
M & A
Other
Filter by Subcategory:
All
Income
Product
Expense
Dividend
Earnings
Shares
Cash Flow
Geography
Other
Inside Waste Management Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statement Of Changes In Equity (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Changes In Equity
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Tables)
Accumulated Other Comprehensive Loss - Changes (Detail)
Accumulated Other Comprehensive Loss - Tax Impact (Detail)
Acquisition Of Advanced Disposal
Acquisition Of Advanced Disposal (Detail)
Acquisition Of Advanced Disposal (Tables)
Acquisition Of Advanced Disposal - Divestitures (Detail)
Acquisition Of Advanced Disposal - Intangible Allocation (Detail)
Acquisition Of Advanced Disposal - Purchase Allocation (Detail)
Basis Of Presentation
Basis Of Presentation (Detail)
Basis Of Presentation (Policies)
Basis Of Presentation - Revenue Recognition (Details)
Commitments And Contingencies
Commitments And Contingencies - Quarter (Details)
Common Stock Repurchase Program
Common Stock Repurchase Program (Detail)
Debt
Debt (Tables)
Debt - Borrowings And Repayments (Detail)
Debt - Classification And Utilization (Detail)
Debt - Components (Detail)
Divestitures, Asset Impairments And Unusual Items
Divestitures, Asset Impairments And Unusual Items (Detail)
Earnings Per Share
Earnings Per Share (Detail)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Debt (Detail)
Fair Value Measurements - Recurring (Detail)
Income Taxes
Income Taxes - Quarter Information (Detail)
Landfill And Environmental Remediation Liabilities
Landfill And Environmental Remediation Liabilities (Tables)
Landfill And Environmental Remediation Liabilities - Changes (Detail)
Landfill And Environmental Remediation Liabilities - Summary (Detail)
Segment And Related Information
Segment And Related Information (Tables)
Segment And Related Information - Information (Detail)
Segment And Related Information - Revenues Mix (Detail)
Segment And Related Information - Summary (Detail)
Variable Interest Entities
Variable Interest Entities (Detail)
Ticker: WM
CIK: 823768
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-21-009319
Submitted to the SEC: Tue Jul 27 2021 12:09:16 PM EST
Accepted by the SEC: Tue Jul 27 2021
Period: Wednesday, June 30, 2021
Industry: Refuse Systems

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/wm/0001558370-21-009319.htm