WM Announces First Quarter 2026 Earnings

About this update from Waste Management, Inc.

[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--WM (NYSE: WM) today announced financial results for the quarter ended March 31, 2026.   Three Months Ended   Three Months Ended   March 31, 2026 (in millions, except per share amounts)   March 31, 2025 (in millions, except per share amounts)     As Reported As Adjusted(a)   As Reported As Adjusted(a)             Revenue $6,227 $6,227   $6,018 $6,018             Income from Operations $1,113 $1,118   $1,013 $1,059             Operating EBITDA(b) (c) $1,848 $1,853   $1,704 $1,750             Operating EBITDA Margin 29.7% 29.8%   28.3% 29.1%             Net Income(d) $723 $731   $637 $673             Diluted EPS $1.79 $1.81   $1.58 $1.67 Expand “Strong earnings and cash flow results in the quarter achieved our expectations, reflecting the strength of the WM team and the resilience of our business model,” said Jim Fish, WM’s CEO. “Disciplined pricing, cost optimization and contributions from sustainability growth projects led to first quarter adjusted operating EBITDA growth of 5.9% and margin expansion of 70 basis points despite a challenging quarter of weather impacts.(a) The momentum in our business, combined with our confidence in our ability to execute on our plan for the balance of the year, sets us up to achieve the full-year financial outlook we provided last quarter.” Fish continued, “Our start to 2026 strengthens our conviction in the ability to harvest the benefits of our strategic investments in recycling, renewable energy, a medical waste platform, technology, and our fleet, as free cash flow nearly doubled in the quarter compared to prior year.(a) We allocated the majority of first quarter free cash flow to shareholders, returning nearly $730 million through dividends and share repurchases during the quarter. Our balance sheet remains flexible, reflecting our financial discipline and positioning WM to capitalize on opportunities in any economic environment.” KEY HIGHLIGHTS FOR THE FIRST QUARTER OF 2026 Adjusted operating EBITDA grew 5.9%, with margin expanding 70 basis points.(a) Performance was led by the Collection and Disposal business, driven by di...

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