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Mar 31, 2023

Waste Management Q1 2023 Earnings Report

Reported solid financial performance driven by organic revenue growth in the collection and disposal business.

Key Takeaways

WM's Q1 2023 performance was in line with expectations, with organic revenue growth in the collection and disposal business of 7.0%. The company remains focused on cost management, technology and automation, disciplined pricing, and sustainability growth investments.

Delivered results in line with expectations.

Achieved organic revenue growth in the collection and disposal business of 7.0%.

Focused on cost management, technology and automation.

Named by Forbes as one of the Best Employers for Diversity in 2023.

Total Revenue
$4.89B
Previous year: $4.66B
+5.0%
EPS
$1.31
Previous year: $1.29
+1.6%
Gross Profit
$1.81B
Previous year: $1.76B
+2.7%
Cash and Equivalents
$257M
Previous year: $155M
+65.8%
Total Assets
$31.3B
Previous year: $29.2B
+7.1%

Waste Management

Waste Management

Forward Guidance

The company is on track to achieve the full-year guidance provided at the end of January and remains laser focused on cost management and leveraging technology and automation to drive permanent cost reductions, disciplined pricing, and execution on sustainability growth investments.