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Jun 30, 2022
Waste Management Q2 2022 Earnings Report
Exceeded expectations due to outstanding results, building on first quarter momentum and positioning the company to increase full-year financial outlook.
Key Takeaways
Waste Management announced strong financial results for Q2 2022, driven by exceptional organic revenue growth and diligent cost management. The company exceeded expectations, leading to an increase in the full-year financial outlook. They also achieved milestones in their sustainability growth journey by bringing a new renewable natural gas plant into service and completing technology and automation upgrades at a materials recovery facility.
Operating EBITDA in the collection and disposal business increased by approximately $107 million to $1.53 billion.
The company brought its fifth WM-owned and operated renewable natural gas plant into service in Oklahoma.
Technology and automation upgrades were completed at the materials recovery facility in Houston.
The company continues to diligently manage costs in an inflationary environment while remaining focused on advancing long-term strategic priorities.
Waste Management
Waste Management
Forward Guidance
Waste Management raised its 2022 financial guidance.