Waste Management Q2 2024 Earnings Report
Key Takeaways
Waste Management reported a 5.5% increase in revenue and a 10.3% increase in adjusted operating EBITDA. Margin expanded by 130 basis points, reaching 30.0%. The company continues to expand its core collection and disposal operations through acquisitions and is making progress on sustainability investments.
Revenue grew by 5.5% driven by momentum on pricing programs and cost optimization.
Adjusted operating EBITDA increased by 10.3% with margin expansion of 130 basis points.
Strategic expansion continues through targeted acquisitions in new and growth markets.
Progress on sustainability investments with upgraded recycling facilities and renewable energy projects.
Waste Management
Waste Management
Forward Guidance
Waste Management raised its full-year outlook for adjusted operating EBITDA and free cash flow by $100 million after Q1.