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Dec 31, 2019
Waste Management Q4 2019 Earnings Report
Announced fourth quarter and full-year 2019 earnings, grew full-year net cash provided by operating activities, and was named to CDP’s ‘A List’ for leading effort toward a low-carbon future.
Key Takeaways
Waste Management announced its Q4 2019 financial results, with revenues reaching $3.85 billion. Net income for the quarter was $447 million, or $1.05 per diluted share. On an adjusted basis, earnings per diluted share were $1.19 for the fourth quarter of 2019.
Revenues for the fourth quarter of 2019 were $3.85 billion, compared with $3.84 billion for the same 2018 period.
Net income for the quarter was $447 million, or $1.05 per diluted share, compared with net income of $531 million, or $1.24 per diluted share, for the fourth quarter of 2018.
On an adjusted basis, earnings per diluted share were $1.19 for the fourth quarter of 2019, compared with $1.13 for the fourth quarter of 2018.
Total Company operating EBITDA was $1.05 billion for the fourth quarter of 2019.
Forward Guidance
Waste Management provided its 2020 outlook, anticipating adjusted operating EBITDA between $4.56 and $4.66 billion and projecting free cash flow between $2.15 and $2.25 billion.
Positive Outlook
- Adjusted operating EBITDA is expected to be between $4.56 and $4.66 billion for the full year.
- Core price is expected to be 4.0% or greater.
- Internal revenue growth from yield on the collection and disposal business is expected to be about 2.5%.
- Internal revenue growth from volume is expected to be about 1.5%.
- Free cash flow is projected to be between $2.15 and $2.25 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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