Waste Management Inc (XTER:UWS)

€ 197.16 -2.78 (-1.4%) Market Cap: 79.08 Bil Enterprise Value: 93.83 Bil PE Ratio: 32.76 PB Ratio: 10.78 GF Score: 75/100

Q2 2024 Waste Management Inc Earnings Call Transcript

Jul 25, 2024 / 02:00 PM GMT

Release Date Price: €186.6 (-7.12%)

Transcript 10-Q8-K

Key Points

Positve

Waste Management Inc (WM) achieved double-digit operating EBITDA growth in the second quarter, maintaining their pace to meet the full-year outlook.
Quarterly operating EBITDA margin reached 30% for the first time in the company's history, driven by technology investments and effective pricing strategies.
The acquisition of Stericycle is expected to add complementary business platforms and drive higher growth in the medical waste industry.
WM closed more than $750 million in solid waste acquisitions through July, strengthening core operations in new geographies like Long Island, New York.
Investments in renewable natural gas projects and recycling automation are expected to drive strong returns and environmental benefits, with several projects coming online in 2024.

Negative

Volume in the roll-off line of business continues to show softness, particularly in the temporary business driven by homebuilding and the industrial sector.
Risk management costs impacted the quarterly results, contributing to a 50 basis point headwind.
Lower industrial volumes and elevated commodity prices are expected to create headwinds in the second half of the year.
The integration of tuck-in acquisitions tends to come in at a lower contribution margin than the base business, impacting overall margins.
Minor delays in the construction of renewable natural gas plants have resulted in a negative impact of approximately $11 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WM.N - Waste Management Inc
Q2 2024 Waste Management Inc Earnings Call
Jul 25, 2024 / 02:00PM GMT

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Presentation
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Operator [1]
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Good day, and thank you for standing by, and welcome to WM Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question and answer session to ask a question. During the session, you will need to press star one one on your telephone. You will then have automatic message advising you hand this race. To withdraw your question simply press Star one one. Again, please note that today's conference is being recorded. I will now hand the conference over to your speaker host at April Vice President, Investor Relations. Please go ahead.

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Unidentified_2 [2]

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