Waste Management 3Q Revenue Climbs, Sees Fiscal Year Revenue at Low End of Prior View
By Freddy Sebastian
Waste Management's revenue gained in the latest third quarter but expects it at the low end of its previous guidance for the year, blaming more declines in recycled commodity pricing.
The garbage and recycling company posted a profit of $603 million, or $1.49 a share, for the three months ended Sept. 30, down from $760 million, or $1.88 a share, a year earlier.
On an adjusted basis, the company reported earnings of $1.98 a share. Analysts polled by FactSet expected adjusted earnings of $2.02 a share.
Shares fell 2.1% to $209.26 in afterhours trading on Monday.
Revenue for the quarter climbed to $6.44 billion from $5.61 billion. Analysts were expecting revenue of $6.50 billion.
Through the first nine months of the year, the company generated $4.35 billion of net cash from operating activities, up 12% from a year earlier, while free cash flow came in at $2.11 billion, up 13.5%.
For fiscal 2025, Waste Management said it expects total revenue at $25.28 billion, at the low end of its previous guidance, compared with analysts' estimates of $25.35 billion.
The company is estimating free cash flow at $2.8 billion to $2.9 billion for the year.
Write to Freddy Sebastian at freddy.sebastian@wsj.com
(END) Dow Jones Newswires
October 27, 2025 17:42 ET (21:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States