WM - Waste Management Inc Stock Price Quote - NYSE:WM | Morningstar

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NYSE:WM

Is it the right time to buy or sell?

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Is it the right time to buy or sell?

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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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WM's Strong Operating Performance Continues; Company Maintains Full-Year Guidance

Sector Director Brian Bernard

Brian Bernard, CFA, CPA Sector Director

Analyst Note

| Brian Bernard, CFA, CPA | Oct 27, 2022

Wide-moat WM reported third-quarter results that were mostly in line with our expectations. Overall, the company delivered strong results, which featured 9% year-over-year revenue growth, 50 basis points of adjusted EBITDA margin expansion to 28.6%, and 24% adjusted EPS growth to $1.56. Management maintained its full-year guidance for about 10% revenue growth and a 28.1% adjusted EBITDA margin (at the midpoint of guidance). We project that WM will modestly exceed these targets. We’ve increased our fair value estimate by about 1% to $129 per share primarily due to the time value of money since our last update.

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Key Statistics WM

Company Profile WM

Business Description

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating approximately 260 active landfills and about 340 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

Contact

800 Capitol Street, Suite 3000
Houston, TX, 77002

T +1 713 512-6200

Sector Industrials

Industry Waste Management

Most Recent Earnings Sep 30, 2022

Fiscal Year End Dec 31, 2022

Employees 48,500

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