Waste Management (NYSE:WM) Full Year 2024 Results

Key Financial Results

• Revenue: US$22.1b (up 8.0% from FY 2023).
• Net income: US$2.75b (up 19% from FY 2023).
• Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$6.84 (up from US$5.69 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Waste Management EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%.

The primary driver behind last 12 months revenue was the Collection and Disposal segment contributing a total revenue of US$24.2b (110% of total revenue). Notably, cost of sales worth US$13.4b amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$2.27b (38% of total expenses). Explore how WM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Commercial Services industry in the US.

The company's shares are up 5.9% from a week ago.

Risk Analysis

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