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Waste Management Inc
XBER:UWS

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Waste Management Inc
XBER:UWS
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Price: 209.55 EUR 11.37%
Market Cap: €84B

Waste Management Inc
Investor Relations

Waste Management is one of the largest waste and environmental service companies in North America. It collects trash from homes, businesses, and local governments, then moves that material through its network of trucks, transfer stations, recycling centers, and landfills. It also handles special waste and offers cleanup and disposal services for industrial customers. The company makes money mainly by charging recurring service fees to pick up waste and by charging disposal fees when waste is delivered to its landfills or processed at its facilities. It also earns money from recycling operations and from selling recovered materials such as paper, metal, and plastic after sorting and processing them. What sets Waste Management apart is its role as an integrated waste handler rather than just a hauler. It owns much of the infrastructure needed to collect, transport, recycle, and dispose of waste, which gives it control over the full path from pickup to final disposal. That makes it a key middleman in a business that people, businesses, and cities need every day.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Strong start: WM said Q1 2026 results met its expectations, with operating EBITDA up nearly 6% and free cash flow nearly doubling to $920 million.

Volume was soft: Weather, especially heavy winter storms in the Northeast, hurt volumes, but management said underlying trends in special waste, MSW and industrial volumes were encouraging.

Pricing held up: Collection and disposal core price of 6.3% and yield of 3.9% came in above plan, helping offset lower volumes and fuel-related pressure.

Sustainability payback: Renewable energy EBITDA more than doubled and recycling EBITDA rose 18% even as single-stream commodity prices fell 27%, showing the benefits of prior investment.

Healthcare improving: Healthcare Solutions EBITDA grew nearly 12%, with management pointing to better cost control, fewer customer losses than expected and improving integration benefits.

Cash returns accelerated: WM returned about $730 million to shareholders in the quarter through dividends and buybacks, and said it is on track for $2 billion of buybacks in 2026.

Outlook intact: Management said it remains confident in full-year guidance, expects margin improvement in the back half, and sees continued upside from technology, synergies and tuck-in acquisitions.

Key Financials
Operating EBITDA
up nearly 6%
Collection and disposal operating EBITDA growth
6.4%
Free cash flow
$920 million
Operating cash flow
$1.5 billion
Capital expenditures
$650 million
Dividends
$385 million
Share repurchases
$344 million
Leverage ratio
2.94x
Effective tax rate
approximately 18%
Collection and disposal core price
6.3%
Collection and disposal yield
3.9%
Operating expense as a percentage of revenue
below 60%
Driver and technician turnover
17.2%
Safety-related incidents
best ever Q1 performance
Residential yield
6.3%
MSW yield
6.9%
MSW volume excluding wildfire volumes
2.7%
Special waste volume excluding wildfire volumes
6.7%
Recycling commodity pricing
$69 a ton
Single-stream commodity pricing
down 27%
Recycling operating EBITDA
up 18%
Renewable energy operating EBITDA
more than doubled
Healthcare Solutions operating EBITDA
up nearly 12%
Healthcare Solutions SG&A
down roughly 20%
Healthcare Solutions synergies
$300 million
Sustainability EBITDA benefit
$240 million to $250 million
Renewable energy volume locked for 2026
80%
Renewable energy plants expected online in Q2
3
Production tax credit benefit
approximately $27 million for 2025 and $30 million to $35 million annually from 2026 through 2029
Earnings Call Recording
Other Earnings Calls

Management

Mr. John J. Morris Jr.
Executive VP & COO

John J. Morris Jr. is a notable executive in the waste management sector, currently serving as the Executive Vice President and Chief Operating Officer (COO) of Waste Management, Inc., one of the leading comprehensive waste management environmental services companies in North America. In his role as COO, Morris oversees the company's operations, including the collection, disposal, recycling, and renewable energy processes. Joining Waste Management in 1998, Morris has held various leadership positions throughout his tenure, which have equipped him with extensive experience in operations and management within the industry. His effective leadership strategies and operational efficiencies have been instrumental in Waste Management's growth and sustainability initiatives. Morris holds a Bachelor of Science degree from Rutgers University. His long career at Waste Management has been marked by a strong commitment to innovation in waste management practices and enhancing the company's environmental stewardship and sustainability efforts.

Mr. Rafael E. Carrasco
Senior Vice President of Enterprise Strategy

Rafael E. Carrasco serves as the Chief People Officer at Waste Management Inc. In his role, he is responsible for leading the company's human resources strategy, which includes talent acquisition, leadership development, employee engagement, and organizational effectiveness. Carrasco brings a wealth of experience to the position, having held various leadership roles in human resources within the company or similar industries. His work is integral to fostering a positive workplace culture and ensuring that Waste Management attracts and retains top talent to meet its business objectives. Carrasco is known for his strategic insights and commitment to developing effective people management practices that align with the company's values and goals.

Mr. John A. Carroll
VP & Chief Accounting Officer

John A. Carroll served as an executive at Waste Management, Inc., a leading provider of comprehensive waste management services in North America. He held the position of Senior Vice President of Operations. In this role, Carroll was responsible for overseeing and optimizing the operational processes of the company to enhance efficiency and service delivery. His leadership contributed significantly to advancing the company's mission of sustainability and environmental stewardship. Carroll's career with Waste Management highlighted his expertise in operational management and his ability to drive strategic initiatives that align with the company's goals.

Mr. Johnson Varkey
Senior VP & Chief Information Officer
No Bio Available
Mr. Edward A. Egl
Director of Investor Relations

Edward A. Egl is a notable executive who has been associated with Waste Management Inc., a leading provider of comprehensive waste management environmental services in North America. Mr. Egl has contributed significantly to the company's operations and growth. In his role, he has been instrumental in shaping and implementing strategies that enhance service efficiency, sustainability practices, and operational excellence. His leadership and expertise have been pivotal in driving initiatives that align with Waste Management's commitment to environmental stewardship and innovative waste solutions. Mr. Egl's career includes extensive experience in the waste management industry, and he is recognized for his ability to lead teams, manage complex operations, and foster relationships with key stakeholders.

Mr. Charles S. Schwager
VP and Chief Compliance & Ethics Officer

Charles S. Schwager served as the Chief Compliance and Ethics Officer at Waste Management, Inc., a leading provider of comprehensive waste management environmental services in North America. In his role, Schwager was responsible for overseeing the company's compliance with legal and regulatory requirements as well as managing its ethics programs, ensuring the company maintained the highest standards of ethical conduct. He played a key role in integrating compliance into the overall business strategy, focusing on risk management, operational performance, and promoting a culture of integrity within the organization. His contributions were instrumental in Waste Management's reputation as a leader in sustainability and responsible business practices. Prior to his compliance leadership, Schwager had diverse experience in legal and corporate affairs, enhancing his effectiveness in the compliance domain.

Ms. Kimberly Stith
Chief Human Resources Officer
No Bio Available
Mr. Michael J. Watson
Senior VP & Chief Customer Officer

Michael J. Watson is an accomplished executive known for his role at Waste Management, Inc., where he has made significant contributions to the company's strategic initiatives and operational excellence. As part of the leadership team, Watson has played a crucial role in advancing Waste Management's mission of environmental sustainability and innovation in waste management solutions. His initiatives often emphasize improving customer service, increasing efficiency in waste processing, and integrating technology to streamline operations. Watson's leadership style is characterized by a strong commitment to promoting sustainability and fostering a corporate culture that values environmental responsibility. Under his guidance, Waste Management has seen improvements in recycling rates and the adoption of cleaner technologies, contributing significantly to the company's reputation as a leader in the waste management industry. Watson's foresight and strategic planning continue to drive the company towards more sustainable and environmentally friendly practices. Watson's impressive career and his contributions to both Waste Management Inc. and the broader field of waste management have positioned him as a respected figure within the industry.

Mr. Christopher P. DeSantis
Senior Vice President of Operations

Christopher P. DeSantis is a prominent executive at Waste Management, Inc., a leading provider of comprehensive waste management services in North America. He holds the position of Executive Vice President and Chief Customer Officer. In this role, DeSantis is responsible for driving customer-centric strategies and enhancing customer experiences across the company's vast service network. Prior to his current role, DeSantis accumulated a wealth of experience in various leadership positions within the company, contributing significantly to its growth and operational efficiency. His expertise spans operations management, customer service, and strategic planning. DeSantis is known for his innovative approach to business challenges and his commitment to sustainability, aligning with Waste Management's goals of environmental responsibility and resource conservation. His leadership has been instrumental in implementing advanced technologies and practices that improve service delivery and customer satisfaction. DeSantis is recognized for his ability to foster a customer-focused culture within the organization, ensuring that customer needs are at the forefront of business decisions. Through his work at Waste Management, Christopher P. DeSantis continues to play a critical role in shaping the future of waste management services, prioritizing sustainability and customer engagement.

Contacts

Address
TEXAS
Houston
800 Capitol Street, Ste 3000
Contacts
+17135126200.0
www.wm.com
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