Waste Management, Inc. (NYSE:WM ) 46th Annual Raymond James Institutional Investor Conference March 3, 2025 1:05 PM ET Company Participants Jim Fish - President & Chief Executive Officer Devina Rankin - Executive Vice President & Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James Tyler Brown For those of who don't know me, I am Tyler Brown. I'm Senior Analyst here at Raymond James.
Explore the key factors influencing WM's performance, sustainability efforts and strategic acquisitions to assess its investment potential.
Waste Management's recent $7.2 billion acquisition of Stericycle and strong financial results make it a high-quality business trading at a decent multiple. Revenue increased by 8% year-over-year, driven by higher pricing and acquisitions, with net income rising 19.4% to $2.75 billion. Management forecasts 2025 revenue to grow by 16.4% and EBITDA to rise significantly, driven by disciplined pricing and organic growth.
Waste Management should benefit from strong pricing, volume recovery, and strategic investments in renewable natural gas and medical waste markets, driving long-term growth. Positive margin outlook due to strong pricing, cost synergies from the Stericycle acquisition, and management's cost reduction initiatives, with automation targeting $450 million in savings. WM stock trades at a discount to peers, with potential upside from conservative EPS estimates and possible valuation re-rating, making it a good buy.
In the latest trading session, Waste Management (WM) closed at $229.61, marking a +0.4% move from the previous day.
Waste Management, Inc. (NYSE:WM ) Global Agriculture and Materials Conference February 26, 2025 10:30 AM ET Company Participants Devina Rankin - Chief Financial Officer Michael Watson - Senior Vice President & Chief Customer Officer Conference Call Participants Michael Feniger - Bank of America Michael Feniger Thank you for joining us, and everyone who is listening in on the web link, thanks for joining us virtually. I'm Michael Feniger, cover machinery, engineering, construction, environmental services for Bank of America.
Investors shouldn't be surprised to see the recent market interest going into defensive areas, especially as call option interest has grown in areas like consumer staples. This theme can be spotted through the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP.
Shares of Waste Management (WM 5.42%) surged on Thursday and were up 5.6% at their highest point in trading during the day through 1:30 p.m. ET.
Waste Management, Inc. (NYSE:WM ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Ed Egl - Vice President, Investor Relations Jim Fish - President and CEO John Morris - Executive Vice President and COO Devina Rankin - Executive Vice President and CFO Tara Hemmer - Senior Vice President and CSO Rafa Carrasco - Senior Vice President, Enterprise Strategy Conference Call Participants Tyler Brown - Raymond James Noah Kaye - Oppenheimer Jerry Revich - Goldman Sachs Trevor Romeo - William Blair Faiza Alwy - Deutsche Bank Kevin Chiang - CIBC Konark Gupta - Scotiabank James Schumm - TD Cowen Sabahat Khan - RBC Capital Bryan Burgmeier - Citi Tobey Sommer - Truist Brian Butler - Stifel Toni Kaplan - Morgan Stanley Tony Bancroft - Gabelli Funds Harold Antor - Jefferies David Manthey - Baird Operator Good day. Thank you for standing by.
Robust segmental performances benefit WM's top line in the fourth quarter of 2024.
Waste Management (WM -1.92%), a leader in the garbage and recycling industry, released its Q4 2024 earnings report on January 29, 2025. The report highlighted impressive revenue growth, with $5.893 billion in revenue, signaling strong market demand.
Although the revenue and EPS for Waste Management (WM) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.