Waste Management, Inc. (WM) has reported its financial results for the first quarter of 2025, showing significant growth in various metrics compared to the same period in 2024.
- Revenue for the first quarter of 2025 was $6.018 billion, marking a 16.7% increase from the first quarter of 2024.
- Income from operations was reported at $1.013 billion, slightly down from the previous year's $1.016 billion.
- Operating EBITDA stood at $1.669 billion, reflecting a 9.1% increase from the same period in 2024.
- Net income for the quarter was $637 million, down from $708 million in the first quarter of 2024.
- Diluted earnings per share (EPS) were reported at $1.58, showing a decrease from $1.75 in the first quarter of 2024.
The company's CEO, Jim Fish, emphasized that the strong first-quarter results were driven by disciplined revenue growth, cost optimization, and the performance of WM Healthcare Solutions, which contributed $95 million of adjusted operating EBITDA during the quarter.
Key highlights for the first quarter of 2025 include:
- WM's legacy business saw a 4.7% increase in revenue, driven by core price and collection and disposal yield.
- Operating expenses as a percentage of revenue for the WM legacy business improved by 50 basis points, reflecting the company's disciplined cost focus.
- SG&A expenses in the WM legacy business were reported at $531 million, accounting for 9.8% of revenue.
- WM generated $1.21 billion of net cash provided by operating activities during the quarter, with free cash flow reaching $475 million.
The company continued to invest in sustainability growth projects, putting $128 million into these initiatives and completing two recycling automation projects in key markets during the quarter.
Today the company's shares have moved 0.3% to a price of $229.08. Check out the company's full 8-K submission here.
