Waste Management Stock Price, News & Analysis

WM (NYSE: WM), North America's leading environmental solutions provider, announced that Executive Vice President and CFO Devina Rankin will retire after nearly 23 years with the company. Rankin will transition from her CFO role in November 2025 and remain as an executive advisor through March 2026.

David Reed, currently Vice President and Business Partner for WM's West Tier operations, will succeed Rankin as EVP and CFO. Reed brings eight years of company experience and extensive background in investment banking, investor relations, corporate finance, treasury, and operations enablement.

WM (NYSE: WM) reported strong Q2 2025 financial results, with revenue reaching $6.43 billion, up 19% year-over-year. The company's adjusted operating EBITDA grew to $1.923 billion with a 29.9% margin. Net income increased to $777 million, with diluted EPS of $1.92.

The WM Legacy Business achieved 7.1% revenue growth driven by 6.4% core price and 4.1% Collection and Disposal yield. The company's Healthcare Solutions segment contributed $646 million in revenue and $110 million in adjusted operating EBITDA. Free cash flow guidance was raised to $2.8-2.9 billion, while the company affirmed its adjusted operating EBITDA guidance midpoint of $7.550 billion.

WM also highlighted sustainability progress, including a 22% reduction in greenhouse gas emissions since 2021 and advancement in recycling and renewable natural gas facility projects.

AM Best has upgraded National Guaranty Insurance Company of Vermont (NGIC), a captive insurance company of Waste Management (NYSE: WM), reflecting improved performance metrics. The Financial Strength Rating has been upgraded to A (Excellent) from A-, and the Long-Term Issuer Credit Rating to "a" from "a-", with a stable outlook.

The upgrades acknowledge NGIC's very strong balance sheet, consistently strong underwriting performance, and impressive combined ratios that significantly outperform industry peers. As WM's captive insurer, NGIC operates in 27 states as a non-admitted insurer, playing a strategic role in WM's enterprise risk management program.

WM (NYSE:WM) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 financial results after market close on Monday, July 28, 2025, followed by an investor conference call on Tuesday, July 29 at 10 a.m. ET.

Investors can access the live audio webcast through the company's investor relations website at investors.wm.com under the "Events & Presentations" section. A replay will be available at the same location after the call concludes. Participants joining via phone must pre-register to receive dial-in and passcode details.

WM (NYSE: WM) is hosting its 2025 Investor Day at the New York Stock Exchange, starting at 8:30 a.m. EDT. The event will feature presentations and Q&A sessions with senior leadership, focusing on the company's long-term vision, growth strategies, and financial objectives.

CEO Jim Fish highlighted the company's people-first culture and plans to leverage its expertise and asset network to drive growth and deliver shareholder value. The event will be accessible via live webcast until approximately 12:00 p.m. EDT, with presentations available for replay afterward on WM's Investor Day website.

WM (NYSE: WM) has announced the opening of registration for its 2025 Investor Day, scheduled for Tuesday, June 24, at the New York Stock Exchange. The event will run from 8:30 a.m. to 12 p.m. EDT. While in-person attendance is limited to investment community members, a live webcast will be available to all participants through advance registration.

The event will feature presentations from key executives including CEO Jim Fish, President and COO John Morris, and EVP and CFO Devina Rankin, along with other executive management members. Multiple Q&A sessions with leadership will be included in the program. Interested parties can register through WM's dedicated Investor Day website at https://wminvestorday2025.q4ir.com.

WM has appointed John J. Morris, Jr. as its new President, while maintaining his existing role as Chief Operating Officer. Morris, who has over 30 years of industry experience, will report to CEO Jim Fish and oversee all field operations, sustainability, customer experience, and enterprise strategy. Prior to this promotion, Morris served in various leadership positions at WM, including Market Area General Manager of New York City, Area Vice President of the Greater Mid-Atlantic Area, Chief Strategy Officer, and Senior Vice President of Field Operations.

The appointment aligns with WM's People First strategy, focusing on developing future leaders within the company. Morris will lead a workforce of 62,000 associates and work alongside the CEO and Senior Leadership Team to advance WM's environmental services leadership position.

WM (NYSE: WM) has declared a quarterly cash dividend of $0.825 per share. The dividend will be paid on June 20, 2025, to stockholders who are on record as of June 6, 2025. This dividend announcement demonstrates WM's commitment to returning value to shareholders through regular cash distributions.

WM reported strong Q1 2025 financial results with total revenue reaching $6.018 billion, marking a 16.7% increase from Q1 2024. The company's performance was driven by both its legacy business and the newly integrated WM Healthcare Solutions division.

Key financial highlights include:

• Adjusted operating EBITDA grew 12.2% to $1.715 billion
• Core price increased by 6.5%
• Net cash from operations was $1.21 billion
• Free cash flow reached $475 million

The WM Legacy Business maintained strong margins at 30% for the fourth consecutive quarter, while WM Healthcare Solutions contributed $95 million in adjusted operating EBITDA. The company completed two recycling automation projects and invested $128 million in sustainability growth projects. Collection and Disposal business showed solid performance, with flat workday-adjusted volumes and a 4.0% yield improvement.

Management expressed confidence in achieving their 2025 outlook, including targeted synergies of $80-100 million from the Stericycle acquisition.