Why Waste Management Shares Are Diving Today
Why Waste Management Shares Are Diving Today
Adjusted operating Waste Management, Inc. (NYSE:WM) shares are trading lower after the company reported worse-than-expected second-quarter financial results.
废物管理公司（NYSE:WM）报告的第二季度财务结果不尽如人意，导致其股价下跌。
Sales of $5.402 billion missed the consensus of $5.427 billion. Total company revenue grew 5.5%, driven primarily by core price of 6.8% and increases in the value of the recycled commodities the company sells.
销售额为54.02亿美元，低于预期的54.27亿美元。公司总收入增长了5.5％，主要由6.8％的核心价格和回收商品价值的增加驱动。
Collection and Disposal yield stood at 4.6%, and Collection and Disposal volume declined 0.3% in the quarter.
季度内收集和处理的收益率为4.6％，收集和处理的成交量下降了0.3％。
Adjusted operating EBITDA grew 10.3% Y/Y to $1.62 billion, with a 130 basis point margin Y/Y expansion to 30.0%.
经调整的运营EBITDA同比增长10.3％至16.2亿美元，同比增长130个基点，达到30.0％。
Adjusted operating EBITDA in the Collection and Disposal business rose $203 million to $1.84 billion, with a margin of 37.3% in the quarter.
收集和处理业务的调整后运营EBITDA在本季度上升了2,0300万美元至18.4亿美元，利润率为37.3％。
Adjusted EPS of $1.82 missed the consensus of $1.83.
经调整后的EPS为1.82美元，低于预期的1.83美元。
In the first half of the year, net cash from operating activities surged 21.6% to $2.52 billion and free cash flow before high-return sustainability investments increased 41.1% to $1.63 billion.
上半年，营业活动净现金流增长21.6％至252亿美元，高回报可持续性投资前的自由现金流增长41.1％，达到163亿美元。
Jim Fish, WM's President and Chief Executive Officer, said, "Revenue grew by 5.5% this quarter, and our disciplined focus on leveraging our people, technology and processes to reduce our cost to serve continued to drive margin expansion."
WM总裁兼首席执行官Jim Fish表示：“本季度营收增长了5.5％，我们持续关注推动成本服务降低的重点是通过人员，技术和流程来推动利润率扩张。”
"In our renewable energy business, we are scheduled to complete a total of five projects in 2024, with an additional nine projects currently under construction."
“在我们的可再生能源业务中，我们计划于2024年完成总共五个项目，并正在建造另外九个项目。”
Outlook: Waste Management reiterated its FY24 outlook of $6.375 billion–$6.525 billion in adjusted operating EBITDA and $2.0 billion–$2.15 billion in free cash flow including sustainability growth investments.
展望：废物管理重申了其至2024年的展望，预计调整后的运营EBITDA为63.75亿至65.25亿美元，自由现金流为20亿至21.5亿美元，包括可持续性增长投资。
Last month, Waste Management inked a deal to acquire Stericycle, Inc. (NASDAQ:SRCL) for approximately $7.2 billion, including debt.
上个月，废物管理公司签署了一项收购Stericycle，Inc.（NASDAQ:SRCL）的交易，总价值约为72亿美元，包括债务。
Investors can gain exposure to the stock via VanEck Environmental Services ETF (NYSE:EVX) and IShares U.S. Utilities ETF (NYSE:IDU).
投资者可以通过VanEck环境服务ETF（NYSE:EVX）和iShares美国公用事业ETF（NYSE:IDU）获得该股票的曝光度。
Price Action: WM shares are down 6.85% at $202.48 at the last check Thursday.
价格行动：上周四最后一次检查时，Wm股价下跌6.85％，至202.48美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
