Waste Management reported strong Q2 2024 financial results with revenues increasing 5.5% to $5.4 billion, driven by higher yield in Collection and Disposal businesses and improved recycling commodity prices. Operating income rose 6.9% to $1.0 billion, with operating margin expanding to 18.7% from 18.4% year-over-year. Net income grew to $680 million from $615 million in Q2 2023.The company demonstrated solid operational execution with improved cost management, as operating expenses decreased to 60.9% of revenues from 62.2% in the prior year period. Key drivers included lower diesel fuel prices and enhanced operating efficiency, partially offset by higher recycling rebates and increased landfill operating costs. The Collection and Disposal segment showed particularly strong performance with income from operations up 15.9% to $1.36 billion.Looking ahead, Waste Management announced plans to acquire Stericycle for $7.2 billion, expanding its environmental solutions in the healthcare market. The company has temporarily suspended share repurchases due to the planned acquisition but maintained its strategic focus on sustainability growth investments, allocating $667 million to capital expenditures in Q2. Free cash flow remained robust at $530 million despite increased growth investments.

Waste Management reported strong Q2 2024 financial results with revenues increasing 5.5% to $5.4 billion, driven by higher yield in Collection and Disposal businesses and improved recycling commodity prices. Operating income rose 6.9% to $1.0 billion, with operating margin expanding to 18.7% from 18.4% year-over-year. Net income grew to $680 million from $615 million in Q2 2023.The company demonstrated solid operational execution with improved cost management, as operating expenses decreased to 60.9% of revenues from 62.2% in the prior year period. Key drivers included lower diesel fuel prices and enhanced operating efficiency, partially offset by higher recycling rebates and increased landfill operating costs. The Collection and Disposal segment showed particularly strong performance with income from operations up 15.9% to $1.36 billion.Looking ahead, Waste Management announced plans to acquire Stericycle for $7.2 billion, expanding its environmental solutions in the healthcare market. The company has temporarily suspended share repurchases due to the planned acquisition but maintained its strategic focus on sustainability growth investments, allocating $667 million to capital expenditures in Q2. Free cash flow remained robust at $530 million despite increased growth investments.