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Waste Management | 8-K: WM Announces Third Quarter 2024 Earnings

Waste Management | 8-K: WM Announces Third Quarter 2024 Earnings

美國廢物管理 | 8-K:Wm 公佈2024年第三季度業績
美股SEC公告 ·  2024/10/29 05:24

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WM delivered robust Q3 2024 results with revenue growing 7.9% to $5.61B and net income rising to $760M. The company achieved a record adjusted operating EBITDA margin of 30.5%, driven by strong pricing execution and cost optimization. Core price growth was 6.5% while operating expenses improved 70 basis points to 60.6%.The company's sustainability initiatives continue to advance, with 24 out of 39 planned recycling automation projects completed, adding 1.5 million tons of annual recycling capacity. Three renewable natural gas projects are operational, with four more expected online by year-end. The planned acquisition of Stericycle remains on track for Q4 2024 closure.Based on strong performance, WM expects to deliver full-year revenue growth of about 6% and adjusted operating EBITDA near the upper end of guidance at $6.5B. Free cash flow is projected to reach the high end of guidance at $2.15B, supported by a 16.2% increase in operating cash flow year-to-date.
WM delivered robust Q3 2024 results with revenue growing 7.9% to $5.61B and net income rising to $760M. The company achieved a record adjusted operating EBITDA margin of 30.5%, driven by strong pricing execution and cost optimization. Core price growth was 6.5% while operating expenses improved 70 basis points to 60.6%.The company's sustainability initiatives continue to advance, with 24 out of 39 planned recycling automation projects completed, adding 1.5 million tons of annual recycling capacity. Three renewable natural gas projects are operational, with four more expected online by year-end. The planned acquisition of Stericycle remains on track for Q4 2024 closure.Based on strong performance, WM expects to deliver full-year revenue growth of about 6% and adjusted operating EBITDA near the upper end of guidance at $6.5B. Free cash flow is projected to reach the high end of guidance at $2.15B, supported by a 16.2% increase in operating cash flow year-to-date.
Wm公佈了2024年第三季度的強勁業績,營業收入增長了7.9%,達到了56.1億美元,凈利潤上升至76000萬美元。公司實現了創紀錄的調整後營業EBITDA利潤率爲30.5%,這得益於強勁的定價執行和成本優化。核心價格增長爲6.5%,而營業費用改善了70個點子,降至60.6%。公司的可持續發展舉措繼續推進,39個計劃的回收自動化項目中已有24個完成,新增了150萬噸的年回收能力。三個可再生天然氣項目已投入運營,預計到年底還會有四個上線。計劃收購消毒循環的工作按計劃進行,預計將在2024年第四季度完成。基於強勁的業績,Wm預計全年的營業收入增長約爲6%,調整後的營業EBITDA接近指導區間的上限,預計爲65億美元。自由現金流預計將在指導區間的高端達到21.5億美元,得益於年初至今營業現金流增長16.2%。
Wm公佈了2024年第三季度的強勁業績,營業收入增長了7.9%,達到了56.1億美元,凈利潤上升至76000萬美元。公司實現了創紀錄的調整後營業EBITDA利潤率爲30.5%,這得益於強勁的定價執行和成本優化。核心價格增長爲6.5%,而營業費用改善了70個點子,降至60.6%。公司的可持續發展舉措繼續推進,39個計劃的回收自動化項目中已有24個完成,新增了150萬噸的年回收能力。三個可再生天然氣項目已投入運營,預計到年底還會有四個上線。計劃收購消毒循環的工作按計劃進行,預計將在2024年第四季度完成。基於強勁的業績,Wm預計全年的營業收入增長約爲6%,調整後的營業EBITDA接近指導區間的上限,預計爲65億美元。自由現金流預計將在指導區間的高端達到21.5億美元,得益於年初至今營業現金流增長16.2%。
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