Why Waste Management Shares Are Diving Today
Why Waste Management Shares Are Diving Today
Waste Management, Inc. (NYSE:WM) shares are trading lower after the company reported worse-than-expected second-quarter financial results.
廢物管理公司（NYSE:WM）報告的第二季度財務結果不盡如人意，導致其股價下跌。
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.
銷售額爲54.02億美元，低於預期的54.27億美元。公司總收入增長了5.5％，主要由6.8％的核心價格和回收商品價值的增加驅動。
Collection and Disposal yield stood at 4.6%, and Collection and Disposal volume declined 0.3% in the quarter.
季度內收集和處理的收益率爲4.6％，收集和處理的成交量下降了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%.
經調整的運營EBITDA同比增長10.3％至16.2億美元，同比增長130個點子，達到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.
收集和處理業務的調整後運營EBITDA在本季度上升了2,0300萬美元至18.4億美元，利潤率爲37.3％。
Adjusted EPS of $1.82 missed the consensus of $1.83.
經調整後的EPS爲1.82美元，低於預期的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，營業活動淨現金流增長21.6％至252億美元，高回報可持續性投資前的自由現金流增長41.1％，達到163億美元。
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總裁兼首席執行官Jim Fish表示：“本季度營收增長了5.5％，我們持續關注推動成本服務降低的重點是通過人員，技術和流程來推動利潤率擴張。”
"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."
“在我們的可再生能源業務中，我們計劃於2024年完成總共五個項目，並正在建造另外九個項目。”
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.
展望未來：廢物管理重申其2024財年的業務利潤總額爲63.75億至65.25億美元，自由現金流（包括可持續增長投資）爲20億至21.5億美元。
Last month, Waste Management inked a deal to acquire Stericycle, Inc. (NASDAQ:SRCL) for approximately $7.2 billion, including debt.
上個月，廢物管理公司簽署了一項收購Stericycle，Inc.（NASDAQ:SRCL）的交易，總價值約爲72億美元，包括債務。
Investors can gain exposure to the stock via VanEck Environmental Services ETF (NYSE:EVX) and IShares U.S. Utilities ETF (NYSE:IDU).
投資者可以通過VanEck環境服務ETF（NYSE:EVX）和iShares美國公用事業ETF（NYSE:IDU）獲得該股票的曝光度。
Price Action: WM shares are down 6.85% at $202.48 at the last check Thursday.
價格行動：上週四最後一次檢查時，Wm股價下跌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.
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