Waste Management Posts 3Q EPS of $2.05
WM sits 21% above its 52-week low of $194.11.
Summary
Waste Management reported third-quarter EPS of $2.05 and adjusted EPS of $2.15, with revenue of $6.85B (USD 6,846 million) against an IBES estimate of USD 6,807 million and net income of $820M. Adjusted EBITDA rose 5.8%. The print follows Q2 2026 results that showed revenue up 4.0% and diluted EPS up 8.3%, so the bar was set for continued growth. The company affirmed its 2026 guidance and expects to achieve full-year financial guidance, with revenue expected at the high end of the range of $26.275B to $26.475B and free cash flow at the high end of the range of $3.75B to $3.85B. Context worth noting: CEO Jim Fish is set to retire effective January 4, 2027, with President John Morris named as successor, an 8-K filed August 26. The company also has a $3 billion buyback authorization and a recently increased dividend in place, which support the per-share line.
At the time of this announcement, WM was trading at $234.65 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $94.3B. The 52-week trading range was $194.11 to $248.13. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.