美国废物管理公司（WM）2025年第三季度业绩报告「NYSE」（英文版）（17页）.pdf

1、WM Announces Third Quarter 2025 Earnings WM Delivers Double-Digit Growth in Cash Flow from Operations Led by Disciplined Growth,Strong Cost Optimization,and Expansion of its Sustainability Businesses WM Advances its Sustainability Investments with Completion of Two New Renewable Natural Gas Faciliti

2、es and Two Recycling Projects HOUSTON October 27,2025 WM(NYSE:WM)today announced financial results for the quarter ended September 30,2025.Three Months Ended Three Months Ended September 30,2025(in millions,except per share amounts)September 30,2024(in millions,except per share amounts)As Reported A

3、s Adjusted(a)As Reported As Adjusted(a)Revenue$6,443$6,443$5,609$5,609 Income from Operations$989$1,241$1,119$1,153 Operating EBITDA(b)$1,718$1,970$1,677$1,711 Operating EBITDA Margin 26.7%30.6%29.9%30.5%Net Income(c)$603$801$760$790 Diluted EPS$1.49$1.98$1.88$1.96 “Our third quarter results highlig

4、ht momentum in WMs earnings growth and free cash flow conversion,which is driven by our strong operating platform,diverse and growing customer base,and expanding sustainability businesses,”said Jim Fish,WMs CEO.“Our Collection and Disposal business delivered record-setting margin this quarter,unders

5、coring the strength of our industry-leading asset network,strategic investments in technology,and disciplined pricing programs.We also achieved adjusted operating EBITDA growth in both our Recycling Processing and Sales and Renewable Energy segments despite commodity price headwinds,underscoring the

6、 value of our sustainability investments.Additionally,we continued to advance the integration of WM Healthcare Solutions,enhancing the breadth and value of services we offer to our customers.Strong results across all aspects of our business reinforce our confidence in achieving our full-year earning