Waste Management (WM) Q1 2025 10-Q Quarterly Report

Filed: Apr 29, 2025Period ending Mar 31, 2025
Utilities
Refuse SystemsSEC EDGAR

Waste Management (WM) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 29, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Waste Management Q1 2025 10-Q Analysis

Management Discussion & Analysis

  • No specific quarterly revenue or YoY figures provided in MD&A text
  • No actual profitability or margin percentages disclosed
  • No segment or product line performance data detailed
  • No cash position, operating cash flow, or capital deployment changes mentioned
  • Management notes seasonal revenue increase in Q2 and Q3; weather events can both increase revenue with lower margins and disrupt operations
  • Inflation pressure ongoing; mitigation through pricing, cost management, labor productivity, and tech investment; recovery effectiveness uncertain due to contract limits and inflation pace

Risk Factors

  • New risk: Integration challenges and expenses from Stericycle acquisition completed Nov 2024, impacting operations and costs in WM Healthcare Solutions segment
  • Material update: Increased labor, professional fees and amortization expenses due to Stericycle acquisition and associated integration, raising operating and SG&A costs
  • Regulatory risk: Uncertain and complex Inflation Reduction Act benefits, $300-$400M expected cumulative tax credits related to renewable energy investments, with timing and value assumptions still evolving
  • Operational risk: Volume variability impacted by economic softness, wildfire clean-up increasing special waste volumes, and intentional shedding of lower-margin residential collection
  • Financial risk: $3.8B debt maturing within 12 months post-acquisition, $954M classified current; intent and capacity confirmed to refinance $2.8B long-term under $3.5B revolving credit facility

Waste Management Q1 2025 Quarterly Financials
XBRL

Revenue

$6.0B

+16.7% YoY

Net Income

$637M

-10.0% YoY

Net Margin

10.6%

-314bp YoY

Source: XBRL data from Waste Management Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

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