Categories AlphaGraphs, Earnings, Other Industries

WM Earnings: Highlights of Waste Management’s Q4 2022 results

Waste Management (NYSE: WM) has reported higher revenues and earnings for the fourth quarter of 2022. The company also provided guidance for fiscal 2023.

Waste Management Q4 2022 earnings infographic

In the fourth quarter, adjusted earnings moved up 3% annually to $1.30 per share. Unadjusted profit remained broadly unchanged at $499 million or $1.21 per share.

At $4.94 billion, fourth-quarter revenues were up 5% year-over-year. In fiscal 2023, total company revenue is expected to grow between 4% and 5.5%.

Jim Fish, the company’s chief executive officer, said, “The collection and disposal business exceeded expectations and overcame high inflation and a tight labor market to deliver double-digit adjusted operating EBITDA growth in both the fourth quarter and for the full year.”

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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