Waste Management Q2 Results Exceed Street Expectations
Waste Management Inc (NYSE: WM ) reported second-quarter FY22 revenue growth of 12.3% year-over-year to $5.03 billion , beating the consensus of $4.84 billion. Adjusted EPS improved to $1.44 compared to $1.27 in 2Q21, above the consensus of $1.40. Adjusted operating income increased 11.6% Y|Y to $907 million, and margin declined slightly by 12 bps to 18%. Adjusted operating EBITDA increased by 7.8% Y|Y to $1.42 billion, and margin contracted by 120 bps to 28.2%. Adjusted operating expenses as a percentage of revenue increased 130 bps … Full story available on Benzinga.com
Waste Management Q2 Results Exceed Street Expectations
Waste Management Inc (NYSE: WM ) reported second-quarter FY22 revenue growth of 12.3% year-over-year to $5.03 billion , beating the consensus of $4.84 billion. Adjusted EPS improved to $1.44 compared to $1.27 in 2Q21, above the consensus of $1.40. Adjusted operating income increased 11.6% Y|Y to $907 million, and margin declined slightly by 12 bps to 18%. Adjusted operating EBITDA increased by 7.8% Y|Y to $1.42 billion, and margin contracted by 120 bps to 28.2%. Adjusted operating expenses as a percentage of revenue increased 130 bps … Full story available on Benzinga.com