Waste Management, Inc. ($WM) Earnings (Q1 FY22)

 Waste Management, Inc. ($WM) Earnings and Opinion:


Waste Management is a company in the Industrials sector and operates in the Waste Management industry. The company offers waste management environmental services to customers across North America. Waste Management was incorporated in 1987 and is currently headquartered in Houston, Texas. The company was first traded publicly on the stock market in 1988.

Waste Management EPS and Revenue (Q1 FY22):

  • EPS of $1.29 beating expectations of $1.14
  • Revenue of $4.66B beating expectations of $4.45B
Waste Management Q1 Financial Highlights:
  • Revenue increased by 13.3% (YOY)
  • $525M returned to shareholders in Q1
  • Free cash flow of $845M
  • Operating cash flow was $1.26B
  • Operating EBITDA was 31.2% of revenue
Opinion:
Waste Management is one of the few stocks that are trading higher today. The company reported earnings before the market opened this morning. Waste Management beat expectations on both EPS and Revenue by decent margins. Revenue saw double-digit growth on a year-over-year basis and they paid out $525M to shareholders. The cash flows were fluctuated based on last years numbers, but are relatively strong. The were able to put up $1.26B in operating cash flow, which is a positive given their revenue numbers. This company is probably one of my favorite stocks to hold forever and reinvest dividends. Trash is a business that will be hard to put out of business, just because everyone has to get rid of their trash somehow. I know a lot of cities service them to make money. However, you have to think of all the people who live outside the city limits and the contracts they have to have with trash companies. I personally own a pretty good position in this company and plan to expand on it as it keeps growing. I really like how they were able to increase revenues by a double-digit number this year. I also like the fact that they paid out a pretty penny of their revenues to investors, but still retained some to invest back into their business. My recommendation is to at least get into a position as early as you can in your investing journey and reinvest your dividends back into this company. You'll be shocked how much this will impact your ROI on this company alone. 

*Information from Waste Management, Yahoo Finance, Google
*Estimates from Zacks

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