Solid Waste Business Growth Drives Company-Best
Full-Year Operating EBITDA and Margin
Four Renewable Natural Gas Facilities
Commissioned in the Fourth Quarter; Overall Production Expected to
More Than Double from 2024 to 2025
Actively Integrating and Optimizing Stericycle
for Growth and Now Expecting $250 Million in Synergies
2025 Expected to Deliver a Step Change in the
Company’s Revenue and Earnings
WM (NYSE: WM) today announced financial results for the fourth
quarter and year ended Dec. 31, 2024.
Three Months Ended
Year Ended
December
31, 2024
December
31, 2023
December
31, 2024
December
31, 2023
(in
millions, except per share amounts)
(in
millions, except per share amounts)
As
Reported
As
Adjusted(a)
As
Reported
As
Adjusted(a)
As
Reported
As
Adjusted(a)
As
Reported
As
Adjusted(a)
Revenue
$5,893
$5,893
$5,217
$5,217
$22,063
$22,063
$20,426
$20,426
Income from Operations
$919
$1,054
$785
$1,032
$4,063
$4,296
$3,575
$3,828
Operating EBITDA(b)
$1,571
$1,706
$1,311
$1,558
$6,330
$6,563
$5,646
$5,899
Operating EBITDA Margin
26.7%
28.9%
25.1%
29.9%
28.7%
29.7%
27.6%
28.9%
Net Income(c)
$598
$688
$493
$703
$2,746
$2,916
$2,304
$2,519
Diluted EPS
$1.48
$1.70
$1.22
$1.74
$6.81
$7.23
$5.66
$6.19
“The WM team achieved another year of exceptional results by
continuously improving our core business, expanding our
sustainability platforms, and adding medical waste and secure
information destruction solutions for our customers,” said Jim
Fish, WM’s President and CEO. “We delivered over 11% growth in
adjusted operating EBITDA for the year as we advanced cost
optimization efforts across our operations and executed on
disciplined pricing programs in the collection and disposal
business.(a) The year also saw the advancement of our
sustainability growth investments, expansion of our solid waste
business through tuck-in acquisitions, and the acquisition of
Stericycle, the largest provider of medical waste services in North
America. The momentum across all of these areas is WM’s foundation
for success in 2025.”
Fish continued, “We expect to deliver a second consecutive year
of double-digit growth in adjusted operating EBITDA in 2025. This
year has started off strong and we are confident in our ability to
maintain this trajectory as we continue to focus on strong
operational performance and service delivery, strategic investments
in growth, and delivering superior value to our shareholders.”
KEY HIGHLIGHTS FOR THE FOURTH QUARTER AND FULL-YEAR
2024
- On Nov. 4, the Company completed the $7.2 billion acquisition
of Stericycle, expanding its comprehensive environmental solutions
into the growing healthcare market while advancing its recycling
platform. The Company will report the medical waste and secure
information destruction businesses together as WM Healthcare
Solutions.
----------------------
Operating EBITDA
Fourth
Quarter 2024
($ in
millions)
Full Year
2024
($ in
millions)
Total
Company
Breakout
As
Adjusted(a)
Total
Company
Breakout
As
Adjusted(a)
Amount
Margin
Amount
Margin
Amount
Margin
Amount
Margin
WM Legacy Business(f)
$
1,567
28.5%
$
1,645
30.0%
$
6,326
29.2%
$
6,502
30.0%
WM Healthcare Solutions
4
1.0%
61
15.1%
4
1.0%
61
15.1%
Total Company
$
1,571
26.7%
$
1,706
28.9%
$
6,330
28.7%
$
6,563
29.7%
- Adjusted operating EBITDA for the WM Legacy Business grew more
than 10% in 2024 and achieved 30% margin for the first time in the
Company’s history.(a) The Company’s Collection and Disposal
business led the way, driven by organic revenue growth from price,
disciplined cost initiatives, and a continued focus on optimizing
business mix.
----------------------
Revenue
Fourth
Quarter 2024
($ in
millions)
Full Year
2024
($ in
millions)
Amount
Growth
Amount
Growth
WM Legacy Business(f)
$
5,490
5.2%
$
21,660
6.0%
WM Healthcare Solutions
403
N/A
403
N/A
Total Company
$
5,893
13.0%
$
22,063
8.0%
- Revenue growth in 2024 was driven by core price of 6.7%.(d) An
increase in completed acquisitions, including Stericycle, and
higher market prices for recycled commodities also contributed to
the outsized revenue growth in the year.(e)
----------------------
Operating Expenses
Fourth
Quarter 2024
($ in
millions)
Full Year
2024
($ in
millions)
Total
Company
Breakout
As
Adjusted(a)
Total
Company
Breakout
As
Adjusted(a)
Amount
Margin
Amount
Margin
Amount
Margin
Amount
Margin
WM Legacy Business(f)
$
3,309
60.3%
$
3,309
60.3%
$
13,139
60.7%
$
13,138
60.7%
WM Healthcare Solutions
244
60.5%
244
60.5%
244
60.5%
244
60.5%
Total Company
$
3,553
60.3%
$
3,553
60.3%
$
13,383
60.7%
$
13,382
60.7%
- The Company continues to prioritize operational excellence by
improving frontline retention, leveraging technology and automation
to optimize the cost structure, and shedding low-margin volumes in
the residential collection business.
----------------------
SG&A Expenses
Fourth
Quarter 2024
($ in
millions)
Full Year
2024
($ in
millions)
Total
Company
Breakout
As
Adjusted(a)
Total
Company
Breakout
As
Adjusted(a)
Amount
Margin
Amount
Margin
Amount
Margin
Amount
Margin
WM Legacy Business(f)
$
592
10.8%
$
536
9.8%
$
2,109
9.7%
$
2,020
9.3%
WM Healthcare Solutions
155
38.5%
98
24.3%
155
38.5%
98
24.3%
Total Company
$
747
12.7%
$
634
10.8%
$
2,264
10.3%
$
2,118
9.6%
- Adjusted SG&A as a percentage of revenue for the WM Legacy
Business was a company-best performance, demonstrating the
continued focus on cost discipline and optimization.(a)
----------------------
- During 2024, the Company continued to progress its investments
in sustainability growth projects, completing five renewable
natural gas facilities and 12 recycling automation and growth
projects, bringing total renewable natural gas projects completed
to seven out of 20 planned facilities and total recycling
automation and new market projects completed to 25 out of 39
planned.(e)
- The Company generated $5.39 billion of net cash provided by
operating activities in 2024, an increase of 14.2% from the prior
year. This strong operating cash flow growth resulted in free cash
flow increasing 21.8% to $2.32 billion.(a)
- In addition to the acquisition of Stericycle, the Company
invested approximately $800 million in acquisitions in 2024,
largely for solid waste businesses. These acquired businesses
contributed about $150 million of revenue growth in 2024.
2025 FINANCIAL OUTLOOK
WM’s 2025 outlook includes a significant step change in revenue
and earnings driven by continued growth in the solid waste
business, the addition of WM Healthcare Solutions, and increased
contributions from sustainability growth investments.
Projected Results
(in millions)
Projected Year-Over-Year
Change
at Midpoint
Revenue
$25,550 - $25,800
Growth of 16.4%, including 5.7% organic
growth and 10.7% acquisition growth
Adjusted operating EBITDA(a)
$7,450 - $7,650
Growth of 15.0%
Adjusted operating EBITDA margin(a)
29.2% - 29.7%
WM Legacy Business expected to achieve
30.7% and WM Healthcare Solutions expected to achieve 17.6%
Capital to support the business
$2,575 - $2,625
Includes a $140 million increase from WM
Legacy Business and a $180 million increase from WM Healthcare
Solutions(f)
Sustainability growth capital
$600 - $650
Reduction of $325 million
Free cash flow(a)
$2,675 - $2,775
Growth of 17.6%
2024 Adjusted Operating EBITDA(a)
$6,563
Growth at
Midpoint
Collection and Disposal
500
Recycling Processing and Sales
90
WM Renewable Energy
60
WM Healthcare Solutions
400
Corporate and Other
(63)
2025 Adjusted Operating EBITDA
Midpoint(a)
$7,550
Collection and Disposal
- Strong growth in the Collection and Disposal business is
expected to be driven by disciplined pricing and continued cost
optimization. Revenue growth outlook is based upon core price in
2025 of between 5.8% and 6.2%, yield of between 4.0% and 4.2%, and
volumes between 0.25% and 0.75%.
- Rollover from solid waste acquisitions is expected to
contribute $150 million of revenue and $35 million of adjusted
operating EBITDA.(a)
Sustainability Businesses
- Growth in the Company’s sustainability businesses is expected
to be driven by increased contributions from growth projects,
partially offset by lower commodity prices.
- The outlook includes a blended average single-stream recycled
commodity price of approximately $85 per ton. The Company estimates
that a $10 per ton change in the blended average single-stream
commodity price impacts total Company operating EBITDA by
approximately $25 million.(g)
- About 50% of the Company’s renewable natural gas expected to be
sold in 2025 has already been contracted at a blended average price
of $28.80 per MMBtu. The Company’s current sensitivity to a $0.25
change in the value of Renewable Fuel Standard credits is
approximately $15 million of operating EBITDA.(h)
WM Healthcare Solutions
- The WM Healthcare Solutions business is expected to grow about
9% before synergies in 2025 driven by organic revenue growth and
operations initiatives, including fleet and asset network
optimization.
- The integration of the business is expected to generate up to
$100 million from synergies in 2025.
- The Company now expects to achieve synergies from the
acquisition of $250 million, double its original estimate. The
Company expects to achieve this run-rate in 2027.
WM’s strong balance sheet and cash flow growth outlook position
the Company to continue its commitment to sound capital allocation.
The Company’s outlook includes $100 to $200 million of investment
in solid waste acquisitions and estimated annual dividends paid to
shareholders of $1.3 billion. The Board of Directors has indicated
its intention to increase the annual dividend by $0.30 per share to
$3.30 in 2025, though all future dividends must be declared by the
Board. As previously announced, the Company has temporarily
suspended share repurchases reflecting the Company’s commitment to
return to targeted leverage levels. By the end of 2025, the Company
expects its leverage to be approximately 3.1 times.
SUSTAINABILITY GROWTH OUTLOOK
WM is progressing its sustainability growth portfolio and
remains committed to investing in an industry-leading network of
renewable natural gas projects and recycling assets. The renewable
natural gas projects have a projected payback period of about three
years and the recycling assets have a projected payback period of
about six years. These anticipated returns reflect the Company’s
views that these investments create strong economic value, in
addition to underlying environmental value. The Company is
providing an updated outlook for the capital expenditures and total
adjusted operating EBITDA contributions from the projects for the
next three years.
(in millions)
2024
2025
2026
2027
Capital Expenditures
Recycling Automation and Growth
Projects
$443
$180 - $200
$65 - $85
-
Renewable Natural Gas Growth Projects
$507
$420 - $450
$55 - $85
-
Total Sustainability Growth Capital
$950
$600 - $650
$120 - $170
-
Operating EBITDA
Recycling Automation and Growth
Projects
$53
$120 - $130
$250 - $260
$290 - $300
Renewable Natural Gas Growth Projects
$39
$150 - $160
$350 - $380
$470 - $500
Sustainability Growth Operating
EBITDA(e)
$92
$270 - $290
$600 - $640
$760 - $800
2025 projections are based on commodity
price assumptions consistent with the Company’s 2025 outlook for a
single-stream recycled commodity price of $85 per ton and for a
blended average renewable natural gas value of $29.50 per MMBtu.
2026 and 2027 projections are based on a single-stream recycled
commodity price of $125 per ton and a blended average renewable
natural gas value of $26 per MMBtu, which were the commodity prices
used to substantiate our investment case and project earnings.
Commodity price variability can impact actual results.
WM is planning to host an investor day in New York City on June
24, 2025, to discuss the Company’s long-term vision and growth
strategies across the business. Additional information about the
event will be provided in the coming months.
Fish concluded, “Our outstanding performance in 2024 underscores
our dedication to excellence, sustainability, and innovation.
Through the hard work of our team, we’ve achieved significant
growth and are set for continued success. In 2025, we are focused
on advancing the growth of our solid waste and sustainability
businesses while also optimizing and growing the WM Healthcare
Solutions business, which further strengthens our capabilities as
the largest environmental services provider in North America. With
a solid foundation and a clear vision, we are confident WM is
positioned to achieve our targets for the year.”
(a)
The information labeled as
adjusted in this press release, as well as free cash flow, are
non-GAAP measures. Please see “Non-GAAP Financial Measures” below
and the reconciliations in the accompanying schedules for more
information.
(b)
Management defines operating
EBITDA as GAAP income from operations before depreciation and
amortization; this measure may not be comparable to similarly
titled measures reported by other companies.
(c)
For purposes of this press
release, all references to “Net income” refer to the financial
statement line item “Net income attributable to Waste Management,
Inc.”
(d)
Core price is a performance
metric used by management to evaluate the effectiveness of our
pricing strategies; it is not derived from our financial statements
and may not be comparable to measures presented by other companies.
Core price is based on certain historical assumptions, which may
differ from actual results, to allow for comparability between
reporting periods and to reveal trends in results over time.
(e)
The Company’s blended average
price received for single stream recycled commodities sold during
the quarter was about $87 per ton compared to about $75 per ton in
the prior year period, and $92 per ton for the full year compared
to $62 per ton in the prior year period. The blended average price
for renewable natural gas sold in 2024 was about $31 per MMBtu. The
average price received for Renewable Fuel Standard credits was
$3.02 during the quarter compared to $2.77 in the prior year
period, and $3.05 for the full year compared to $2.45 in the prior
year period. The average price received for natural gas was $2.30
per MMBtu during the quarter compared to $1.87 per MMBtu in the
prior year period and $1.99 for the full year, compared to $2.07 in
the prior year period. The average price received for electricity
was about $65 per megawatt hour in the quarter compared to about
$62 per megawatt hour in the prior year period and $63 per megawatt
hour for the full year, compared to $64 in the prior year
period.
(f)
Management defines WM Legacy
Business as total Company GAAP results excluding the WM Healthcare
Solutions segment and net of intercompany eliminations.
(g)
At the midpoint of the outlook,
adjusted operating EBITDA contributions from renewable energy and
recycling growth projects are expected to total approximately $280
million in the year, providing year-over-year growth of about $190
million.(a) The difference between sustainability growth
contributions and segment growth in the year is related to the
royalty that the WM Renewable Energy business allocates to the
landfills as well as headwinds in the base renewable energy
business, primarily from lower contributions from renewable
electricity facilities and the Company’s third-party renewable fuel
program.
(h)
The Company expects to generate
between 11 and 12 million MMBtu of renewable natural gas in 2025
and plans to sell between 10 and 11 million MMBtu in 2025. The
Company projects that the renewable natural gas to be sold at
market rates in 2025 will be sold at an average Renewable Fuel
Standard credit price of $2.40 and an average natural gas price of
$2.20 per MMBtu for an expected total value of $30.25 per
MMBtu.
The Company will host a conference call at 10 a.m. ET on Jan.
30, 2025, to discuss the fourth quarter and full-year 2024 results.
Information contained within this press release will be referenced
and should be considered in conjunction with the call.
Listeners can access a live audio webcast of the conference call
by visiting investors.wm.com and selecting “Events &
Presentations” from the website menu. A replay of the audio webcast
will be available at the same location following the conclusion of
the call.
Conference call participants should register to obtain their
dial in and passcode details. This streamlined process improves
security and eliminates wait times when joining the call.
ABOUT WM
WM (WM.com) is North America's leading provider of comprehensive
environmental solutions. Previously known as Waste Management and
based in Houston, Texas, WM is driven by commitments to put people
first and achieve success with integrity. The company, through its
subsidiaries, provides collection, recycling and disposal services
to millions of residential, commercial, industrial, medical and
municipal customers throughout the U.S. and Canada. With innovative
infrastructure and capabilities in recycling, organics and
renewable energy, WM provides environmental solutions to and
collaborates with its customers in helping them pursue their
sustainability goals. WM has the largest disposal network and
collection fleet in North America, is the largest recycler of
post-consumer materials and is a leader in beneficial use of
landfill gas, with a growing network of renewable natural gas
plants and the most landfill gas-to-electricity plants in North
America. WM's fleet includes more than 12,000 natural gas trucks –
the largest heavy-duty natural gas truck fleet in the industry in
North America. WM Healthcare Solutions provides collection and
disposal services of regulated medical waste, as well as secure
information destruction services, in the U.S., Canada and Western
Europe. To learn more about WM and the company's sustainability
progress and solutions, visit Sustainability.WM.com.
FORWARD-LOOKING STATEMENTS
The Company, from time to time, provides estimates or
projections of financial and other data, comments on expectations
relating to future periods and makes statements of opinion, view or
belief about current and future events, circumstances or
performance. This press release contains a number of such
forward-looking statements, including statements in the heading of
this press release, all statements under the headings “2025
Financial Outlook” and “Sustainability Growth Outlook” and all
statements regarding future revenue, earnings, performance and
results of our business; achievement of targets, financial guidance
or outlook; growth and optimization of our business; integration of
the Stericycle business and related contributions, results and
benefits, including amount and timing of synergies; amount and
timing of sustainability investments, upgrades and project
completions and related payback periods, returns, contributions,
and benefits; future capital allocation, acquisition spending,
dividends, share repurchases and leverage; drivers of performance,
including pricing programs and volume; and assumptions regarding
commodity prices, natural gas production, tax credits and renewable
fuel programs. You should view these statements with caution. They
are based on the facts and circumstances known to the Company as of
the date the statements are made. These forward-looking statements
are subject to risks and uncertainties that could cause actual
results to be materially different from those set forth in such
forward-looking statements, including but not limited to, failure
to implement our optimization, automation, growth, and cost savings
initiatives and overall business strategy; failure to obtain the
results anticipated from strategic initiatives, investments,
acquisitions, or new lines of business; failure to identify
acquisition targets, consummate and integrate acquisitions,
including our ability to integrate the acquisition of Stericycle
and achieve the anticipated benefits therefrom, including
synergies; legal, regulatory and other matters that may affect the
costs and timing of our ability to integrate and deliver all of the
expected benefits of the Stericycle acquisition; failure to
maintain an effective system of internal control over financial
reporting; existing or new environmental and other regulations,
including developments related to emerging contaminants, gas
emissions, renewable energy, extended producer responsibility and
our natural gas fleet; significant environmental, safety or other
incidents resulting in liabilities or brand damage; failure to
obtain and maintain necessary permits due to land scarcity, public
opposition or otherwise; diminishing landfill capacity, resulting
in increased costs and the need for disposal alternatives; exposure
to different regulatory, legal, financial and economic conditions
in international jurisdictions; failure to attract, hire and retain
key team members and a high quality workforce; increases in labor
costs due to union organizing activities or changes in wage- and
labor-related regulations; disruption and costs resulting from
severe weather and destructive climate events; failure to achieve
our sustainability goals or execute on our sustainability-related
strategy and initiatives, including within planned timelines or
anticipated budgets due to disruptions, delays, cost increases or
changes in environmental or tax regulations and incentives; focus
on, and regulation of, environmental and sustainability-related
disclosures, which could lead to increased costs, risk of
non-compliance, brand damage and litigation risk related to our
sustainability efforts; macroeconomic conditions, geopolitical
conflict and large-scale market disruption resulting in labor,
supply chain and transportation constraints, inflationary cost
pressures and fluctuations in commodity prices, fuel and other
energy costs; increased competition; pricing actions; impacts from
international trade restrictions; competitive disposal
alternatives, diversion of waste from landfills and declining waste
volumes; changing conditions in the healthcare industry; weakness
in general economic conditions and capital markets; instability of
financial institutions; adoption of new tax legislation; fuel
shortages; failure to develop and protect new technology; failure
of technology to perform as expected; failure to prevent, detect
and address cybersecurity incidents or comply with privacy
regulations; inability to adapt and manage the benefits and risks
of artificial intelligence; negative outcomes of litigation or
governmental proceedings, including those acquired through
transactions; and operational or management decisions or
developments that result in impairment charges. Please also see the
Company’s filings with the SEC, including Part I, Item 1A of the
Company’s most recently filed Annual Report on Form 10-K, as
updated by subsequent Quarterly Reports on Form 10-Q, for
additional information regarding these and other risks and
uncertainties applicable to its business. The Company assumes no
obligation to update any forward-looking statement, including
financial estimates and forecasts, whether as a result of future
events, circumstances or developments or otherwise.
NON-GAAP FINANCIAL MEASURES
To supplement its financial information, the Company has
presented, and/or may discuss on the conference call, adjusted
measures including adjusted earnings per diluted share, adjusted
net income, adjusted income from operations and margin, adjusted
operating EBITDA and margin, adjusted operating expense and margin,
and adjusted SG&A expenses and margin. All adjusted measures
and free cash flow are non-GAAP financial measures, as defined in
Regulation G of the Securities Exchange Act of 1934, as amended.
The Company reports its financial results in compliance with GAAP
but believes that also discussing non-GAAP measures provides
investors with (i) financial measures the Company uses in the
management of its business and (ii) additional, meaningful
comparisons of current results to prior periods’ results by
excluding items that the Company does not believe reflect its
fundamental business performance and are not representative or
indicative of its results of operations.
In addition, the Company’s projected adjusted operating EBITDA
and margin is anticipated to be adjusted to exclude the effects of
other events or circumstances that are not representative or
indicative of the Company’s results of operations. Such excluded
items are not currently determinable, but may be significant, such
as asset impairments and one-time items, charges, gains or losses
from divestitures or litigation, and other items. Due to the
uncertainty of the likelihood, amount and timing of any such items,
the Company does not have information available to provide a
quantitative reconciliation of such projections to the comparable
GAAP measure.
The Company discusses free cash flow and provides a projection
of free cash flow because the Company believes that it is
indicative of its ability to pay its quarterly dividends,
repurchase common stock, fund acquisitions and other investments
and, in the absence of refinancings, to repay its debt obligations.
The Company believes free cash flow gives investors useful insight
into how the Company views its liquidity, but the use of free cash
flow as a liquidity measure has material limitations because it
excludes certain expenditures that are required or that the Company
has committed to, such as declared dividend payments and debt
service requirements. The Company defines free cash flow as net
cash provided by operating activities, less capital expenditures,
plus proceeds from divestitures of businesses and other assets (net
of cash divested); this definition may not be comparable to
similarly-titled measures reported by other companies.
The quantitative reconciliations of non-GAAP measures to the
most comparable GAAP measures are included in the accompanying
schedules, with the exception of projected adjusted operating
EBITDA and margin. Non-GAAP measures should not be considered a
substitute for financial measures presented in accordance with
GAAP.
WASTE MANAGEMENT, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS (In Millions, Except per Share Amounts)
(Unaudited)
Three Months Ended
Year Ended
December 31,
December 31,
2024
2023
2024
2023
Operating revenues
$
5,893
$
5,217
$
22,063
$
20,426
Costs and expenses:
Operating
3,553
3,146
13,383
12,606
Selling, general and administrative
747
513
2,264
1,926
Depreciation, depletion and
amortization
652
526
2,267
2,071
Restructuring
2
1
4
5
(Gain) loss from divestitures, asset
impairments and unusual items, net
20
246
82
243
4,974
4,432
18,000
16,851
Income from operations
919
785
4,063
3,575
Other income (expense):
Interest expense, net
(201
)
(128
)
(598
)
(500
)
Loss on early extinguishment of debt,
net
(7
)
—
(7
)
—
Equity in net income (losses) of
unconsolidated entities
—
(19
)
4
(60
)
Other, net
(11
)
6
(4
)
6
(219
)
(141
)
(605
)
(554
)
Income before income taxes
700
644
3,458
3,021
Income tax expense
102
175
713
745
Consolidated net income
598
469
2,745
2,276
Less: Net income (loss) attributable to
noncontrolling interests
—
(24
)
(1
)
(28
)
Net income attributable to Waste
Management, Inc.
$
598
$
493
$
2,746
$
2,304
Basic earnings per common share
$
1.49
$
1.23
$
6.84
$
5.69
Diluted earnings per common share
$
1.48
$
1.22
$
6.81
$
5.66
Weighted average basic common shares
outstanding
401.6
402.0
401.5
404.9
Weighted average diluted common shares
outstanding
403.6
404.2
403.4
406.9
WASTE MANAGEMENT, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS (In Millions) (Unaudited)
Year Ended
December 31,
2024
2023
Cash flows from operating activities:
Consolidated net income
$
2,745
$
2,276
Adjustments to reconcile consolidated net
income to net cash provided by operating activities:
Depreciation, depletion and
amortization
2,267
2,071
Goodwill impairment
—
168
Loss on early extinguishment of debt,
net
7
—
Other
402
455
Change in operating assets and
liabilities, net of effects of acquisitions and divestitures
(31
)
(251
)
Net cash provided by operating
activities
5,390
4,719
Cash flows from investing activities:
Acquisitions of businesses, net of cash
acquired
(7,488
)
(170
)
Capital expenditures
(3,231
)
(2,895
)
Proceeds from divestitures of businesses
and other assets, net of cash divested
158
78
Other, net
(40
)
(104
)
Net cash used in investing activities
(10,601
)
(3,091
)
Cash flows from financing activities:
New borrowings
24,578
21,306
Debt repayments
(17,870
)
(20,394
)
Common stock repurchase program
(262
)
(1,302
)
Cash dividends
(1,210
)
(1,136
)
Exercise of common stock options
53
44
Tax payments associated with equity-based
compensation transactions
(52
)
(31
)
Other, net
(82
)
(11
)
Net cash provided by (used in) financing
activities
5,155
(1,524
)
Effect of exchange rate changes on cash,
cash equivalents and restricted cash and cash equivalents
(9
)
3
Increase (decrease) in cash, cash
equivalents and restricted cash and cash equivalents
(65
)
107
Cash, cash equivalents and restricted cash
and cash equivalents at beginning of period
552
445
Cash, cash equivalents and restricted cash
and cash equivalents at end of period
$
487
$
552
WASTE MANAGEMENT, INC.
SUMMARY DATA SHEET (In
Millions) (Unaudited)
Operating Revenues by Line of
Business
Three Months Ended
December 31,
2024
2023
Gross
Intercompany
Net
Gross
Intercompany
Net
Operating
Operating
Operating
Operating
Operating
Operating
Revenues(a)
Revenues(a)
Revenues
Revenues(a)
Revenues(a)
Revenues
Commercial
$
1,578
$
(212
)
$
1,366
$
1,501
$
(184
)
$
1,317
Industrial
968
(202
)
766
947
(190
)
757
Residential
896
(22
)
874
879
(23
)
856
Other collection
840
(68
)
772
799
(59
)
740
Total collection
4,282
(504
)
3,778
4,126
(456
)
3,670
Landfill(a)
1,231
(374
)
857
1,161
(361
)
800
Transfer
629
(270
)
359
574
(257
)
317
Total Collection and Disposal
$
6,142
$
(1,148
)
$
4,994
$
5,861
$
(1,074
)
$
4,787
Recycling Processing and Sales
476
(78
)
398
422
(73
)
349
WM Renewable Energy
93
—
93
75
—
75
WM Healthcare Solutions
413
(10
)
403
—
—
—
Corporate and Other
12
(7
)
5
12
(6
)
6
Total
$
7,136
$
(1,243
)
$
5,893
$
6,370
$
(1,153
)
$
5,217
Year Ended
December 31,
2024
2023
Gross
Intercompany
Net
Gross
Intercompany
Net
Operating
Operating
Operating
Operating
Operating
Operating
Revenues
Revenues
Revenues
Revenues
Revenues
Revenues
Commercial
$
6,169
$
(798
)
$
5,371
$
5,801
$
(692
)
$
5,109
Industrial
3,883
(794
)
3,089
3,836
(753
)
3,083
Residential
3,555
(89
)
3,466
3,474
(96
)
3,378
Other collection
3,194
(230
)
2,964
3,006
(220
)
2,786
Total collection
16,801
(1,911
)
14,890
16,117
(1,761
)
14,356
Landfill
4,958
(1,513
)
3,445
4,731
(1,479
)
3,252
Transfer
2,448
(1,067
)
1,381
2,293
(1,036
)
1,257
Total Collection and Disposal
$
24,207
$
(4,491
)
$
19,716
$
23,141
$
(4,276
)
$
18,865
Recycling Processing and Sales
1,890
(287
)
1,603
1,576
(312
)
1,264
WM Renewable Energy
321
(3
)
318
276
(3
)
273
WM Healthcare Solutions
413
(10
)
403
—
—
—
Corporate and Other
48
(25
)
23
46
(22
)
24
Total
$
26,879
$
(4,816
)
$
22,063
$
25,039
$
(4,613
)
$
20,426
_________________
(a)
In the fourth quarter of 2024, the Company
adjusted gross and intercompany operating revenues to reflect the
15% royalty paid by WM Renewable Energy to Collection and Disposal
and Corporate and Other businesses for the purchase of landfill
gas. There was no change to net operating revenues. Prior periods
were recast to conform to current year presentation.
WASTE MANAGEMENT, INC.
SUMMARY DATA SHEET (In
Millions) (Unaudited)
Internal Revenue Growth
Period-to-Period Change for
the
Three Months Ended
December 31, 2024 vs.
2023
Period-to-Period Change for
the
Year Ended
December 31, 2024 vs.
2023
As a % of
As a % of
As a % of
As a % of
Related
Total
Related
Total
Amount
Business(a)
Amount
Company(b)
Amount
Business(a)
Amount
Company(b)
Collection and disposal
$
200
4.4
%
$
811
4.5
%
Recycling Processing and Sales and WM
Renewable Energy (c)
33
7.6
271
17.1
Energy surcharges and mandated fees
(42
)
(16.8
)
(97
)
(9.9
)
Total average yield (d)
$
191
3.7
%
$
985
4.8
%
Volume (e)
17
0.3
88
0.4
Internal revenue growth
208
4.0
1,073
5.2
Acquisitions
476
9.2
584
2.9
Divestitures
(3
)
(0.1
)
(8
)
—
Foreign currency translation
(5
)
(0.1
)
(12
)
(0.1
)
Total
$
676
13.0
%
$
1,637
8.0
%
Period-to-Period Change for
the
Three Months Ended
December 31, 2024 vs.
2023
Period-to-Period Change for
the
Year Ended
December 31, 2024 vs.
2023
As a % of Related
Business(a)
As a % of Related
Business(a)
Yield
Volume(f)
Yield
Volume(f)
Commercial
5.9
%
0.3
%
6.2
%
0.8
%
Industrial
4.7
(4.0
)
5.0
(4.1
)
Residential
6.7
(4.6
)
6.2
(3.4
)
Total collection
5.5
(2.3
)
5.6
(1.8
)
MSW
2.8
5.9
3.1
4.4
Transfer
4.1
0.0
4.5
1.3
Total collection and disposal
4.4
%
(0.9
)%
4.5
%
(0.1
)%
_________________
(a)
Calculated by dividing the increase or
decrease for the current year by the prior year’s related business
revenue adjusted to exclude the impacts of divestitures for the
current year.
(b)
Calculated by dividing the increase or
decrease for the current year by the prior year’s total Company
revenue adjusted to exclude the impacts of divestitures for the
current year.
(c)
Includes combined impact of commodity
price variability in both our Recycling Processing and Sales and WM
Renewable Energy segments, as well as changes in certain recycling
fees charged by our collection and disposal operations.
(d)
The amounts reported herein represent the
changes in our revenue attributable to average yield for the total
Company.
(e)
Includes activities from our Corporate and
Other businesses.
(f)
Workday adjusted volume impact.
WASTE MANAGEMENT, INC.
SUMMARY DATA SHEET (In
Millions) (Unaudited)
Free Cash Flow(a)
Three Months Ended
Year Ended
December 31,
December 31,
2024
2023
2024
2023
Net cash provided by operating
activities
$
1,511
$
1,382
$
5,390
$
4,719
Capital expenditures to support the
business
(736
)
(675
)
(2,281
)
(2,131
)
Proceeds from divestitures of businesses
and other assets, net of cash divested
59
10
158
78
Free cash flow before sustainability
growth investments
834
717
3,267
2,666
Capital expenditures - sustainability
growth investments
(379
)
(367
)
(950
)
(764
)
Free cash flow
$
455
$
350
$
2,317
$
1,902
Three Months Ended
Year Ended
December 31,
December 31,
2024
2023
2024
2023
Supplemental Data
Internalization of waste, based on
disposal costs
70.1
%
68.9
%
69.4
%
68.8
%
Landfill depletable tons (in millions)
31.1
30.1
125.0
122.8
Acquisition Summary(b)
Gross annualized revenue acquired
$
2,622
$
20
$
2,917
$
141
Total consideration, net of cash
acquired
6,720
44
7,500
182
Cash paid for acquisitions consummated
during the period, net of cash acquired
6,706
31
7,479
165
Cash paid for acquisitions including
contingent consideration and other items from prior periods, net of
cash acquired
6,713
34
7,503
173
Landfill Depletion and Accretion
Expenses:
Three Months Ended
Year Ended
December 31,
December 31,
2024
2023
2024
2023
Landfill depletion expense:
Cost basis of landfill assets
$
159
$
145
$
633
$
598
Asset retirement costs
56
46
162
147
Total landfill depletion expense(c)
215
191
795
745
Accretion expense
34
33
133
130
Landfill depletion and accretion
expense
$
249
$
224
$
928
$
875
_________________
(a)
The summary of free cash flow has been
prepared to highlight and facilitate understanding of the principal
cash flow elements. Free cash flow is not a measure of financial
performance under generally accepted accounting principles and is
not intended to replace the consolidated statement of cash flows
that was prepared in accordance with generally accepted accounting
principles.
(b)
Represents amounts associated with
business acquisitions consummated during the applicable period
except where noted
(c)
For both the fourth quarter of 2024 and
the year ended December 31, 2024, the increase in landfill
depletion expense was driven by changes in depletion rates from
revisions in landfill estimates and volume increases, partially
offset by the closure of a landfill in our East Tier.
WASTE MANAGEMENT,
INC.
RECONCILIATION OF CERTAIN
NON-GAAP MEASURES (In Millions, Except Per Share Amounts)
(Unaudited)
Three Months Ended December
31, 2024
Income from
Pre-tax
Tax
Net
Diluted Per
Operations
Income
Expense
Income(a)
Share Amount
As reported amounts
$
919
$
700
$
102
$
598
$
1.48
Adjustments:
Stericycle transaction and integration
costs
113
113
22
91
Loss on early extinguishment of debt
—
7
2
5
(Gain) loss from asset impairments and
other, net(b)
22
22
28
(6
)
135
142
52
90
0.22
As adjusted amounts
$
1,054
$
842
$
154
$
688
$
1.70
Depreciation, depletion and
amortization
652
As adjusted operating EBITDA
$
1,706
Adjusted operating EBITDA
margin
28.9
%
Three Months Ended December
31, 2023
Income from
Pre-tax
Tax
Net
Diluted Per
Operations
Income
Expense
Income(a)
Share Amount
As reported amounts
$
785
$
644
$
175
$
493
$
1.22
Adjustment:
(Gain) loss from asset impairments and
other, net(c)
247
247
5
210
0.52
As adjusted amounts
$
1,032
$
891
$
180
$
703
$
1.74
Depreciation, depletion and
amortization
526
As adjusted operating EBITDA
$
1,558
Adjusted operating EBITDA
margin
29.9
%
_________________
(a)
For purposes of this press release table,
all references to "Net income" refer to the financial statement
line item "Net income attributable to Waste Management, Inc."
(b)
Primarily relates to a charge of $13
million to adjust an indirect wholly-owned subsidiary’s estimated
potential share of the liability for a proposed environmental
remediation plan at a closed site. The tax expense and net income
amounts also include a benefit from the determination that a
realized loss from a prior period is deductible for tax
purposes.
(c)
Primarily relates to (i) a $168 million
goodwill impairment charge related to a business engaged in
accelerating film and plastic wrap recycling capabilities, which
was partially offset by the recognition of $46 million of income
related to the reversal of contingent consideration associated with
our investment in such business, (ii) $107 million of impairment
charges for certain investments in waste diversion technology
businesses, and (iii) a $17 million charge to adjust an indirect
wholly-owned subsidiary's estimated potential share of the
liability for a proposed environmental remediation plan at a closed
site.
WASTE MANAGEMENT,
INC.
RECONCILIATION OF CERTAIN
NON-GAAP MEASURES (In Millions) (Unaudited)
Three Months Ended December
31, 2024
Recycling
WM
Total WM
WM
Collection
Processing
Renewable
Corporate
Legacy
Healthcare
and
Disposal(a)(b)
and Sales(a)
Energy(b)
and Other
Business
Solutions
Total WM
Operating revenues, as reported
$
4,994
$
398
$
93
$
5
$
5,490
$
403
$
5,893
Income from operations, as
reported
$
1,380
$
17
$
32
$
(441
)
$
988
$
(69
)
$
919
Depreciation, depletion and
amortization
484
38
10
47
579
73
652
Operating EBITDA, as reported
$
1,864
$
55
$
42
$
(394
)
$
1,567
$
4
$
1,571
Adjustments:
Stericycle transaction and integration
costs
—
—
—
56
56
57
113
(Gain) loss from asset impairments and
other, net
5
3
—
14
22
—
22
5
3
—
70
78
57
135
Adjusted operating EBITDA
$
1,869
$
58
$
42
$
(324
)
$
1,645
$
61
$
1,706
Operating EBITDA margin, as
reported
37.3
%
13.8
%
45.2
%
N/A
28.5
%
1.0
%
26.7
%
Adjusted operating EBITDA
margin
37.4
%
14.6
%
45.2
%
N/A
30.0
%
15.1
%
28.9
%
Three Months Ended December
31, 2023
Recycling
WM
Collection
Processing
Renewable
Corporate
and
Disposal(a)(b)
and Sales(a)
Energy(b)
and Other
Total WM
Operating revenues, as reported
$
4,787
$
349
$
75
$
6
$
5,217
Income from operations, as
reported
$
1,325
$
(99
)
$
28
$
(469
)
$
785
Depreciation, depletion and
amortization
448
30
8
40
526
Operating EBITDA, as reported
$
1,773
$
(69
)
$
36
$
(429
)
$
1,311
Adjustment:
(Gain) loss from asset impairments and
other, net
—
122
—
125
247
Adjusted operating EBITDA
$
1,773
$
53
$
36
$
(304
)
$
1,558
Operating EBITDA margin, as
reported
37.0
%
(19.8
)%
48.0
%
N/A
25.1
%
Adjusted operating EBITDA
margin
37.0
%
15.2
%
48.0
%
N/A
29.9
%
_________________
(a)
Certain fees related to the processing of
recycled material we collect are included within our Collection and
Disposal businesses. The total amount of such fees in income from
operations for the three months ended December 31, 2024 and 2023 is
$23 million and $19 million, respectively.
(b)
WM Renewable Energy pays a 15%
intercompany royalty to our Collection and Disposal businesses for
landfill gas. The total amount of royalties in income from
operations for the three months ended December 31, 2024 and 2023 is
$14 million and $11 million, respectively.
WASTE MANAGEMENT,
INC.
RECONCILIATION OF CERTAIN
NON-GAAP MEASURES (In Millions, Except Per Share Amounts)
(Unaudited)
Year Ended December 31,
2024
Income from
Pre-tax
Tax
Net
Diluted Per
Operations
Income
Expense
Income(a)
Share Amount
As reported amounts
$
4,063
$
3,458
$
713
$
2,746
$
6.81
Adjustments:
Stericycle transaction and integration
costs
160
160
28
132
Loss on early extinguishment of debt
—
7
2
5
Collective bargaining agreement costs
1
1
—
1
(Gain) loss from asset impairments and
other, net(b)
72
72
40
32
233
240
70
170
0.42
As adjusted amounts
$
4,296
$
3,698
$
783
$
2,916
$
7.23
Depreciation, depletion and
amortization
2,267
As adjusted operating EBITDA
$
6,563
Adjusted operating EBITDA
margin
29.7
%
Year Ended December 31,
2023
Income from
Pre-tax
Tax
Net
Diluted Per
Operations
Income
Expense
Income(a)
Share Amount
As reported amounts
$
3,575
$
3,021
$
745
$
2,304
$
5.66
Adjustments:
Collective bargaining agreement costs
8
8
2
6
(Gain) loss from asset impairments and
other, net(c)
245
245
4
209
253
253
6
215
0.53
As adjusted amounts
$
3,828
$
3,274
$
751
$
2,519
$
6.19
Depreciation, depletion and
amortization
2,071
As adjusted operating EBITDA
$
5,899
Adjusted operating EBITDA
margin
28.9
%
_________________
(a)
For purposes of this press release table,
all references to "Net income" refer to the financial statement
line item "Net income attributable to Waste Management, Inc."
(b)
Primarily includes a $54 million charge
required to increase the estimated fair value of a liability
associated with the expected disposition of an investment the
Company holds in a waste diversion technology business and a $13
million charge to adjust an indirect wholly-owned subsidiary’s
estimated potential share of the liability for a proposed
environmental remediation plan at a closed site.
(c)
Primarily relates to (i) a $168 million
goodwill impairment charge related to a business engaged in
accelerating film and plastic wrap recycling capabilities, which
was partially offset by the recognition of $46 million of income
related to the reversal of contingent consideration associated with
our investment in such business, (ii) $107 million of impairment
charges for certain investments in waste diversion technology
businesses, and (iii) a $17 million charge to adjust an indirect
wholly-owned subsidiary's estimated potential share of the
liability for a proposed environmental remediation plan at a closed
site.
WASTE MANAGEMENT, INC.
RECONCILIATION OF CERTAIN
NON-GAAP MEASURES (In Millions) (Unaudited)
Year Ended December 31,
2024
Recycling
WM
Total WM
WM
Collection
Processing
Renewable
Corporate
Legacy
Healthcare
and
Disposal(a)(b)
and Sales(a)
Energy(b)
and Other
Business
Solutions
Total WM
Operating revenues, as reported
$
19,716
$
1,603
$
318
$
23
$
21,660
$
403
$
22,063
Income from operations, as
reported
$
5,444
$
86
$
99
$
(1,497
)
$
4,132
$
(69
)
$
4,063
Depreciation, depletion and
amortization
1,900
132
36
126
2,194
73
2,267
Operating EBITDA, as reported
$
7,344
$
218
$
135
$
(1,371
)
$
6,326
$
4
$
6,330
Adjustments:
Stericycle transaction and integration
costs
—
—
—
103
103
57
160
Collective bargaining agreement costs
1
—
—
—
1
—
1
(Gain) loss from asset impairments and
other, net
(12
)
3
7
74
72
—
72
(11
)
3
7
177
176
57
233
Adjusted operating EBITDA
$
7,333
$
221
$
142
$
(1,194
)
$
6,502
$
61
$
6,563
Operating EBITDA margin, as
reported
37.2
%
13.6
%
42.5
%
N/A
29.2
%
1.0
%
28.7
%
Adjusted operating EBITDA
margin
37.2
%
13.8
%
44.7
%
N/A
30.0
%
15.1
%
29.7
%
Year Ended December 31,
2023
Recycling
WM
Collection
Processing
Renewable
Corporate
and
Disposal(a)(b)
and Sales(a)
Energy(b)
and Other
Total WM
Operating revenues, as reported
$
18,865
$
1,264
$
273
$
24
$
20,426
Income from operations, as
reported
$
4,821
$
(44
)
$
79
$
(1,281
)
$
3,575
Depreciation, depletion and
amortization
1,812
110
33
116
2,071
Operating EBITDA, as reported
$
6,633
$
66
$
112
$
(1,165
)
$
5,646
Adjustments:
Collective bargaining agreement costs
8
—
—
—
8
(Gain) loss from asset impairments and
other, net
—
122
—
123
245
8
122
—
123
253
Adjusted operating EBITDA
$
6,641
$
188
$
112
$
(1,042
)
$
5,899
Operating EBITDA margin, as
reported
35.2
%
5.2
%
41.0
%
N/A
27.6
%
Adjusted operating EBITDA
margin
35.2
%
14.9
%
41.0
%
N/A
28.9
%
_________________
(a)
Certain fees related to the processing of
recycled material we collect are included within our Collection and
Disposal businesses. The total amount of such fees in income from
operations for the year ended December 31, 2024 and 2023 is $100
million and $61 million, respectively.
(b)
WM Renewable Energy pays a 15%
intercompany royalty to our Collection and Disposal businesses for
landfill gas. The total amount of royalties in income from
operations for the year ended December 31, 2024 and 2023 is $48
million and $41 million, respectively.
WASTE MANAGEMENT,
INC.
RECONCILIATION OF CERTAIN
NON-GAAP MEASURES (In Millions) (Unaudited)
Year Ended
December 31,
2024
December 31,
2023
Amount
Amount
Adjusted Operating Expenses and
Adjusted Operating Expenses Margin
Operating revenues, as reported
$
22,063
$
20,426
Operating expenses, as reported
$
13,383
$
12,606
As a % of revenues
60.7
%
61.7
%
Adjustments:
Collective bargaining agreement costs
(1
)
(7
)
Loss contingency reserve adjustment and
other, net
—
3
As adjusted operating
expenses(a)
$
13,382
$
12,602
As a % of revenues
60.7
%
61.7
%
Three months
ended
Three months
ended
December 31,
2024
December 31,
2023
WM
WM
Legacy Business
Healthcare
Solutions
Total
WM
Total WM
Adjusted SG&A Expenses and Adjusted
SG&A Expenses Margin
Operating revenues, as reported
$
5,490
$
403
$
5,893
$
5,217
SG&A expenses, as reported
$
592
$
155
$
747
$
513
As a % of revenues
10.8
%
38.5
%
12.7
%
9.8
%
Adjustment:
Stericycle transaction and integration
costs
(56
)
(57
)
(113
)
As adjusted SG&A expenses
$
536
$
98
$
634
As a % of revenues
9.8
%
24.3
%
10.8
%
Year Ended
Year Ended
December 31,
2024
December 31,
2023
WM
WM
Legacy Business
Healthcare
Solutions
Total
WM
Total WM
Adjusted SG&A Expenses and Adjusted
SG&A Expenses Margin
Operating revenues, as reported
$
21,660
$
403
$
22,063
$
20,426
SG&A expenses, as reported
$
2,109
$
155
$
2,264
$
1,926
As a % of revenues
9.7
%
38.5
%
10.3
%
9.4
%
Adjustments:
Stericycle transaction and integration
costs
(89
)
(57
)
(146
)
—
Collective bargaining agreement costs
—
—
—
(1
)
As adjusted SG&A expenses
$
2,020
$
98
$
2,118
$
1,925
As a % of revenues
9.3
%
24.3
%
9.6
%
9.4
%
_________________
(a)
Total WM and WM Legacy Business
reconciliation is the same.
WASTE MANAGEMENT,
INC.
RECONCILIATION OF CERTAIN
NON-GAAP MEASURES (In Millions) (Unaudited)
2025 Projected Free Cash Flow
Reconciliation(a)
Scenario 1
Scenario 2
Net cash provided by operating
activities
$
5,750
$
5,900
Capital expenditures to support the
business
(2,575
)
(2,625
)
Proceeds from divestitures of businesses
and other assets, net of cash divested
100
150
Free cash flow before sustainability
growth investments
$
3,275
$
3,425
Capital expenditures - sustainability
growth investments
(600
)
(650
)
Free cash flow
$
2,675
$
2,775
_________________
(a)
The reconciliation includes two scenarios
that illustrate our projected free cash flow range for 2025. The
amounts used in the reconciliation are subject to many variables,
some of which are not under our control and, therefore, are not
necessarily indicative of actual results.
WASTE MANAGEMENT,
INC.
SUPPLEMENTAL INFORMATION
PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY (In Millions)
(Unaudited)
Diversity in the structure of recycling
contracts results in different accounting treatment for commodity
rebates. In accordance with revenue recognition guidance, our
Company records gross recycling revenue and records rebates paid to
customers as cost of goods sold. Other contract structures allow
for netting of rebates against revenue.
Additionally, there are differences in
whether companies adjust for accretion expense in their calculation
of EBITDA. Our Company does not adjust for landfill accretion
expenses when calculating operating EBITDA, while other companies
do adjust it for the calculation of their EBITDA measure.
The table below illustrates the impact
that differing contract structures and treatment of accretion
expense has on the Company’s adjusted operating EBITDA margin
results. This information has been provided to enhance
comparability and is not intended to replace or adjust GAAP
reported results.
Three Months Ended
December 31, 2024
December 31, 2023
Amount
Change in
Adjusted
Operating
EBITDA Margin
Amount
Change in
Adjusted
Operating
EBITDA Margin
Recycling commodity rebates
$
236
1.3
%
$
171
1.0
%
Accretion expense
$
34
0.6
%
$
33
0.6
%
Year Ended
December 31, 2024
December 31, 2023
Amount
Change in
Adjusted
Operating
EBITDA Margin
Amount
Change in
Adjusted
Operating
EBITDA Margin
Recycling commodity rebates
$
879
1.3
%
$
604
0.9
%
Accretion expense
$
133
0.7
%
$
130
0.6
%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250129715297/en/
WM
Website www.wm.com
Analysts Ed Egl 713.265.1656 eegl@wm.com
Media Toni Werner media@wm.com
Waste Management (NYSE:WM)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
Waste Management (NYSE:WM)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025
