The company said revenue for Q1 2024 was $5,159 million ($4,892 million a year earlier), and its adjusted operating EBITDA margin was 29.6% (27.2% a year earlier).

1. 01

   The company said revenue for Q1 2024 was $5,159 million ($4,892 million a year earlier), and its adjusted operating EBITDA margin was 29.6% (27.2% a year earlier).

2. 02

   The company said adjusted operating EBITDA for Collection and Disposal rose by $212 million to $1.73 billion, with the margin expanding by 310 basis points to 36.6%. It said total company adjusted operating expenses were 60.9% of revenue.

3. 03

   The company reported free cash flow of $714 million ($395 million a year earlier) for Q1 2024, calculated as net cash provided by operating activities of $1,367 million less maintenance capital expenditures of $502 million and other adjustments.

4. 04

   The company set its adjusted operating EBITDA outlook for 2024 at $6.375 to $6.525 billion (prior outlook: $6.275 to $6.425 billion) and its free cash flow outlook at $2.0 to $2.15 billion (prior outlook: $1.9 to $2.05 billion).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.