Waste Management said acquisitions and divestitures resulted in a net increase in revenues of $671 million, or 11.9%, and $2,101 million, or 13.0%, for the 3 and 9 months ended September 30, 2025, respectively, citing its acquisition of Stericycle in November 2024 as the primary driver.

10-QQuarterly reportFiled Oct 28, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Waste Management said acquisitions and divestitures resulted in a net increase in revenues of $671 million, or 11.9%, and $2,101 million, or 13.0%, for the 3 and 9 months ended September 30, 2025, respectively, citing its acquisition of Stericycle in November 2024 as the primary driver.
Waste Management said average market prices for single-stream recycled commodities declined approximately 35% for the 3 months and approximately 15% for the 9 months. In Q3 2025, the company recognized an impairment charge of $152 million related to the decision to suspend operations of its plastic film recycling business.
Waste Management said operating cash flow for the 9 months ended 2025 increased $466 million compared with the prior year period, and capital expenditures for the same period were $2,339 million, exceeding the prior year period's $2,116 million.
The company said as of September 30, 2025 it had approximately $3.9 billion of debt maturing within the next 12 months, of which $3.0 billion was classified as long-term. It added that share repurchases are temporarily suspended and it currently anticipates resuming them in Q2 2026.

Key figures

Quarter ended September 30, 2025

Revenue: $6.4B
Operating income: $989M
Net income: $603M
EPS: $1.49

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Stericycle Acquisition Impact and Revenue Growth

Waste Management said acquisitions and divestitures resulted in a net increase in revenues of $671 million, or 11.9%, and $2,101 million, or 13.0%, for the 3 and 9 months ended September 30, 2025, respectively, citing its acquisition of Stericycle in November 2024 as the primary driver.

Source · Based on the MD&A text of the filing

Recycling Market Prices and Quarterly Impairment Charges

Waste Management said average market prices for single-stream recycled commodities declined approximately 35% for the 3 months and approximately 15% for the 9 months. In Q3 2025, the company recognized an impairment charge of $152 million related to the decision to suspend operations of its plastic film recycling business.

Source · Based on the MD&A text of the filing

9-Month Operating Cash Flow and Capital Expenditures

Waste Management said operating cash flow for the 9 months ended 2025 increased $466 million compared with the prior year period, and capital expenditures for the same period were $2,339 million, exceeding the prior year period's $2,116 million.

Source · Based on the MD&A text of the filing

Debt Maturing Within 12 Months and Share Repurchase Resumption Timeline

The company said as of September 30, 2025 it had approximately $3.9 billion of debt maturing within the next 12 months, of which $3.0 billion was classified as long-term. It added that share repurchases are temporarily suspended and it currently anticipates resuming them in Q2 2026.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗