On January 29, 2025, WM (formerly Waste Management) released its fourth-quarter and full-year 2024 financial results, showcasing significant growth and strategic advancements.
Key Financial Highlights:
Revenue: The company reported fourth-quarter revenue of $5.893 billion.
Income from Operations: WM achieved $919 million in income from operations for the quarter.
Operating EBITDA: The operating EBITDA for the quarter was $1.571 billion.
For the full year 2024, WM's legacy business experienced over 10% growth in adjusted operating EBITDA, reaching a 30% margin for the first time in the company's history.
Strategic Developments:
In November 2024, WM completed the acquisition of Stericycle, Inc., expanding its comprehensive environmental solutions into the growing healthcare market and advancing the company's sustainability commitments.
Dividend Increase:
Reflecting its strong financial performance and commitment to shareholder returns, WM announced a 10% increase in its quarterly dividend rate for 2025, raising it from $0.75 to $0.825 per share. This adjustment brings the annual dividend rate to $3.30 per share, up from the previous $3.00.
WM's robust financial results and strategic initiatives underscore its leadership in environmental solutions and dedication to sustainable growth.
