The Fly

Waste Management sees FY23 revenue growth of 4.0% to 5.5%

The projected growth rate implies $20.49B-$20.78B, consensus $20.83B. Sees FY23 adjusted EBITDA of $5.83B-$5.98B vs. $5.51B in FY22. CEO Jim Fish states: "We expect 2023 performance to be driven by another strong year in our collection and disposal business that builds upon our outstanding 2022 results. This robust performance is expected to generate total Company adjusted operating EBITDA growth of 7% at the midpoint of our guidance, which is at the upper end of our long-term operating EBITDA growth expectations. At the same time, we continue to invest in automation technology to further differentiate WM‘s service offerings and drive future performance, and we continue to make large investments to grow our sustainability businesses. Today, we published additional information about our multi-year plan for significant investments in our renewable energy and recycling businesses in a supplemental presentation on our website including announcing that we will be hosting a virtual information session for investors on April 5 to provide more insight into these growth plans."

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