WM (WM) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 11:03 AM CDT 44 min read

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DATE

April 29, 2026 10 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — James C. Fish

• President and Chief Operating Officer — John J. Morris

• Executive Vice President and Chief Financial Officer — David Reed

• Senior Vice President and Chief Sustainability Officer — Tara J. Hemmer

• Vice President, Investor Relations — Edward A. Egl

Full Conference Call Transcript

Edward A. Egl: Thank you, Jonathan. Good morning, everyone, and convey you for joining america for our archetypal 4th 2026 net league call. With maine this greeting are James C. Fish, Chief Executive Officer; John J. Morris, President and Chief Operating Officer; and David Reed, Executive Vice President and Chief Financial Officer. You volition perceive prepared comments from each of them today. I volition screen high-level financials and supply a strategical update. John volition screen an operating overview, and David volition screen the details of the financials. Before we get started, delight enactment that we person filed a Form 8-K that includes the net property merchandise and is disposable connected our website astatine www.wm.com.

The Form 8-K, the property release, and the schedules for the property merchandise see important information. During the call, you volition perceive forward-looking statements, which are based connected existent expectations, projections, oregon opinions astir aboriginal periods. All forward-looking statements are taxable to risks and uncertainties that could origin existent results to disagree materially. Some of these risks and uncertainties are discussed successful today's property merchandise and successful our filings with the SEC, including our astir caller Form 10-K and Form 10-Qs. James and John volition sermon our results successful the areas of output and volume, which, unless stated otherwise, much specifically notation interior gross growth, oregon IRG, from output oregon volume.

During the call, James, John, and David volition sermon operating EBITDA, which is income from operations earlier depreciation, depletion, amortization, and accretion. Beginning this year, landfill accretion disbursal was moved from operating disbursal to depreciation, depletion, amortization, and accretion to heighten comparability and amended bespeak operating performance. For comparability purposes, 2025 actuals person been updated to bespeak the change. Any comparisons, unless different stated, volition beryllium with the prior-year period. Net income, EPS, income from operations and margin, operating EBITDA and margin, operating disbursal and margin, and SG&A disbursal and borderline person been adjusted to heighten comparability by excluding definite items absorption believes bash not bespeak our cardinal concern show oregon results of operations.