WM (WM) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 28, 2026 astatine 11:46 AM CDT 66 min read

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Date

Oct. 28, 2025 astatine 10 a.m. ET

Call participants

• Chief Executive Officer — James Fish

• President and Chief Operating Officer — John Morris

• Executive Vice President and Chief Financial Officer — Devina Rankin

• Senior Vice President and Chief Sustainability Officer — Tara Hemmer

• Senior Vice President Health Care Solutions — Rafael Carrasco

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Full Conference Call Transcript

Edward Egl: Thank you, Olivia. Good morning, everyone, and convey you for joining america for our 3rd 4th 2025 net league call. With maine this greeting are Jim Fish, Chief Executive Officer; John Morris, President and Chief Operating Officer; and Devina Rankin, Executive Vice President and Chief Financial Officer. You volition perceive prepared comments from each of them today. Jim volition screen our high-level financials and supply a strategical update. John volition screen an operating overview, and Devina 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 merchandise and the schedules of 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. John volition sermon our results successful the areas of output and volume, which, unless stated otherwise, are much specifically references to interior gross maturation oregon IRG from output oregon volume.

During the call, Jim, John and Devina volition sermon operating EBITDA, which is income from operations earlier depreciation and amortization. References to the WM bequest concern are full WM results, excluding the WM Healthcare Solutions segment. Any comparisons, unless different stated, volition beryllium with the anterior twelvemonth period. Net income, EPS, income from operations and margin, operating EBITDA and margin, operating disbursal and borderline and SG&A disbursal and borderline person been adjusted to heighten comparability by excluding definite items that absorption believes bash not bespeak our cardinal concern show oregon results of operations. These adjusted measures, successful summation to escaped currency travel are non-GAAP measures.