WM — Oct 28, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-24-111884
Showing in the filing
Expectation for received recycling commodity pricing
“approximately $90 per ton”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 22
Revenue growth for FY2024
“about 6%”
Adjusted operating EBITDA for FY2024
“about $6.5 billion”
Renewable natural gas projects to be commiss…
“four additional projects”
Annual production from renewable natural gas… for FY2025
“approximately six million MMBtu”
Total capital expenditures for FY2024
“$3.15 to $3.25 billion”
Sustainability growth investments (capital e… for FY2024
“about $950 million”
Sustainability growth investments
“about $950 million”
Free cash flow for FY2024
“$2.15 billion”
Stericycle acquisition closing for Q4 FY2024
“the fourth quarter of 2024”
Expectation for received recycling commodity… for FY2024
“approximately $90 per ton”
Net cash provided by operating activities (S… for FY2024
“$5,125”
Net cash provided by operating activities (S… for FY2024
“$5,300”
Capital expenditures to support the business… for FY2024
“(2,225)”
Capital expenditures to support the business… for FY2024
“(2,275)”
Proceeds from divestitures of businesses and… for FY2024
“125”
Proceeds from divestitures of businesses and… for FY2024
“150”
Free cash flow without sustainability growth… for FY2024
“$3,025”
Free cash flow without sustainability growth… for FY2024
“$3,175”
Capital expenditures - sustainability growth… for FY2024
“(925)”
Capital expenditures - sustainability growth… for FY2024
“(975)”
Free cash flow (Scenario 1) for FY2024
“$2,100”
Free cash flow (Scenario 2) for FY2024
“$2,200”
Exhibit 99.1 · the passage around this item
… earlier in the release
(f) The Company’s blended average price received for single stream recycled
commodity price sold during the quarter was about $101 per ton compared to about $58 per ton in the prior year period, and the full-year
expectation for received pricing remains approximately $90 per ton. In the third quarter, the average price received for Renewable Fuel
Standard credits sold during the quarter was $3.08 compared to $2.65 in the prior year period, and the average price received for natural
gas sold during the quarter was $1.80 per MMBtu compared to $2.11 per MMBtu in the prior year period. The average price received for electricity
was about $60 per megawatt hour in the third quarter compared to about $65 per megawatt hour in the prior year period.
(g) The Company’s 2024 financial guidance and outlook excludes (i) transaction
and advisory costs incurred in connection with the acquisition of Stericycle and (ii) post-closing financial contributions related to
the acquisition of Stericycle.
The Company will host a conference call at 10 a.m.
ET on October 29, 2024 to discuss the third quarter 2024 results. Information contained within this press release will be referenced and
should be considered in conjunction with the call.
Listeners can access a live audio webcast of the
conference call by visiting investors.wm.com and selecting “Events & Presentations” from the website menu. A replay of
the audio webcast will be available at the sam
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.