WM — Oct 27, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-102615
Showing in the filing
Single stream commodity price expectation
“approximately $75 per ton”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 7
Targeted leverage ratio for FY2026
“between 2.5 and 3.0 times”
Adjusted operating EBITDA for FY2025
“between $7.475 and $7.625 billion”
Free cash flow for FY2025
“between $2.8 and $2.9 billion”
Total Company revenue for FY2025
“approximately $25.275 billion”
Projected adjusted operating EBITDA margin for FY2025
“between 29.6% and 30.2%”
Free cash flow for FY2026
“approach $3.8 billion”
Single stream commodity price expectation for FY2025
“approximately $75 per ton”
Exhibit 99.1 · the passage around this item
… earlier in the release
(h) The Company’s blended average
price received for single stream recycled commodities sold during the quarter was about $68
per ton compared to about $101 per ton in the prior year period. The Company now expects
single stream commodity prices to average approximately $75 per ton in 2025, which is down
from its prior expectation of $80 per ton. The average price received for Renewable Fuel
Standard credits was $2.56 during the quarter compared to $3.08 in the prior year period.
The average price received for natural gas was $2.46 per MMBtu during the quarter compared
to $1.80 per MMBtu in the prior year period. The average price received for renewable electricity
was about $73 per megawatt hour in the quarter compared to about $60 per megawatt hour in
the prior year period.
(i) Leverage ratio is calculated based on
the defined terms for this financial covenant in the Company’s revolving credit agreement,
which is Exhibit 10.9 to the Company’s Form 10-K filed Feb. 19, 2025.
The Company will host a conference call at 10
a.m. ET on October 28, 2025, to discuss the Third Quarter 2025 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 same lo
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.