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Waste Management expects strong 2024 growth with positive earnings and revenue outlook post-Stericycle deal

Company Fundamentals
18 May 2026
Seeking Alpha
View Source
Bullish
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Waste Management reaffirmed its 2024 guidance, projecting revenue of $26.4–$26.6 billion, up 5% year-over-year, and adjusted EBITDA of $8.15–$8.25 billion, a 6% increase. The company also expects free cash flow to rise 29% to $3.75–$3.85 billion, supported by normalized operations after acquiring Stericycle. While risks include volume sensitivity and weather disruptions, improving industrial activity and the company's defensive traits support its investment appeal. Valuation remains attractive with a 4.3% free cash flow yield and potential 21% upside if 2027 targets are met.

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