NYSE$WM
Waste Management Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Announced financial results for the quarter ended March 31, 2020.
Waste Management reported Q1 2020 revenues of $3.73 billion, a slight increase from $3.70 billion in Q1 2019. Net income was $361 million, or $0.85 per diluted share, compared to $347 million, or $0.81 per diluted share in the same period last year. The company has suspended its 2020 financial guidance due to the COVID-19 pandemic.
- Q1 2020 revenue reached $3.73 billion, up from $3.70 billion in the same period of 2019.
- Net income for the quarter was $361 million, or $0.85 per diluted share.
- Adjusted net income was $395 million, or $0.93 per diluted share.
- The company has suspended its 2020 financial guidance due to the COVID-19 pandemic.
Headline financials
Revenue & EPS history
Waste Management · Revenue · Quarterly
$3.73B
Forward guidance
Waste Management has suspended its 2020 financial guidance due to the unprecedented impact of, and uncertainty created by, the COVID-19 pandemic.
Tailwinds
- Leveraging technology to enable swift route optimization
- Dramatically reducing overtime hours
- Limiting hiring and optimizing the existing workforce through greatly improved retention and reduced turnover
- Reducing or eliminating certain non-essential costs and expenses like travel and entertainment and consulting costs
- Flexing capital expenditures to a level that is consistent with volume changes.
Headwinds
- Anticipate a significant decrease in 2020 revenue from planned levels as a result of COVID-19, driven by volume declines in our landfill and industrial and commercial collection businesses.
- A reduction in landfill and industrial collection volumes.
- Service decreases accelerated late in the month and into the second quarter.
- An increase in container weights in the residential line of business, which increased our cost to service these customers.
- The Company had a negative revenue impact of approximately $40 million due to COVID-19.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.1%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.5%
Avg return
30 days after
52%
38 / 73 earnings
Positive
+8.6%
Q2 2018
Best reaction
-11.3%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | +0.2% | -7.0% | |
| Q4 2025 | -1.9% | -2.8% | +4.0% | |
| Q3 2025 | -4.4% | -6.5% | +1.7% | |
| Q2 2025 | +0.3% | +1.7% | -3.5% | |
| Q1 2025 | -0.1% | +2.1% | +3.8% | |
| Q4 2024 | +6.1% | +6.0% | +11.1% | |
| Q3 2024 | +6.0% | +3.5% | +10.5% | |
| Q2 2024 | -8.6% | -8.3% | -4.0% | |
| Q1 2024 | +1.9% | +1.6% | +0.0% | |
| Q4 2023 | +5.6% | +6.7% | +11.7% | |
| Q3 2023 | +5.2% | +3.5% | +10.1% | |
| Q2 2023 | -4.0% | -5.2% | -8.5% | |
| Q1 2023 | -2.4% | +0.7% | -2.6% | |
| Q4 2022 | -2.8% | -1.9% | -3.0% | |
| Q3 2022 | -4.1% | -4.0% | -0.4% | |
| Q2 2022 | +6.2% | +5.4% | +10.6% | |
| Q1 2022 | +7.4% | +5.4% | +1.3% | |
| Q4 2021 | -2.7% | -2.7% | +3.3% | |
| Q3 2021 | -3.7% | -0.6% | +2.8% | |
| Q2 2021 | -0.7% | +1.1% | +4.7% | |
| Q1 2021 | +1.7% | +3.0% | +4.9% | |
| Q4 2020 | -0.5% | -2.0% | +8.3% | |
| Q3 2020 | +6.3% | +10.5% | +8.5% | |
| Q2 2020 | -0.0% | -0.8% | +4.0% | |
| Q1 2020 | +2.5% | +1.5% | +13.3% | |
| Q4 2019 | +0.1% | +0.5% | -16.2% | |
| Q3 2019 | -3.2% | -4.8% | -5.3% | |
| Q2 2019 | +2.3% | +1.9% | +0.1% | |
| Q1 2019 | -0.3% | +1.2% | +2.2% | |
| Q4 2018 | +0.5% | +0.5% | +2.4% | |
| Q3 2018 | -2.6% | +1.8% | +4.2% | |
| Q2 2018 | +8.6% | +9.1% | +11.3% | |
| Q1 2018 | -0.1% | -1.7% | -1.4% | |
| Q4 2017 | +3.1% | +2.7% | +4.6% | |
| Q3 2017 | +6.2% | +6.0% | +3.7% | |
| Q2 2017 | -0.3% | -0.6% | +0.3% | |
| Q1 2017 | -1.9% | -1.6% | -3.2% | |
| Q4 2016 | +1.5% | +2.1% | +3.1% | |
| Q3 2016 | +1.0% | +4.7% | +11.6% | |
| Q2 2016 | -1.5% | -1.3% | -5.0% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +1.1% | — | — | |
| Q3 2015 | +2.7% | — | — | |
| Q2 2015 | +2.2% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | +6.5% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | +3.4% | — | — | |
| Q1 2014 | +2.5% | — | — | |
| Q4 2013 | -5.7% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | +3.4% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +5.3% | — | — | |
| Q1 2012 | -5.1% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q2 2011 | -11.3% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2009 | -1.7% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2009 | +3.7% | — | — | |
| Q3 2009 | -2.4% | — | — | |
| Q3 2008 | -2.4% | — | — | |
| Q2 2009 | -4.6% | — | — | |
| Q4 2008 | -4.6% | — | — | |
| Q4 2007 | -4.6% | — | — | |
| Q2 2008 | -4.6% | — | — |
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