NYSE$WM
Waste Management Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Waste Management reported strong full-year results, delivering record revenue, income from operations, and net cash provided by operating activities. The company's performance allowed them to return over $2.3 billion to shareholders during 2021 and plan a 13% increase in the dividend rate for 2022.
- The company expects collection and disposal revenue growth of about 6% due to disciplined pricing programs.
- Growth investments in recycling and renewable energy businesses are planned to total more than $1.5 billion through 2025.
- These investments aim to increase recycling volumes by over 1.5 million tons and grow renewable natural gas generation by 21 million MMBtu by 2026.
- The company plans a 13% increase in its dividend rate for 2022.
Headline financials
Revenue & EPS history
Waste Management · Revenue · Quarterly
$4.68B
Forward guidance
Waste Management anticipates continued revenue growth and operating leverage, driven by disciplined pricing programs and cost management. They also plan significant investments in recycling and renewable energy, with the aim of increasing recycling volumes and renewable natural gas generation.
Tailwinds
- Expected collection and disposal revenue growth of about 6%.
- Disciplined pricing programs are expected to drive revenue growth.
- Operating leverage is expected as costs are managed.
- Planned 13% increase in the dividend rate for 2022.
- Growth investments in recycling and renewable energy businesses.
Headwinds
- Managing costs in the face of inflationary pressure.
- Risk of failure to implement optimization, growth, and cost savings initiatives.
- Potential negative impacts from environmental regulations.
- Risk of significant environmental, safety or other incidents.
- Uncertainty remains with respect to various factors that influence the pace of economic recovery
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 Q4 2021
+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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