Waste Management, Inc.

Filing receipts

“These volume increases were largely offset by volume declines in our collection business primarily due to harsh winter weather in the current period as well as our intentional shedding of lower-margin residential business.”

“The $20 million increase is primarily due to increases in (i) technology spend; (ii) bad debt expense and (iii) labor costs; ● Income from operations of $1,113 million, or 17.9% of revenues, compared to $1,013 million, or 16.8% of revenues, in the prior year period.”

“Selling, General and Administrative Expenses The following table summarizes the major components of our selling, general and administrative expenses for the three months ended March 31 (in millions of dollars and as a percentage of revenues): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2026 ​ ​ ​ ​ 2025 ​ Labor and related benefits ​ $ 437 ​ ​ ​ 7.0 % ​ $ 427 ​ ​ ​ 7.1 % Professional fees ​ 82 ​ 1.3 ​ ​ 92 ​ 1.5 ​ Provision for bad debts ​ 29 ​ 0.5 ​ ​ 19 ​ 0.3 ​ Other ​ 159 ​ 2.6 ​ ​ 149 ​ 2.5 ​ ​ ​ $ 707 ​ 11.4 % ​ $ 687 ​ 11.4 % ​ Selling, general and administrative expenses increased from the prior year period primarily due to increases in (i) technology spend; (ii) bad debt expenses and (iii) la...”