Waste Management

“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) labor costs.”

WM 10-Q · 2026-04-29

“The most significant items impacting Adjusted EBITDA in Group 3 during the three months ended March 31, 2026 compared to the three months ended March 31, 2025 include: • Net revenue for the three months ended March 31, 2026 decreased 9.8% primarily due to a decline in emergency response activity, partially offset by acquisition related growth and price increases relative to the same period in 2025.”

RSG 10-Q · 2026-05-08

“The $38 million decrease is primarily due to an increase in interest expense related to the additional debt incurred to finance our Stericycle acquisition.”

WM 10-K · 2026-02-09