Waste Management stock: Healthcare turnaround advances after Q3 call

Waste Management stock is in focus after the company's third-quarter earnings call on October 28, 2026 added new details beyond the results already reported. CEO Jim Fish said he will retire in early January after ten years in the role, with President John Morris expected to become CEO. The succession update was reported by MarketBeat.

At Lang & Schwarz, the share traded at 205.40 euros on October 29, 2026, at 5:32:17 p.m. Berlin time. This is a current euro quote; a verified Xetra closing comparison is not included here.

What has changed since the last report

The call provided a more detailed view of the integration of Healthcare Solutions, the business acquired through Stericycle. Revenue in the segment rose 3.7 percent in the third quarter, while operating EBITDA increased 33 percent. Management said the segment reached its year-end targets ahead of schedule, with core price at 5.5 percent and selling, general and administrative expenses at 15.2 percent of revenue.

WM also reported that it had completed USD 239 million of tuck-in acquisitions during the first nine months. A further USD 140 million is expected to close in the fourth quarter, while a separate USD 250 million transaction is expected to close early in 2027. Management described core solid-waste acquisitions as a strategic priority.

Cash generation remains central

The company reaffirmed its 2026 outlook. Revenue and free cash flow are expected at the high end of their existing ranges, while adjusted operating EBITDA remains guided to USD 8.15 billion to USD 8.25 billion. Through the first nine months, free cash flow exceeded USD 3 billion and WM returned more than 90 percent of that amount to shareholders through buybacks and dividends.

These figures are non-GAAP where identified by the company, so investors should distinguish adjusted operating EBITDA and free cash flow from reported profit. The official WM earnings release reported third-quarter revenue of USD 6.846 billion and net income of USD 820 million for the period ended September 30, 2026.

For broader market context, see the S&P 500 market overview.

For the real-time quote of Waste Management stock, investors can follow the continuously updated snapshot. More news and analyses on Waste Management stock.