Waste Management (WM) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reporting quarter increased compared to the prior quarter and also rose versus the same period one year earlier. The sequential improvement reversed the decline seen in the preceding quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reporting quarter increased compared to the prior quarter and also rose versus the same period one year earlier. The sequential improvement reversed the decline seen in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.6%
Change from the immediately preceding quarter.
Year-over-year
+1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$20B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $5.1B | +8.8% |
| Dec 31, 2022 | $4.9B | +5.5% |
| Mar 31, 2023 | $4.9B | +5.0% |
| Jun 30, 2023 | $5.1B | +1.8% |
Revenue performance
The reported revenue was higher than both the immediately preceding quarter and the same quarter of the prior year. This marks a return to sequential growth after a dip in the prior period.
Quarterly comparison
Compared with the preceding quarter, revenue grew, and it also exceeded the level reported in the corresponding quarter a year earlier. The year-over-year gain was less pronounced than the sequential increase.
What to watch
Monitor whether revenue growth continues into the next quarter given the uneven sequential pattern observed in recent periods.