Waste Management (WM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined slightly from the previous quarter but increased compared to the same quarter one year earlier. The year-over-year gain indicates continued growth, while the sequential dip marks a modest pullback from the prior period's level.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined slightly from the previous quarter but increased compared to the same quarter one year earlier. The year-over-year gain indicates continued growth, while the sequential dip marks a modest pullback from the prior period's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
+5.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.7B
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 |
|---|---|---|
| Jun 30, 2023 | $5.1B | +1.8% |
| Sep 30, 2023 | $5.2B | +2.4% |
| Dec 31, 2023 | $5.2B | +5.7% |
| Mar 31, 2024 | $5.2B | +5.5% |
Revenue performance
Revenue was essentially flat relative to the two preceding quarters, with a minor sequential decrease interrupting a period of steady levels. The year-over-year rise remained positive, reflecting ongoing expansion.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, ending a run of sequential increases. However, compared to the same quarter one year earlier, revenue was higher, extending the year-over-year improvement.
What to watch
The sequential decline, though small, deviates from the stable revenue pattern seen in the prior three quarters and may warrant observation in the coming period.