Waste Management Hosts 2019 Investor Day in New York City
The Company Outlines Strategy to Accelerate Growth; Reaffirms 2019 Full-Year Guidance, Excluding Acquisition-Related Considerations; and Establishes 2021 Financial Growth Rates
“In recent years, we have extended our leadership position by executing
several key strategic initiatives, including attracting top senior-level
talent, optimizing our business, investing in technology and
strengthening our balance sheet,” said
Today, the Company reaffirms its 2019 financial outlook, excluding
2019 – 2021 LONG-TERM AVERAGE ANNUAL GROWTH TARGETS
- Revenue growth in the collection and disposal business of between 4% and 6%.
- Adjusted Operating EBITDA growth of between 5% and 7%.(a)
- Free Cash Flow growth of between 5% and 7%.(a)
EVENT WEBCAST DETAILS
The live webcast of Waste Management’s Investor Day, including question
and answer sessions, will begin at
(a) | Adjusted operating EBITDA and free cash flow are non-GAAP measures. Please see the May 30, 2019 Investor Day presentation, available at the website identified in the prior paragraph, for definitions of these terms and additional information about the Company’s use of non-GAAP measures. Due to the uncertainty of the likelihood, amount and timing of future items that may impact these measures, the Company is unable to provide a quantitative reconciliation of long-term projected adjusted operating EBITDA growth or long-term projected free cash flow growth to the comparable GAAP measures. | ||||||
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve
risks and uncertainties, including all statements about future
performance, 2019 financial outlook, achievement of long-term growth
targets and the acquisition of Advanced Disposal. You should view these
statements with caution. These statements are not guarantees of future
performance, circumstances or events. They are based on the facts and
circumstances known to the company as of the date the statements are
made. Factors that could cause actual results to differ materially from
those expressed or implied by the forward-looking statements in this
press release are discussed in our Annual Report on Form 10-K for the
year ended
ABOUT WASTE MANAGEMENT
Waste Management, based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20190530005235/en/
Source:
Waste Management
Analysts
Ed Egl
713.265.1656
eegl@wm.com
Media
Andy Izquierdo
832.710.5287
aizquierdo@wm.com
Web site
www.wm.com