Episode Details

Waste Management just promised a massive cash windfall, but the market… shrugged? 📉 On this episode of Earnings Unscripted, Susie and Miro dig into a quarter where revenue dipped, yet profits soared.

The headline story is the “Harvest”-after years of heavy spending on RNG plants and automation, WM is finally cutting CapEx and predicting a 30% jump in free cash flow. Plus, the Stericycle turnaround is moving faster than anyone expected, with healthcare margins leaping from near-zero to over 14% in record time. 🏥💸

But it wouldn’t be *Earnings Unscripted* without a look at the fine print. We uncover the clever accounting tweak regarding "accretion expense" that’s optically boosting next year’s EBITDA targets and ask why management is quietly backing away from their 2027 Investor Day goals.

Is the industrial economy finally waking up as the CEO suggests, or is this just aggressive stability priced for perfection? Tune in for the clean numbers and the dirty details. 🚛✨