SEATTLE (Recycling Monster): Jim Fish, CEO, WM, during the company’s earnings call on Tuesday, stated that the company is insulated from tariff impacts for 2025. The tariffs are unlikely to affect its RNG and MRF plans. Furthermore, tariffs could create a positive effect for the sale of some of WM’s recycled commodities, he added.

He noted that the Q1 2025 results of the company exceeded expectations, especially after its operations being affected badly in January and February on account of bad weather conditions in the Southeast and Gulf Coast. Furthermore, Jim reiterated its full-year guidance for 2025.

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WM’s Q1 2025 revenues totalled $6.02 billion, higher by 16.7% over the previous year quarter. The net income during the quarter registered 10% year-on-year decline to $637 million. Also, the Q1 operating EBITDA were up by 9.1% at $1.67 billion, at an adjusted EBITDA margin of 27.7%.

The company plans to spend more than $500 million on solid waste acquisitions during the current year, compared with around $800 million in 2024. Capital expenditures for the quarter stood at $831 million.

WM opened two new MRFs during the first quarter- one in California and the other in Texas. It plans to open seven more “next gen” facilities in 2025. Also, it announced restart of operations at its Maryland MRF.