8-KEarnings & ResultsRegulation FDExhibits & Filings

WASTE MANAGEMENT INC 8-K Report, Financial Results (Jul 28, 2011)

Filed July 28, 2011For Securities:WM

Summary

Waste Management, Inc. (WM) filed an 8-K on July 28, 2011, primarily to disclose its second quarter 2011 financial results and a significant acquisition. The company announced its earnings for the quarter ended June 30, 2011, and held a conference call to discuss these results, including the use of non-GAAP financial measures. Investors should note that the company provided reconciliations for these non-GAAP measures to their GAAP equivalents. In addition to the financial results, WM also announced the acquisition of Oakleaf Global Holdings. This strategic move was detailed in a separate press release, and management indicated it would be a topic of discussion during the earnings call. The 8-K filing serves as a crucial point of reference for understanding WM's recent operational performance and its expansion strategy.

Key Highlights

  • 1Waste Management, Inc. (WM) reported its financial results for the second quarter ended June 30, 2011.
  • 2The company issued a press release on July 28, 2011, detailing these Q2 2011 earnings.
  • 3WM held a conference call on the morning of July 28, 2011, to discuss its financial performance.
  • 4Management discussed certain non-GAAP financial measures in the earnings call and provided reconciliations to GAAP measures.
  • 5WM announced the acquisition of Oakleaf Global Holdings.
  • 6The acquisition of Oakleaf Global Holdings was disclosed via a separate press release.
  • 7Both earnings results and the acquisition were announced on July 28, 2011.

Frequently Asked Questions

The 8-K filing does not provide the specific financial figures for the second quarter of 2011. However, it states that Waste Management, Inc. issued a press release on July 28, 2011, announcing these results, which can be found in Exhibit 99.1.

The 8-K filing announces the acquisition of Oakleaf Global Holdings but does not provide details on the strategic rationale or specific benefits of this acquisition. Investors would need to refer to Exhibit 99.2, the press release regarding the acquisition, or listen to the conference call mentioned in the filing for more information.

The detailed financial results for the second quarter of 2011 are available in Exhibit 99.1 (Press Release dated July 28, 2011 regarding Second Quarter 2011 Earnings). Information regarding the acquisition of Oakleaf Global Holdings can be found in Exhibit 99.2 (Press Release dated July 28, 2011 regarding Acquisition of Oakleaf Global Holdings).

Yes, the filing explicitly states that management was expected to discuss certain non-GAAP financial measures and that reconciliations to the most comparable GAAP measures were provided in the press release.