Our strong third quarter performance was underscored by significant operating EBITDA growth of over 15% and a notable free cash flow increase of nearly 33%, reflecting the resilience of our business model and strategic investments.

• Operating EBITDA growth exceeded 15%, driven by robust performance in our collection and disposal segment, which contributed over half of the year-over-year increase.
• Free cash flow surged nearly 33%, with an early outlook for 2026 suggesting it could approach $3.8 billion.
• Growth in municipal solid waste (MSW) and special waste volumes each increased by 5%, bolstered by new event work and enhanced pricing strategies.
• Strong performance in the recycling segment resulted in an 18% increase in operating EBITDA, despite recycled commodity prices declining significantly.
• Successful integration of WM Healthcare Solutions is creating cross-selling opportunities, exemplified by a $5 million increase in annual spend from a major hospital client.