More on Waste Management Q2: Net income +17.3%

|About: Waste Management, Inc. (WM)|By:, SA News Editor

Waste Management's (WM) net income +17.3% to $244M as revenues rise 1.9% to $3.53B.

Internal revenue growth 2.1%.

Income from operations in traditional solid waste business +$47M.

SG&A cost savings $21M; operating expenses +$51M.

Net cash from operating activities $545M, increased free cash flow to $347M

Average recycling commodity prices -12.5% on year.

Expects recycling operations to hurt FY results by $0.08/share vs 2012, up from original forecast of $0.02.

However, still expects FY adjusted EPS of $2.15-2.20 vs consensus of $2.18, and free cash flow of $1.1-1.2B. (Previous) (PR)