WM · 10-Q · 2026Q2 · Full report

Acquisitions and Divestitures

WASTE MANAGEMENT INC · 2026-07-29 · Importance 51 · Surprise 64

Cash spending on acquisitions declined to $98 million in the six months ended June 30, 2026, from $374 million in 2025, with $85 million classified as investing cash flow. The acquisitions related to Waste Management’s solid waste and recycling businesses. Proceeds from divestitures declined to $77 million in 2026 from $103 million in 2025, with 2026 proceeds primarily from a business divestiture in the West Tier. The 2025 divestiture proceeds primarily came from selling the Healthcare Solutions segment’s Spain and Portugal subsidiaries.

Key facts

The Company recorded a $34 million gain on a business divestiture in its West Tier during the six months ended June 30, 2026. source
Cash spending on acquisitions was $98 million for the six months ended June 30, 2026 and $374 million for the six months ended June 30, 2025. source
Proceeds from divestitures of businesses and other assets, net of cash divested, were $77 million for the six months ended June 30, 2026 and $103 million for the six months ended June 30, 2025. source
Proceeds in 2026 primarily related to a business divestiture in Waste Management's West Tier. source
Proceeds in 2025 primarily related to the sale of Waste Management's Healthcare Solutions segment’s Spain and Portugal subsidiaries. source
Of the acquisition cash spending, $85 million in 2026 and $366 million in 2025 are considered cash used in investing activities; the remaining spend is cash used in financing activities related to timing of contingent consideration paid. source
Restructuring charges for the three and six months ended June 30, 2026 were not material; restructuring charges for the three and six months ended June 30, 2025 were primarily due to employee costs related to integration of the November 2024 acquisition of Stericycle. source
The acquisitions during these periods are related to Waste Management's solid waste and recycling businesses. source