Waste Management Announces Second Quarter 2010 Earnings

July 30, 2010: Waste Management, Inc. (NYSE: WM) today announced financial results for its second quarter ended June 30, 2010. Revenue for the second quarter of 2010 was $3.16 billion compared with $2.95 billion for the same 2009 period, an increase of $206 million, or 7.0%. Net income(a) for the quarter was $246 million, or $0.51 per diluted share, compared with $247 million, or $0.50 per diluted share, for the second quarter of 2009.

The Company noted certain items that impacted results in the 2010 and 2009 second quarters. Excluding these items, net income would have been $261 million, or $0.54 per diluted share, in the second quarter of 2010 compared with $256 million, or $0.52 per diluted share, in the second quarter of 2009.

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