Conference Call Participants
Sabahat Khan – RBC Capital Markets, Research Division
Bryan Burgmeier – Citigroup Inc., Research Division
Trevor Romeo
Patrick Brown – Raymond James & Associates, Inc., Research Division
Toni Kaplan – Morgan Stanley, Research Division
Faiza Alwy – Deutsche Bank AG, Research Division
Adam Bubes – Goldman Sachs Group, Inc., Research Division
Noah Kaye – Oppenheimer & Co. Inc., Research Division
James Schumm – TD Cowen, Research Division
Jerry Revich – Wells Fargo Securities, LLC, Research Division
Konark Gupta – Scotiabank Global Banking and Markets, Research Division
Seth Weber – BNP Paribas, Research Division
Shlomo Rosenbaum – Stifel, Nicolaus & Company, Incorporated, Research Division
Tobey Sommer – Truist Securities, Inc., Research Division
William Grippin – Barclays Bank PLC, Research Division
Tami Zakaria – JPMorgan Chase & Co, Research Division
Alexander Augimeri – CIBC Capital Markets, Research Division
Stephanie Benjamin Moore – Jefferies LLC, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the WM Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note that today’s conference is being recorded. I will now hand the conference over to your speaker host, Ed Egl, Vice President of Investor Relations. Please go ahead.
Edward Egl
Director of Investor Relations
Thank you, Olivia. Good morning, everyone, and thank you for joining us for our fourth quarter and full year 2025 earnings conference call. With me this morning are Jim Fish, Chief Executive Officer; John Morris, President and Chief Operating Officer; and David Reed, Executive Vice President and Chief Financial Officer. You’ll hear prepared comments from each of them today. Jim will cover high-level financials and provide a strategic update. John will cover our operating overview, and David will












