Waste Management Is A Money Printing Compounder

Waste Management remains a top defensive pick, with a reiterated buy rating based on robust cash flows and disciplined expense management. Q1 revenue growth slowed to 3.5% YoY, missing estimates, but margin expansion and an EPS beat highlight strong profitability. Operating cash flow surged 24.3% YoY, and FCF jumped 93.7%, supporting a 14.5% dividend hike and $344 million in share repurchases.