James C. Fish, Jr.
President, Chief Executive Officer and Director at Waste Management
So Tyler, Jim here. Let me just give you a little bit of extra color here. The $25 million that Devina referenced in kind of our forecast over the revised guidance number of $6.450 billion that we gave last quarter.
That $25 million has some of what John talked about, which is the Winters Bros. acquisition. We'll get five months-ish of that. We already had baked into our original guidance some M&A EBITDA and revenue. But I can't say we baked in Winters Bros.
So you're going to get part of that. You're going to get, as Devina said you're going to get some of the sustainability stuff, which by the way, is working both ways for us. I mean, we get some commodity pickup.
We also are seeing some -- a few minor delays in a couple of the RNG plants. We're still building that five RNG plants for the year as we said we would, but 30 days or so of delay is impacting us. So all of that adds up to the $25 million, I think Devina's point, though, is really worth really reiterating here.
I mean, you're talking about almost 10% EBITDA growth. And to some degree, I feel like we have a great story to tell, and sometimes we aren't great storytellers, because I feel like we've got 10%, which is the strongest EBITDA growth probably back to the 1990s. I'm sure the company grew by more than 10% in 1982.
But since the 1990s, that's the strongest EBITDA growth we've ever seen. And yet, we're doing it. Remember, in 2019, when we said we would grow EBITDA between 5% and 7%, we said at the top end of the range, that's going to be in a really robust economy where we're seeing two-plus percent volume growth.
We're not seeing two-plus percent volume growth. We're flat on volume. And yes, in an economy that's kind of stumbling along, honestly, and yet we're growing EBITDA by 10%, almost all of that except for that $25 million-ish or whatever that number is for us, almost all that's coming from organic growth.
Same with last year, we grew by 7% last year. And it was almost all organic growth. It's coming from those things that we've talked about in the past. You remember a couple of years ago we started talking about technology probably five years ago.
We're going to bring technology to bear. And we're going to really make a commitment to sustainability, and we're going to put operating processes in place, improve efficiencies. We're going to get smarter with pricing through data and analytics, all of that stuff.
And I remember on the earnings call getting questions like, "Okay, that's great, Jim. When are we going to see the impact on the bottom-line?" You are seeing the impact on the bottom-line. When you see 10% EBITDA growth, 160 basis points of margin growth and still five-ish percent revenue growth, it's all coming from price.
You are absolutely seeing that kind of strategic growth. And then at the same time, we're doing some acquisitions. I mentioned it in my script, where we're filling holes either where we weren't before or adding to really strong strategic positions like Texas, like Florida, like North Carolina, Tennessee, could go down the list, Arizona.
And then you've all seen the deck on Stericycle. I mean, Stericycle is basically a fourth line of business for us. We've got Resi, we've got Commercial we've got Industrial. Now we've got Medical. And with Stericycle comes significant opportunities for synergy and comes with a higher growth trajectory in medical waste than in the solid waste space.
So we're very excited about that, which basically gets me to a $25 million number. And 2025, we'll give you guidance in February. But my gosh, I could not be more bullish when I think about 2025 when you add all those things up.
I mean, think about these sustainability investments. Tara will tell you, we've spent probably third-fourth of the capital or we will have by the end of the year, and we will have only realized 15% of EBITDA.
So 2025, I don't care who gets elected in November. Well, I do, but it doesn't matter who gets elected in November. And it doesn't matter whether we have geopolitical problems. It doesn't matter whether the economy is up or down. We're going to have a blockbuster year in 2025.
We'll talk about it in February. But that's on top of what we consider to be a blockbuster year this year. So a bit longer answer than I think you were bargaining for when you got on -- when you were first in the queue, but I just wanted to make sure everybody understands all that.
