Welcome to our dedicated page for Waste Management news (Ticker: WM), a resource for investors and traders seeking the latest updates and insights on Waste Management stock.
Waste Management, Inc. (WM) is North America's leading provider of integrated environmental solutions. Based in Houston, WM partners with communities and customers to manage and reduce waste from collection to disposal. The company focuses on recovering valuable resources and generating clean, renewable energy to minimize environmental impact.
WM tailors its services to meet the diverse needs of nearly 20 million municipal, commercial, industrial, and residential customers. Their extensive network includes 367 collection operations, 355 transfer stations, 273 active landfill sites, 16 waste-to-energy plants, 104 recycling facilities, and 111 beneficial-use landfill gas projects. This comprehensive infrastructure enables WM to offer consistent, high-quality service at the local level.
As the largest integrated provider of traditional solid waste services in the U.S., WM operates 263 active landfills and approximately 332 transfer stations. The company plays a crucial role in recycling efforts across North America, making significant contributions to sustainability and resource conservation.
Recent achievements highlight WM’s commitment to environmental performance and innovation. The company is engaged in projects designed to maximize resource value while minimizing environmental footprint. These efforts ensure that both the economy and the environment can flourish.
For the latest news and updates, visit the company's official website or follow their press releases.
Waste Management (WM) reported a strong first quarter for 2023, achieving revenues of $4.892 billion, up from $4.661 billion in Q1 2022, driven by 7.0% organic revenue growth in the collection and disposal business. Income from operations rose to $825 million, and diluted EPS increased to $1.30. Operating EBITDA improved to $1.33 billion, with a margin of 27.2%. However, operating expenses as a percentage of revenue increased due to wage hikes and inflationary pressures. Free cash flow declined to $395 million, reflecting higher capital expenditures and increased cash interest. WM was also recognized by Forbes as one of the Best Employers for Diversity in 2023.
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