Waste Management had remarkable organic revenue growth, driven by a collection and disposal yield of 6.2%. The company continues to combat widespread inflationary cost pressures and its pricing has accelerated sequentially. This helped them deliver an all-around beat. The management also kept advancing their long-term strategic initiatives, including giving their workers the best workplace possible, investing in technology and automation that helps lowers their business costs, and utilizing a sustainable platform for growth. The company’s ability to manage this competitive labour market depends on its continued investment as well as its efforts to reduce its reliance on personnel through attrition and technology. In Q2, the team reached two major milestones on their path to sustainable growth. They opened their 5th RNG plant in Oklahoma. They anticipate opening two more cutting-edge recycling facilities and entering a new recycling market in the second part of the year. The company also went on to acquire Ray’s Trash Service in Central Indiana. Overall, we give Waste Management a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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