Waste Management, Inc.: Is There A Negative Impact Of Inflation and The Changing Dynamic Of Sustainability-Related Capital Expenditures?

Waste Management, Inc. has successfully delivered a strong end to 2023, with a 15% increase in fourth quarter operating EBITDA. This has resulted in full year operating EBITDA exceeding the company’s most recent guidance range by nearly $25 million, affirming the company’s original expectations at the start of the year. However, despite this impressive performance, there are still risks ahead given uncertain economic conditions. Additionally, future results could fail to meet expectations if the company’s sustainability and growth projects do not progress as anticipated.