Waste Management, Inc.


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SKU: WM Category:


Waste Management delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings. The company demonstrated increased profitability, disciplined pricing, and optimized cost structures. In a challenging business environment, the company’s unwavering focus on controllable factors shone through in its third-quarter results. Adjusted operating EBITDA experienced a 6% growth, expanding margins by 100 basis points to 29.6% compared to Q3 2022. The solid waste business was the driving force behind this achievement, with organic revenue growth in collection and disposal aligning well with expectations. Notably, the third quarter showcased robust core pricing performance at 6.6% across all lines of business. The resilience of solid waste volumes, with positive trends in commercial volumes and special waste growth, stood out. In sustainability, their strategic investments in renewable energy and recycling are on track, with the seventh renewable natural gas plant set to be operational in January. Recycling facilities have seen technological upgrades and automation enhancements, with further projects in the pipeline. These initiatives have significantly reduced labor costs per ton, boosting the recycling business.

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
⦁ Disclosures

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