5 Things Waste Management Inc. Wants You to Know
After Waste Management (NYSE: WM) reported its third-quarter results, its leadership team shared some important information with investors during the subsequent conference call. Here are the key takeaways for long-term shareholders.
We continue to focus on disciplined pricing, as demonstrated by core price continuing to exceed our full-year target. In the third quarter, our collection and disposal core price was 4.7%, and our yield was 2%. Our strong pricing led to income from operations growing 8.3% and income from operations margin improving 60 basis points. -- CEO James Fish
Waste Management's irreplaceable landfills, transfer stations, and recycling centers combine to form a wide economic moat that insulates its business from the competition. In turn, the trash titan is able to consistently raise its fees. Together with its cost-control initiatives, these price increases are fueling margin expansion and earnings growth.
Source: Fool.com
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