Waste Management: EPS Miss, Strong Sales
Waste Management (NYSE:WM), a leader in the garbage and recycling industry, released its Q4 2024 earnings report on January 29, 2025. The report highlighted impressive revenue growth, with $5.893 billion in revenue, signaling strong market demand. However, its adjusted earnings per share (EPS) missed expectations, registering at $1.70 against an anticipated $1.80. Despite the EPS miss, Waste Management's quarter reflected robust revenue performance driven by strategic acquisitions and sustainability projects, setting a positive tone for roadmaps ahead.
Source: Analyst estimates for the quarter provided by FactSet.
Waste Management operates as a dominant player in waste handling, recycling, and renewable energy production. Its expansive network of landfills, transfer stations, and collection systems spans across the U.S. and Canada. This extensive network aids efficient waste processing and enables the transformation of waste into energy, where repayment from customer waste disposal is often funneled into heat and electricity generation. Recently, Waste Management has heightened focus on sustainable growth, emphasizing renewable resources alongside strategic developments like Stericycle acquisition—a substantial move into healthcare waste management. Adopting sustainability and broadening acquisitions are pivotal to the company’s growth ambitions.
Source Fool.com
