Waste Management ( (WM) ) has realeased its Q3 earnings. Here is a breakdown of the information Waste Management presented to its investors.
Waste Management, Inc., headquartered in Houston, Texas, is a leading provider of comprehensive waste management and environmental services in North America, offering solutions from waste collection to disposal and renewable energy production. In its latest earnings report, Waste Management, Inc. showcased strong financial performance for the quarter ended September 30, 2024, with a notable increase in operating revenues and net income compared to the previous year. Key financial highlights include a 7.9% rise in operating revenues to $5.6 billion and a 14.7% increase in net income attributable to the company, reaching $760 million for the quarter. The company also reported an improvement in earnings per share, with basic and diluted earnings per share rising to $1.89 and $1.88 respectively. Despite a challenging economic environment, Waste Management has successfully managed its costs and continued its strategic investments in landfill gas-to-energy facilities, highlighting its commitment to growth in renewable energy. Looking ahead, Waste Management remains focused on sustaining its growth trajectory by enhancing operational efficiencies and continuing its investments in renewable energy and environmental solutions across its operating regions.
