Waste Management Announces Second Quarter Earnings

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Go back to Waste Management Announces Second Quarter Earnings

Waste Management (WM) Tops Q2 EPS by 8c, Revenues Beat

July 30, 2020 7:15 AM EDT

Waste Management (NYSE: WM) reported Q2 EPS of $0.88, $0.08 better than the analyst estimate of $0.80. Revenue for the quarter came in at $3.56 billion versus the consensus estimate of $3.52 billion.

Revenue

In the second quarter of 2020, revenue declined $331 million in the Companys collection and disposal business, driven by $386 million in volume declines partially offset by $55 million of yield growth.Core price for the second quarter of 2020 was 1.3% compared to 4.2% in the second quarter of 2019.(d)Collection and disposal yield was 1.6% in the second quarter of 2020 compared to 2.7% in the second quarter of... More