Waste Management Announces Fourth Quarter and Full-Year 2020 Earnings
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Waste Management (WM) Misses Q4 EPS by 6c, Revenues Beat
February 18, 2021 7:16 AM ESTWaste Management (NYSE: WM) reported Q4 EPS of $1.03, $0.06 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $4.07 billion versus the consensus estimate of $3.97 billion.
KEY HIGHLIGHTS FOR THE FOURTH QUARTER AND THE FULL YEAR 2020
Revenue
In the fourth quarter of 2020, revenue increased $185 million in the Companys collection and disposal business compared to the fourth quarter of 2019, primarily driven by $202 million in acquisition revenue and $79 million of growth from yield partially offset by $93 million in volume declines. For the full year, revenue decreased $141 million in the Companys collection and... More