Waste Management Announces First Quarter Earnings

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Go back to Waste Management Announces First Quarter Earnings

Waste Management (WM) Tops Q1 EPS by 5c, Revenues Beat

April 27, 2021 7:23 AM EDT

Waste Management (NYSE: WM) reported Q1 EPS of $1.06, $0.05 better than the analyst estimate of $1.01. Revenue for the quarter came in at $4.11 billion versus the consensus estimate of $4.02 billion.

We had an exceptionally strong start to the year with first quarter adjusted operating EBITDA growth of more than 14% and adjusted operating EBITDA margin expansion of 100 basis points, said Jim Fish, Waste Managements President and Chief Executive Officer. (a) We achieved these results by generating strong yield, flexing down our cost structure, and executing on the integration of Advanced Disposal. With this solid performance and... More