Waste Management Announces Second Quarter Earnings
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Waste Management (WM) Tops Q2 EPS by 3c; Affirms FY19 EPS Mid-Point Guidance Above Consensus
July 25, 2019 7:14 AM EDTWaste Management (NYSE: WM) reported Q2 EPS of $1.11, $0.03 better than the analyst estimate of $1.08. Revenue for the quarter came in at $3.95 billion versus the consensus estimate of $3.94 billion.
Our employees continued to produce outstanding results in the second quarter, underpinned by organic revenue growth in the collection and disposal business of more than 7%, said Jim Fish, President and Chief Executive Officer of Waste Management. We leveraged growth in our collection and disposal business to expand operating EBITDA margins by 60 basis points.
KEY HIGHLIGHTS FOR THE SECOND QUARTER OF 2019
Profitability
Total Company operating... More