Waste Management, Inc. continues to surpass industry average with its return on equity (ROE). The company plans to reduce around 5,000 jobs by 2026 through attrition, leaning more on technological advancements. While laying off employees, WM also announced a cash dividend to shareholders, which is even bigger than the previous year's. A remarkable move by WM is its zero-waste approach to the Phoenix Open in sports, which is receiving appreciative responses. The company reported strong Q4 and 2024 earnings following a 10% growth in its legacy business. However, due to adverse winter conditions, WM had to delay pickup services in central Arkansas. In analysis, Waste Management's stock surged over 5% probably due to this revenue stream. Waste management also disclosed strategic advances with record EBITDA margins in their Q4 2024 Earnings report. One pertinent highlight is WM's projected savings of around $450M through automation and job cuts. Other ongoing transitions include Toppoint Holdings expanding their partnership with WM and adjustments to recycling and waste collection programs. The company's activities have positioned them among the best environmental stocks to invest in.
Waste Management WM News Analytics from Mon, 15 Jul 2024 07:00:00 GMT to Fri, 21 Feb 2025 11:34:51 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
