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Waste Management Cleans Up Following Earnings Beat

Tony Owusu

The waste disposal company reported first-quarter net income of $347 million, or 94 cents per share, on revenue of $3.7 billion. "The strong results we generated in the first quarter demonstrate that delivering an outstanding customer experience and focusing on continuous improvement produce solid growth in our business," said Jim Fish, president and CEO of Waste Management. The company said that revenue growth was driven by strong yield and volume growth in the company's collection and disposal business, which contributed $190 million of incremental revenue.