Waste Management stock pops on Q4 earnings beat
Waste Management, Inc. (WM) shares rise after the industrial operator tops fourth-quarter earnings estimates. Yahoo Finance Live breaks down WM's earnings results in relation to its business segments.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JOSH LIPTON: Climbing in today's trade, let's get to reports. Q4 adjusted EPS beat estimates. More importantly, full year adjusted operating EBITDA guidance, that beat consensus at the midpoint. So $6.28 to $6.43 billion. That's what they gave the Street. The Street was at $6.32 billion. Looking ahead here, the company saying in 2024, Julie, they're talking about the anticipated financial performance being driven by disciplined pricing, operational efficiencies, and prudent cost management.
JULIE HYMAN: So apparently it's the collection and disposal business that is doing well here. And you think, well, isn't that what they do? Well, they do a big recycling business. They do other types of businesses. So it's sort of the bread and butter, it sounds like, that's doing well here. And the company is also going to be investing however in its recycling and renewable energy business because they generate energy from some of their trash as well.
JOSH LIPTON: All things trash.
JULIE HYMAN: It's cool.
JOSH LIPTON: Tremendous insight.
JULIE HYMAN: I like it. Very Oscar the ground statement.
JOSH LIPTON: It is--
[CHUCKLES]
That should have been-- yeah, that's a good production. And you get that on a full screen, you got something.
