Waste Management reports ‘really strong’ Q3 earnings: analyst

The Company Waste Management posts its revenue growth in Q3, Brian J. Butler, analyst of Stifel joins us and talks more about it.

“Pricing remains strong; you had positive volumes, which combined really put some upward momentum in margins which were up about 90 basis points year-over-year in the third quarter… and then they raised guidance, so that was incremental upside from there.” The company also said it expects full-year revenue growth to hit six per cent, above the high-end estimate of 5.75 per cent previously released by the firm.

“That’s the pending deal that they announced back in June… you get that deal completed and then you combine that with some of the spending they’ve had on sustainability and renewable natural gas, and I think that makes for a very strong 2025,” he said.Butler said he remains bullish on the entire waste disposal sector in North America, noting that the industry has “a lot of pricing power.”

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