Waste Management Logs Higher 4Q Profit as Revenue Rises
By Kelly Cloonan
Waste Management had a higher profit in the latest quarter as revenue rose, helped by growth in its legacy business.
The Houston-based garbage-and-recycling company on Wednesday posted a fourth-quarter profit of $742 million, or $1.83 a share, up from $598 million, or $1.48 a share, a year earlier.
Adjusted earnings per share were $1.93, missing estimates of $1.95 a share according to analysts polled by FactSet.
Revenue rose 7.1% to $6.31 billion, behind analyst estimates of $6.39 billion.
Sales in the company's legacy business rose 3.8%.
Chief Executive Jim Fish said investments in technology and automation are boosting efficiency. The company is also building momentum in its recycling, renewable energy, and healthcare solutions businesses, he said.
For the full year, Waste Management forecast revenue of $26.43 billion to $26.63 billion. Analysts were looking for $26.59 billion.
The forecast factors in expectations for continued strength in Waste Management's solid waste business, ongoing optimization in its healthcare solutions unit and increased contributions from sustainability growth investments, the company said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
January 28, 2026 17:43 ET (22:43 GMT)
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