WM 1Q Profit, Revenue Rise, Helped by Higher Prices
By Kelly Cloonan
WM logged higher profit and revenue in its latest quarter, driven in part by higher prices.
The Houston-based garbage-and-recycling company posted a first-quarter profit of $723 million, or $1.79 a share, compared with $637 million, $1.58 per share, a year earlier.
Adjusted earnings per share were $1.81, compared with estimates of $1.74 a share according to analysts polled by FactSet.
Revenue rose 3.5%, to $6.23 billion, compared with analyst estimates of $6.28 billion.
The growth was helped by higher prices, the company said. Increased volumes in the company's recycling and renewable energy businesses also provided a boost.
Chief Executive Jim Fish said the company's margins expanded in the quarter due to disciplined pricing, cost optimization and contributions from growth projects despite weather-related challenges. Harsh winter weather contributed to a decline in collection and disposal volume in the quarter, the company said.
For the full year, the company continues to forecast revenue of $26.43 billion to $26.63 billion.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 28, 2026 17:07 ET (21:07 GMT)
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