Waste Management Cuts Fiscal Year Revenue Outlook
By Anvee Bhutani
Waste Management trimmed its full-year revenue forecast as lower volume expectations offset stronger pricing and higher energy surcharges.
The Houston-based garbage-and-recycling company on Tuesday posted net income of $785 million, or $1.95 a share, compared with $726 million, or $1.80 a share, a year earlier.
Adjusted earnings were $2.02 a share, topping analysts' expectations of $1.98 a share, according to FactSet.
Revenue rose 4%, to $6.68 billion, compared with analyst estimates of $6.71 billion. The company said revenue growth was driven by 5.7% core pricing, higher recycling and renewable-energy volumes, and increased energy surcharges, though collection and disposal volume declined 1.8% from a year earlier.
Waste Management narrowed its full-year revenue outlook to $26.3 billion to $26.5 billion, about 0.6% lower than its prior forecast, citing weaker volume expectations. The new range is roughly in line with analysts' consensus estimate of $26.5 billion.
Write to Anvee Bhutani at anvee.bhutani@wsj.com
(END) Dow Jones Newswires
July 28, 2026 17:06 ET (21:06 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States