Waste Management Inc (NYSE:WM) reported mixed results for the first quarter after the closing bell on Tuesday.
The company posted quarterly earnings of $1.81 per share which beat the analyst consensus estimate of $1.74 per share. The company reported quarterly sales of $6.227 billion which missed the analyst consensus estimate of $6.286 billion.
“Strong earnings and cash flow results in the quarter achieved our expectations, reflecting the strength of the WM team and the resilience of our business model,” said Jim Fish, WM’s CEO. “Disciplined pricing, cost optimization and contributions from sustainability growth projects led to first quarter adjusted operating EBITDA growth of 5.9% and margin expansion of 70 basis points …