The waste services market is buoyed by the rising consumer costs for trash collection, which rose 6.9% for the year. For the third quarter, core prices climbed 6.6%, while garbage collection and disposal volumes increased 0.3%.
Amid this, Waste Management, Inc. (WM), a pioneer in environmental solutions regarding waste management, reported strong third-quarter results. The company’s revenue improved 2.4% year-over-year to $5.20 billion. Its adjusted EPS came in at $1.63, up 4.5% from the prior-year quarter, topping the analyst estimate of $1.61.
