WM (NYSE: WM) hosted its investor day at the New York Stock Exchange, providing an in-depth review of the company's long-term vision, growth strategies, and operational and financial objectives. CEO Jim Fish highlighted the company's focus on fostering a people-first culture and leveraging its expertise and asset network to set itself apart with customers.
In terms of financial performance, WM reported a 5% increase in revenue compared to the previous period, reaching $4.5 billion. Operating income also saw a significant rise, climbing 8% to $1.2 billion. The company's net income stood at $789 million, marking a 7% increase.
Additionally, WM showcased its commitment to sustainable practices, with a 10% growth in its recycling and renewable energy capabilities. The company emphasized its position as the largest recycler in North America and its leadership in beneficial use of landfill gas.
Moreover, WM's healthcare solutions segment reported a 12% increase in collection and disposal services of regulated medical waste and secure information destruction services in the U.S., Canada, and Western Europe.
The live webcast of the investor day, which included presentations and question and answer sessions, was accessible to stakeholders and is available for replay on WM's investor day website. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $234.00. For the full picture, make sure to review WASTE MAN's 8-K report.
