What drove WM's earnings beat in Q3 2024?

Waste Management's (WM) earnings beat in Q3 2024 can be attributed to **Increased Revenue from Recycling and Renewable Energy Projects** and **Effective Cost Management**. 1. **Investment in Recycling and Renewable Energy Facilities**: WM has been investing significantly in sustainability growth, including investments in recycling and renewable energy facilities. These investments are expected to enhance WM's capacity to meet rising demands for recycling and renewable energy. The grand opening of four new recycling and renewable natural gas (RNG) projects across the U.S. is a testament to WM's commitment to expanding its sustainability offerings. 2. **Market Demand for Recycling and Renewable Energy Services**: The market is growing due to increasing industrial activities and stringent government regulations for waste management. The demand for recycling and renewable energy services is rising, which aligns with WM's strategic investments. 3. **Strategic Positioning and Market Leadership**: WM's position as North America's leading environmental solutions provider and largest recycler gives it a competitive advantage in capturing market demand. Its largest landfill network and significant investment in infrastructure enable it to meet customer needs effectively. In summary, WM's earnings beat in Q3 2024 can be attributed to its strategic investments in recycling and renewable energy facilities, which align with the growing market demand for these services, and effective cost management.