Waste Management's (WM) performance can be compared to its industry peers by analyzing its financial indicators and assessing its position in the market. In the most recent turnover report, WM's turnover on 12/7/2023 was $236.88 million, ranking 294th, with a volume of 1.37 million shares. The stock closed at $172.84, showing a slight decrease of 0.64% on that day. However, over the past five trading days, the stock has experienced an increase of 1.08%, and it is up by 10.17% year-to-date. These figures indicate a positive trend in WM's performance.
To further evaluate its performance, we can consider its financial report and management's remarks. The company has been focusing on reducing its SG&A cost structure through investments in a customer experience model and automation. This has resulted in a 30-basis-point improvement in SG&A costs as a percentage of revenue, which is a significant achievement. The management's confidence in continuing to drive improved customer satisfaction and lifetime value is evident from their investments in this model.
In terms of organic growth, WM has seen success in its collection and disposal business, as well as in its focus on SG&A optimization. This has led to a 50-basis-point expansion in operating EBITDA margin in the quarter. The company's commitment to managing discretionary spending and investing in automation to reduce its cost of service has positively impacted its financial performance.
WM's cash flow from operations has been strong, with year-to-date figures of $2.1 billion. However, higher cash interest, taxes, and incentive compensation payments have offset some of the benefits of operating EBITDA growth in the first half of the year. The company expects to see these impacts lessen in the second half of 2023.
In terms of sustainability growth projects, WM has made progress and has repurchased shares and returned dividends to shareholders, demonstrating its commitment to shareholder value.
Overall, WM's performance appears to be strong, with
12/8/2023 12:59am
