$WM announced solid 2Q 2023 results, reflecting our continued focus on disciplined pricing and cost optimization across our business.
https://t.co/eq3dwMMswW
Tune in to $WM's virtual Sustainability Investor Day at 10 a.m. EDT to learn more about the next phase of WM's growth, which is strongly linked with our renewable energy and recycling investments.
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The @WMPhoenixOpen has been a #zerowaste event since 2013, and there's a lot behind the phrase, "Greenest Show On Grass." But what makes this the #greenestshow? Check out our #WMPO Sustainability Report: https://t.co/co7xvMTlBE
$WM CFO Devina Rankin: Our team delivered strong results in the third quarter, driven by organic revenue growth, diligent cost management, and proactive steps to automate the business.
$WM COO John Morris: Exceptional organic revenue growth continued to be a key contributor to our strong results in the third quarter, led by collection and disposal yield of 7.1%.
$WM CEO Jim Fish: We’re pleased to see early benefits from our investments to reduce our cost to serve while also differentiating WM by enhancing the customer experience.
$WM CFO Devina Rankin: In addition to increased acquisition expectations for the year, we now expect to allocate our full $1.5 billion authorization to share repurchases.
$WM COO John Morris: We’re excited about growth opportunities in our recycling and renewable energy businesses, and both businesses continue to deliver strong results.
$WM CEO Jim Fish: In 2Q, we continued to see strong volumes, an encouraging sign for economic activity across the areas we serve. Currently, our key business indicators point to continued positive economic activity.
$WM CEO Jim Fish: The strength and resiliency of our business was clearly on display in 2Q as we built on our 1Q momentum to deliver results that exceeded our expectations.
$WM CFO Devin Rankin: Our teams are executing on the recycling and renewable natural gas growth projects we discussed last quarter, and we are confident in the strong returns these projects will provide.
$WM COO John Morris: We remain confident that our pricing strategies appropriately respond to rising costs and prioritize our focus on maximizing customer lifetime value.
$WM CEO Jim Fish: Several of the key leading performance indicators within our business, such as special waste volumes, construction & demolition volumes, and new business formation, point to continued strong economic activity and business performance for the balance of the year.