Waste Management Makes Money From Hauling Garbage. But It Expects More Than Half of Its Profit Growth to Come From Something You Wouldn't Expect.
With Waste Management (NYSE: WM) operating the largest network of landfills in the U.S. and Canada, chances are that most everyone reading this has seen one of its trucks driving by at some point.
The company generates the bulk of its revenue from hauling garbage. Through the first three quarters of 2023, collecting trash from commercial, industrial, and residential sources has accounted for 68% of revenue.
In some instances, there isn't a landfill nearby, so Waste Management takes trash to a transfer station, where it can be processed for more efficient transport to a landfill. The company owned or operated 337 transfer stations at the end of 2022, a number that will be updated when it reports results for the fourth quarter of 2023.
Source Fool.com