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The 1Q Results Are In

Published Monday, June 01, 2009

Houston-based Waste Management reported a net income of $155 million on revenues of $2.8 billion in the first quarter of this year. Both figures represent a decline from first-quarter 2008, when the firm posted a net income of $241 million on revenues of $3.3 billion. Waste Management says that only 4.7 percent of the decline in revenue “comes from operational impacts to the solid waste collection and disposal business. The balance of the decline is due to commodity impacts related to recycling materials, fuel and energy, and non-operational items including foreign currency translation and one fewer work day ...

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