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HOUSTON - WM, known as Waste Management and a leading North American environmental solutions provider, announced the appointment of John J. Morris, Jr. as President, while continuing his role as Chief Operating Officer. This strategic move aligns with the company’s People First strategy and leadership development goals. With a market capitalization of $89.4 billion, WM stands as a prominent player in the Commercial Services & Supplies industry, according to InvestingPro data.
Morris, with over three decades of experience in the industry, will oversee all field operations. Additionally, Chief Officers in charge of Sustainability, Customer Experience, and Enterprise Strategy will report to him, enhancing the company’s focus on leadership and operational efficiency. The company has demonstrated strong financial performance, with revenues reaching $22.9 billion in the last twelve months and maintaining a healthy gross profit margin of 39.4%.
Jim Fish, CEO of WM, expressed confidence in Morris’s leadership abilities, citing his impressive track record and deep industry knowledge. Fish anticipates that Morris’s elevation to President will further the company’s success and shareholder value.
Morris expressed his gratitude for the opportunity and the trust placed in him by the CEO and the Board of Directors. He pledged to lead WM’s 62,000 associates in advancing the company’s strategy and maintaining its position as a leader in environmental services.
Before his role as COO, Morris served in various capacities within WM, including Market Area General Manager for New York City and Senior Vice President of Field Operations. He is a Rutgers University alumnus.
WM, headquartered in Houston, Texas, offers a range of environmental services, including waste collection, recycling, and disposal across the U.S. and Canada. With the largest disposal network and collection fleet in North America, WM is also a prominent recycler of post-consumer materials and a key player in the conversion of landfill gas to renewable energy. The company’s financial stability is reflected in its 21-year streak of dividend increases and 28 consecutive years of dividend payments. InvestingPro analysis reveals 13 additional key insights about WM’s performance and prospects, available to subscribers.
The company’s commitment to sustainability is evident in its extensive infrastructure for recycling, organics, and renewable energy. WM’s initiatives include a significant presence in renewable natural gas plants and the operation of the most landfill gas-to-electricity plants in North America. WM Healthcare Solutions, a subsidiary, provides regulated medical waste collection and disposal, as well as secure information destruction services.
This announcement is based on a press release statement from WM. For comprehensive analysis and detailed insights into WM’s financial health, valuation metrics, and growth prospects, investors can access the full Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks with expert analysis and actionable intelligence.
In other recent news, Waste Management Inc. reported its financial results for the first quarter of 2025, revealing a miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $1.58, which fell short of the anticipated $1.69, and revenue reached $6.02 billion, below the forecasted $6.15 billion. Despite these results, the company demonstrated robust operational performance with a significant year-over-year increase in operating EBITDA by 12%. Waste Management is advancing its sustainability initiatives with new recycling and renewable natural gas (RNG) facilities, which contributed to an operating cash flow of $1.21 billion and free cash flow of $475 million.
In other developments, Raymond James adjusted its price target for Waste Management shares from $258.00 to $255.00, while maintaining an Outperform rating. The firm highlighted the company’s focus on sustainable projects and the potential benefits from its recent acquisition of Stericycle. Waste Management’s strategic investments in sustainability and its capital deployment strategy are expected to enhance its financial performance over time. The company is also targeting core price increases and volume growth, with plans for $500 million in acquisitions in 2025. These recent developments reflect Waste Management’s ongoing efforts to optimize its operations and expand its market presence.
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