Publicly Traded Corporation
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Second-largest waste company, investing in automation and contamination detection
For decades, recycling profitability rose and fell with commodity prices—a business model that collapsed when China banned waste imports in 2018 and recycled material prices cratered. WM invested $3 billion in automation, cutting labor costs 30% while doubling margins compared to legacy plants, hitting 30% operating EBITDA margin in Q4 2024 for the first time in its history.
Updated May 22
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