Publicly Traded Corporation
Appears in 1 story
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's response: pour $3 billion into automated facilities that cut labor costs 30% and double EBITDA margins compared to legacy plants. In Q4 2024, the company hit a 30% operating EBITDA margin for the first time in its history.
Updated Jan 23
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