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WI

WM (Waste Management, Inc.)

Publicly Traded Corporation

Appears in 1 story

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AI and automation transform waste industry economics

New Capabilities

Industry leader executing multi-billion dollar automation strategy

For decades, recycling profitability rose and fell with commodity pricesβ€”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