DAILY NEWS Aug 12, 2014 2:25 PM - 0 comments

WM posts slight dip in net income for Q2

TEXT SIZE bigger text smaller text
By: SWR Staff

Waste Management Inc.’s second quarter report for 2014 shows a slight dip in net income for the Houston-based industry leader.

Net income for Q2 2014 declined 13.9 per cent to $210 million, or 45 cents per diluted share, compared with $244 million from the second quarter of 2013.

The dip in net income is attributed to WM’s divestment of its operations in Puerto Rico, the company says.

“Our strong yield and cost controls delivered growth in income from operations, operating EBITDA, and adjusted earnings per share when compared to second quarter 2013 results,” says David Steiner, president and CEO of Waste Management. 

Revenue for the second period, however, jumped 0.8 per cent to $3.56 billion from $3.53 billion, the company says.

For WM’s complete Q2 breakdown, please click here.

Monitor These Topics

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Solid Waste & Recycling has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields