More on Waste Management Q1: Net profit jumps 36%

|About: Waste Management, Inc. (WM)|By:, SA News Editor

Waste Management's (WM) net profit rose to $228M from $168M

Increases guidance for free net cash flow, saying it expects $1.4-1.5B vs prior guidance of above $1.3B.

However, Waste Management says that regarding other elements of its guidance, "it's difficult to predict underlying business trends in the first quarter due to winter seasonality." Still, "early April volumes indicate a normal seasonal upturn." Waste Management expects to "refine" its guidance after Q2.

Shares are -1.6%. (PR)

Previous

Subscribe for full text news in your inbox