Surpassing expectations with organic growth and cost reductions

  • WM’s profit in 3Q exceeded analysts’ estimates
  • Organic growth and lower operating costs contributed to the increase
  • Revenue rose 2.4%, but fell short of expectations
  • Volumes increased by 1% on a workday-adjusted basis
  • CEO Jim Fish attributes the growth to organic growth and cost reductions

Factuality Level: 8
Justification: The article provides specific financial figures and quotes from the company’s CEO, which adds credibility to the information. However, it does not provide any sources for the analysts’ estimates or the revenue expectations, which could be considered a minor flaw in terms of factuality.

Noise Level: 3
Justification: The article provides relevant information about WM’s higher profit in the third quarter, including the profit amount, per-share earnings, and revenue. It also mentions the factors that contributed to the increase in profit, such as organic growth and lower operating costs. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not provide actionable insights or explore the consequences of the company’s decisions on stakeholders. Overall, the article contains some relevant information but lacks depth and analysis.

Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the waste management industry and the companies operating in this sector.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: This news article pertains to the financial performance of WM (Waste Management) in the third quarter. It discusses the company’s higher profit, organic growth, and lower operating costs. There is no mention of any extreme event or its impact.

Public Companies: WM (N/A), Waste Management (N/A)
Private Companies:
Key People: Jim Fish (Chief Executive)

Waste Management (WM) reported a higher profit in the third quarter, surpassing analysts’ estimates. The company attributed the increase to organic growth in its collection and disposal business, as well as lower operating costs and reduced selling, general, and administrative expenses. Despite a 2.4% rise in revenue, WM fell short of expectations. However, volumes increased by 1% on a workday-adjusted basis. CEO Jim Fish highlighted the importance of organic growth and cost reductions in driving the company’s strong performance.