WM to Release Second-Quarter Report in Late July

Compiled by the Waste Age staff

Houston-based Waste Management will release its second-quarter 2011 earnings report on the morning of Thursday, July 28. The firm also will conduct a conference call with analysts to discuss the results at 10 a.m. EST that same day.

To listen to the call live by phone, dial (877) 710-6139 (in the United States and Canada) or (706) 643-7398 (if it’s a local or international call). Call five to 10 minutes before the start of the call and ask for the Waste Management conference call (the identification number is 73675301.

A live webcast of the call also will be available on Waste Management’s website. To listen to the webcast, click on the “Events and Presentations” link in the Investor Relations section of the site.

In the first quarter of this year, the firm posted a net income of $186 million on $3.1 billion in revenue. During the first three months of 2010, the firm posted a net income of $182 million on $2.94 billion in revenue.

“Our revenue continued the recent trend of year-over-year growth, increasing over 5 percent compared with the first quarter of 2010, primarily because of strong yield in our collection and disposal business, higher commodity prices, and improving recycling volumes,” said David Steiner, CEO of Waste Management, in a press release announcing the first quarter results.