Waste Management lowers 2026 revenue forecast amid pullback from residential business

Waste Management

28/07/2026 22:18

July 28 (Reuters) - Waste Management WM.N forecast 2026 revenue below Wall Street estimates after also missing second-quarter sales estimates, as waste collection volumes in its residential business declined.
The company has been actively shedding lower-margin residential business to focus on industrial and commercial clients.
Here are some details:
WM and Republic Services RSG.N are two leading companies in garbage collection across significant regions of the U.S., operating alongside municipal waste departments.
In the second quarter, WM's residential collection volumes fell 2.9% compared with a year ago.
Overall collection and disposal volumes fell 1.8%, largely due to wildfire cleanup activities that benefited the year-ago period. 
Shares of the Houston, Texas-based company fell nearly 3%after the bell.
It lowered its 2026 revenue forecast to a range of $26.275 billion to $26.475 billion, from its previous forecast of  $26.425 billion to $26.625 billion.
Analysts on average expected $26.53 billion, according to data compiled by LSEG.
Its total revenue for the quarter ended June 30 came in at $6.68 billion, compared with analysts' average estimates of $6.7 billion. 
    

 (Reporting by Anshuman Tripathy and Aishwarya Jain in Bengaluru; Editing by Sahal Muhammed)
 ((Anshuman.Tripathy@thomsonreuters.com;))