SEATTLE (Recycling Monster): Leading North American waste management company WM announced remarkably strong finish to 2023. The company reported stable collection and disposal volumes and improved operating costs, aided by automation. The full year EBITDA exceeded the company’s latest guidance range by about $25 million, said Jim Fish, CEO, WM.

The Q4 collection and disposal volume recorded significant growth by 1.9%.Meantime, residential collection volumes witnessed decline. The company expects the collection and disposal volume to grow by 1% during the current year.

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WM was awarded two new recycling projects in Ontario, Canada. WM foresees opportunities to win more business and expand its collaboration with producer responsibility organizations in Canada and the U.S.

During the current year, WM plans to invest around $100-$200 million in solid waste acquisitions. It must be noted that the company had spent $173 million in solid waste and recycling acquisitions during the previous year. The capital expenditures for the full year is projected at around $2.2-$2.3 billion. It expects to commission five new renewable natural gas (RNG) facilities by end-2024.

Also, WM anticipates a revenue growth of between 6% and 7% and an EBITDA growth by $450 million in 2024.