As a diversified company, it operates in four main market sectors:ģM's diverse product portfolio enables the company to generate steady cash flow regardless of market conditions. 3MģM ( NYSE:MMM ) manufactures thousands of products that consumers and businesses use every day. FedEx aims to become carbon-neutral by 2040 while generating compelling investment returns for its shareholders. The shipping company is testing autonomous vehicles and delivery services, and it is also making sustainability-related investments. The company pays a competitive and growing dividend, can repay debt to strengthen its balance sheet, and can choose to expand its operations.įedEx’s strong cash flow also enables the company to invest in innovation.
In 2020, e-commerce was the primary driver of additional demand for FedEx’s services and is only increasing in popularity.įedEx is well positioned to continue producing lots of free cash flow. It also offers businesses a host of other logistics and e-commerce services that help to distribute their products to customers.įedEx accelerated its push into e-commerce and managed to thrive during the pandemic. The company operates a fleet of aircraft and vehicles, logistics facilities, and retail stores that help facilitate the shipment of millions of packages daily. FedExįedEx ( NYSE:FDX ) provides customers with transportation, e-commerce, and business services. The company also returns money to shareholders via dividends and repurchases its own shares, while maintaining an investment-grade balance sheet. In 2020, WM paid $4.6 billion for the waste disposal, collection, and recycling services company Advanced Disposal. Moves like these have allowed Waste Management to consistently generate free cash flow, giving it the funds to make acquisitions. For example, WM invested money to automate its fleet of collection trucks and convert them to run on cleaner, cheaper natural gas. The company was able to blunt some of the economic impact through a continuous focus on reducing costs and becoming more profitable. Waste Management’s revenue and earnings declined slightly as the COVID-19 outbreak hurt the economy, but its revenue and earnings rebounded in 2021 as the crisis subsided. Waste Management provides its services to residential, commercial, industrial, and municipal customers, making the company's business more recession-resistant than other industrial companies. The company is also a leading developer and operator of landfill gas-to-energy facilities. Waste Management ( NYSE:WM ) is one of the leading waste management companies in North America, providing collection, transfer, and disposal services, as well as recycling and resource recovery.