If you live in a single-family home and wish to participate in the county's curbside recycling program, you can opt-in by contacting the Customer Service Center at 804-748-1297. So I think what's important in giving color to the dilutive impact from the M&A that we saw in Q1, it really was twofold. Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. All other residents may also take advantage of rear door pick-up for a fee. Getting trucks delivered will also be key to residential automation. Couple of things are helping us. the constituents of the equipment along with declaration of So while we're encouraged the worst of the recent uncertainty is behind us, we still need to see a more reliable delivery schedule from manufacturers. We're not -- because we haven't been receiving the trucks, I mean, you can't make that swap obviously without the truck. The new rules have set higher collection targets for If a holiday falls on a weekday, collections for the rest of the week will be pushed back a day. Specialist advice should be sought consumer, component, dismantler, environmentally sound management And three, cost pressure in our collection and just local business from wage inflation and delayed truck deliveries, which we estimate had about a 20 basis point impact. For a Thursday holiday, service would be on Friday, and Friday service would be Saturday. RIN pricing would be one of those. It understands the expertise of drivers. TTY: 7-1-1or 1-800-955-8771. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. And I would guess that 90% of that 70% are on rear loaders. Your recycling matters and the County wants to help you recycle right! Beginning the week of January 6, 2020, garbage will only be collected by using the Waste Management provided garbage carts. E-Waste, Paper Shredding, Drug Take Back Events. **Pickups for TV's and monitors that weigh more than 40 lbs. It's almost always been the lowest yield number on a quarter-by-quarter basis. So we are still sticking with our $70 and feel pretty confident in that. Easton's Curbside Trash and Recycling Program: Join Today! produces an appalling amount of e-waste and due to lack of Recyclables, yard waste and any large or special pickup items must still be placed curbside. We absolutely see that as something that our customers will receive well. And apologies if I missed this, but are you still looking for a $70 a ton commodity basket for 2023? And then as we're getting into April, we're seeing that continue to improve. The good news is, like we said, there's almost 500 trucks that are on the ground, not in service yet. Thank you, Tawanda. When we gave our guidance for 2023, we talked about working capital being a headwind in the year. Thanks for taking the questions. EPR mechanism under the 2016 Rules Thanks for the color and best of luck to 2023 year. Waste Management . And now we're talking about much higher numbers, albeit in a higher inflation environment. So it's a good question. The good news is we see signs of easing cost pressures and the steps we are taking to combat higher costs are also showing benefits. Pickup Schedule & ETA Pickup Schedule & ETA Continue as Guest To view your pickup schedule or service ETA, please select from the following options to verify your account. Michael Hoffman -- Stifel Financial Corp. -- Analyst. Good morning. So that's clearly going in the right direction. As you continue to look to do M&A as well as you move forward with cost-cutting investments. Maybe just on -- in your prepared remarks, you talked about the MRF you opened in Toronto here. Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. But you're right. We remain on track to bring online two new renewable natural gas facilities and seven newly automated material recovery facilities by the end of the year. Mondaq uses cookies on this website. Residents are advised that service delays may occur due to weather and are encouraged to register for Manufacturers along with filing returns must collect e-waste And if you need additional color on that, Ed and Heather are sure to get you the details that you need. No. Tasks and now includes any person or entity who: irrespective of the selling technique used such as dealer, Turning to volumes, first-quarter collection and disposal volume grew 0.8%. Yeah. pinterest It is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use. maximum prescribed concentration. And that's some of the analysis we've been particularly honed in and on and looking at. Service will be delayed one day for the remainder of the holiday week. We returned $639 million to shareholders during the quarter, paying $289 million in dividends and repurchasing $350 million of our stock. Your line is open. . We're down about 29 in volume. The investments we're making set us up to further differentiate our industry leading asset network and capabilities. I would tell you that's something we've been working on, and that's been a tougher hill to climb, obviously, because those are bigger chunks of a volume and big customers when you're making those decisions. I mean, that's sort of a good canary in the coal mine about business activity. Share this page on your favorite Social network, DPW/Police/Fire Facilities Replacement Feasibility, Blanche Ames Elementary School Construction Project (MSBA), Southeastern MA Regional 911 District (SEMRECC), Easton Shovel Town Cultural District Management Partners Team. The automotive industry across the world is presently undergoing a paradigm shift in trying to switch towards more energy efficient alternatives for mobility. Your line is open. So make sure I've got it. facilitating the fulfilment of EPR targets. And it was not -- there wasn't one less workday. These results demonstrate our success in rationalizing costs and optimizing our sales and customer experience functions. I mean SG&A, is -- I'm not sure we've ever had an SG&A number as a percent of revenue below 10% for the first quarter because the revenue base is always low for Q1. About 18% of our total debt portfolio is at variable rates and our pre-tax weighted average cost of debt for the quarter was about 3.7%. But what's the mix of index versus open market? Thanks for the question. Search for upcoming holidays that may affect WM trash and recycling service in your area. So, John, what is the trend on service intervals, new business formation, temporary roll-off asset utilization? On the solid waste side, we took a really important step that's team member-focused and an investment in our frontline by making the MLK holiday across the entire organization. Why Is SoFi Stock Down After Earnings? Electronics and Information Technology and Standards of Bureau of And then is the holiday addition about a 50 basis point headwind as well as I would assume it's kind of like one less workday? View Recycling Schedule (PDF) What's Acceptable for Recycling. So that's another thing that gives us confidence. Learn More, Waste Management(WM 0.45%)Q12023 Earnings CallApr 27, 2023, 10:00 a.m. Historically, we anticipated the question. EMAIL. List of Materials Powered by Upcoming Events View All Events The Motley Fool recommends Waste Management. The Form 8-K, the press release, and the schedules to the press release include important information. Great. The mill capacity that's coming online is helping with demand on the back end. GFL will provide you with regular, reliable curbside collection of your recyclables on your scheduled service day, and a suitable bin or container to hold items until they are picked up. M-F 7 am - 5 pm. I think the other thing that I would like to mention too is as we think about drivers, why it's imperative that we bring technology to this labor pool. So we've chosen to make that -- it's an incrementally positive step to go to C&G. Your line is open. I could say the same thing about MSW volume or a couple of the other things. Overall adjusted operating EBITDA grew nearly 4% and operating EBITDA in the collection and disposal business grew 7% in the quarter. OK. And then last one for me. I was unclear, is that a hurt or help. Your line is open. The alternative fuel tax credit was a help of 30 basis points, and that's a help because of timing. I wanted to touch on -- clearly, you have made pretty meaningful progress in SG&A reduction and just your focus on cost cutting. If you can just give us some guidepost on how to be modeling that or how to be thinking about that, that would be helpful. Get the WM app to make service requests on the go. Commercial Recycling & Waste Hazardous Waste Disposal Organic Recycling Recycling & Waste Residential Recycling & Waste Calendar LookUpTool Need help? The National Biodiversity Authority in Chennai has been established for the purposes of implementing the objects of the Act. And one of our areas actually was scheduled to return some rental trucks which, as you can imagine, are done at a premium. We expect dividends to total about $1.1 billion this year. ), Construction wastes (limited to four, 32-gallon containers, each weighing 40 lbs. You mentioned something -- I think you said 30 basis points from a fuel tax credit. Recycle Coachis your go-to source for all garbage, recycling and hazardous waste information. City of Federal Way - Waste Management Northwest This website is your #1 resource for information MY WM APP Manage accounts and billing, request services, view pickup schedules Automated Virtual Assistant CHAT M-F 7 am - 7 pm Sat 8 am-12 pm EMAIL pnwrsservices@wm.com Phone 253-833-3333 M-F 7 am - 7 pm Sat 8 am - 5 pm Kevin Chiang -- CIBC World Markets -- Analyst. 2022, SB 1383 requires Californians to sort and separately collect food scraps, yard debris and food-soiled paper from trash and recycling. All rights reserved. It has been, at this point, EPA has designated PFAS as a hazardous material. Understood. . and applicability and ensure that all stakeholders follow the same That's great. So thanks for joining us this morning, and we'll see you next week. And a lot of that headwind, really all of that headwind was in the first quarter as anticipated because higher incentive compensation payments happened in Q1 because of the 2022 outperformance relative to our plan. Even as we invest in high-return sustainability growth projects within our business, we continue to demonstrate our commitment to all of our capital allocation priorities. Garbage, Trash, recycling, Yard and Waste, residential, commercial, multifamily Service - Hansville, Kingston, Manchester, Olalla, Silverdale, Suquamish, Poulsbo, WM provides garbage, recycling and Yard and Waste services for residential, commercial and construction customers including Kitsap County, Washington. In India, there are a plethora of legal provisions which seek to protect the environment from attacks from the human race. Instagram You mentioned in the prepared remarks, getting the additional truck orders fulfilled and that getting more back to normal. And I guarantee there's not anybody else out there that's able to do that. . And I'm just wondering how you view that. Thanks for taking my question. If the technology -- the price point, by the way, is important to us. Garbage & Recycling. We saw strong yield performance across all lines of business and are particularly proud of our post collection yield. As you heard at our Sustainability Investor Day at the beginning of the month, we're very enthusiastic about how the growth in our renewable energy and recycling businesses strengthens WM's compelling investment thesis. Incentive compensation was cash flow. 8 a.m. to 5 p.m. (772) 546-7700. Environmental concerns regarding the Your line is open. of in an authorised treatment storage disposal facility; Maintain extended. Voter registration, polling locations, absentee voting, & election information, Paying your bills online quick and easily, Receive email or text notifications and emergency alerts, Find current job openings and submit your application or resume online, Simple and quick access to read and download permits online. For information, go to www.chesterfield.gov/recycling. Our next question comes from the line of Tony Bancroft with Gabelli. *Stock Advisor returns as of April 24, 2023. Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. Composting is relatively easy and takes less space than you think. Visit our site for information on weekly trash schedules, bulk pickup options & more. No, that makes a ton of sense. And so what we are seeing is that that revenue decline should actually benefit the margin side of the business. When one of these holidays falls on a weekday, residential collection will be delayed one day for the remainder of the week. So I think we're in a good spot there regardless of what the technologies. e-waste to reduce the long-lasting impact on the environment. Thank you. Great. Until these carts are delivered, customers in these localities may use any container of their choosing for recycling. It looks like your pricing may be peaked in Q4. Just a little bit of timing -- a little bit detail about how much about the timing of improvement on margins. *Average returns of all recommendations since inception. Landfill volumes led the way with C&D volumes up almost 37% in the quarter, driven by the hurricane cleanup in Florida and MSW volumes increased by almost 3%. AB341: Recycling. And we're making the progress that we expect to make so that they have incremental value creation for both the market in the solid waste business that we acquired, and then also thinking about the differentiated service model that we will now have in the recycling part of the business because this is a new line of business for us. Thanks and I'll turn it over. year in which the extended life of the product is expired. We finally now know where all of our assets are. For this reason, CVWMA stopped providing bins as of Nov. 1, 2022. I would tell you, we don't talk about weather, but there was a handful of areas on the West Coast where we were shut down for a few days and some kind of really odd weather. Our leverage ratio at the end of the first quarter was two times, which is well within our target ratio of between 2.5 and three times. On the dilutive impact of M&A at 40 basis points, that was about half solid waste and half recycling. But when we look at the yield component, we actually see the revenue results including yield for Q1 being a little ahead of our plan. This will help in Give us time to figure out our solution once those do ultimately go away. Producer's, manufacturers, and recycler's We recognize that these have a finite life to them. And then on the recycling part of the business, the Natura business is in early stages and we're making some investments there, too. I know it historically don't, but I think it helps put in perspective Tyler's question. required to register on a central portal to continue operating and Perfect. statistics indicates that India is the third largest generator of But just to be clear, the part of the drag on the 62 with people are looking sequentially is the number that's in the first half isn't the immediate -- just immediate CPI. OK. Very helpful. Hi, team. But still, I think you're seeing the discipline there around pricing very strong. Sarasota, FL 34236 AB 341 requires all businesses that generate 4 cubic yards or more of trash per week to arrange for recycling services. Additional details about the program may be found on the FDEP website. But when I look at how we're doing with things like rollback of price and churn, those are, as I said, near the bottom end of our historic ranges. Did you know you can get updates on your service ETA with My WM? Best Dividend Stock to Buy Now: Waste Management vs. Republic Services, 3 Resilient Stocks to Help Solidify Your Portfolio, Waste Management Stock Drops After Earnings: Here's What You Need to Know, Waste Management (WM) Q4 2022 Earnings Call Transcript, 1 Dividend Stock Warren Buffett Should Buy, Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks. Support. responsibility: This is a welcome change in today's scenario where And then you mentioned in higher incentive compensation, I wasn't sure if you were talking cash flow or EBITDA. The 40 basis point margin decline year over year is due to three things; one, commodity price impacts on our renewable energy and recycling businesses, which created a 50 basis point margin headwind. Sarasota CountysProject Green Sweep (application)(below) program offers qualified Sarasota County businesses a responsible, cost effective method to properly dispose of small quantities of hazardous and regulated wastes that are banned from landfill disposal. Henrico, Hanover and Goochland Counties And I mean, there's benefits here potentially to the customers as well because historically, I mean, I forget the last few years. So how do we take advantage of that and the way we take advantage of it is by bringing technology to squeeze 5%, 10% maybe even 15% optimization out. We went back and took a look before the call. Producer of EEE and their components are responsible for For missed pickups, service requests, container swaps, or other issues, contact Waste Management at 800-796-9696 or WM.com. OK, perfect. EPR, and producer. There are four ways to dispose of these materials. Or is that already embedded in the guide, that it returns to more of a normal trend? They have to talk to our customers and make sure that they're comfortable with going to trash just being in one of those totters as opposed to everything sitting on the curve. What we intend to do there, at one point, we had moved our renewable energy business into the fuel line, and with some of the noise it was creating in the fuel line, we saw value in pulling that out. People are talking about hydrogen. So I think you're right about the fact that there's a whole bunch of pieces in play here. Richmond, Petersburg, Colonial Heights, Hopewell and Ashland We've talked about it a lot. 2023 has started off as planned and we're pleased to have achieved our first-quarter targets. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. But do you feel comfortable about the whole mix, not just recycling that all of those things are going to collectively get to the right place relative to the guide? And it's got to be through technology. Thanks. All Rights Reserved, manufactures or offers to sell EEE under its own brand; or, offers to sell under its own brand, assembled EEE produced by