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. Yeah. See information above regarding program changes effective July 1, 2023. 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. I was trying to figure out a good way to say that. Select your locality from the drop-down menu, then enter your address. 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. It's actually -- well, one from last summer, which would be lower than the CPI that was at the end of the year. They just happen to be higher than our expectations. Recycling service provider listcan advise on appropriate recycling service levels. To hear a replay of the call access the WM website at investors.wm.com. Net income, EPS, operating EBITDA, and margin and operating expense and margin results have been adjusted to enhance comparability by excluding certain items that management believes do not reflect our fundamental business performance or results of operation. Bryan, we are still looking to see $70 for 2023. Recycling 101 Our Service Areas Drop Off Locations Service Notifications 10 Yard Dumpster 20 Yard Dumpster 30 Yard Dumpster Holiday Schedule Facebook Twitter Instagram LinkedIn YouTube Products & Services Trash Collection & Recycling for Home Waste Disposal & Recycling for Business Roll-Off Dumpster Rental Bulk Trash Pickup Learn more about the curbside recycling transition by reading the, Explore our parks, facilities and programs, Find latest alerts, incidents and reports, Central Virginia Waste Management Authority, Tidewater Fibre Corporation (TFC) Recycling, Central Virginia Waste Management Authority (CVWMA), Email Waste and Resource Recovery Division, Freedom of Information Act Requests (FOIA). To hear a replay of the call access the WM website at investors.wm.com. I want to frame these results and then talk about the efforts in place to optimize our cost to serve in 2023 and over the long-term. Your line is open. 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. The county is also establishing drop-off recycling stations at Harry G. Daniel Park at Iron Bridge, R. Garland Dodd Park at Point of Rocks, Goyne Park, Irvin G. Horner Park, Huguenot Park, and Rockwood Park. Residents who dont hire landscapers to rake and dispose of their leaves have a couple of options. So I think EPA is still trying to kind of work their way through PFAS. Aller aux rsultats de la recherche d'itinraire, Aller aux rsultats de la recherche d'horaire, RATP Group annual results for the year ended 2022, The city of Belgrade awards RATP Dev an Early Operator Assistance contract for the Belgrade automated metro system, Royal Commission for AlUla signs 360 Mobility plan services contract with Frances RATP Dev, marking a new step towards a sustainable and smart public mobility network in AlUla. So if you're using a renewable fuel to fuel a CNG truck, I don't think you have to be a mathematician to figure that out. It's a good thing. For Business. How Do I Volunteer for a Board or Committee? It's really about permanently lowering our operating expense exposure. OK. That's right -- theythink these 10stocks are even better buys. Is SoFi Stock a Buy Now? But as you saw within our post-collection pricing and more specifically our transfer stations, we continue to address that through the revenue quality of the remote gates at or the transfer station. M-F 7 am - 5 pm. Thank you, Tawanda. With the mass electrification of transportation, recycling of batteries is a growing concern in India as a significant part of discarded batteries eventually end up in garbage disposals. Your line is open. It's a shrinking labor pool. In yet another step towards sustainable growth, Government Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Waste Management ( WM 2.73%) Q1 2023 Earnings Call. And maybe taking that a step further. Garbage & Recycling. The mission of the Solid Waste & Recycling Division is to efficiently manage the solid waste stream and provide high quality residential solid waste management services for the citizens of Richland County in order to enhance public safety, public health and quality of life in the County. But I would tell you this, first of all, I looked back. Thanks. Some of these risks and uncertainties are discussed in today's press release and in our filings with the SEC, including our most recent Form 10-K. John will discuss our results in the areas of yield and volume, which unless otherwise stated, are more specifically references to Internal Revenue Growth, or IRG, from yield or volume. Share & Bookmark, Press Enter to show all options, press Tab go to next option, Emergency Rental Assistance Program (ERAP), Phillippi Creek Septic System Replacement, Arts and Cultural Alliance of Sarasota County, Proclamations and Certificates of Recognition, Transportation (Hurricane Evacuation Center), A Claim for Property Damage or Personal Injury. Recycling can be dropped off at either of the county's convenience centers at no charge. Thank you. registered recyclers. Service will be delayed one day for the remainder of the holiday week. Good morning. Waste Management staff work all holidays except New Year's Day, Memorial Day, July 4th, Labor Day, Thanksgiving Day, and Christmas Day. Your line is open. . Waste Management requires all garbage and recycling to be placed at roadside for pickup by 5:30 a.m.on your regularly scheduled day. The following companies have indicated that they will provide curbside recycling, to include provision of containers for their service: Each hauler will provide instructions regarding existing containers. Are your RNG or CNG trucks considered essentially net zero? The Gen Z doesn't want to drive trucks the way a Baby Boomer or Gen X did. The good news is we're starting to open up. It's, in our mind, it's a perfect place to put a new MRF. 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 Devina Rankin -- Executive Vice President, Chief Financial Officer. All trash and recycle items must be placed at the curb no later than 6:30 a.m. on your service day. Producers are required to meet recycling targets up to 60% by Thanks for taking my question. No, So I think -- listen, we're thrilled that the supply chain and truck deliveries are starting to abate. And now we're talking about much higher numbers, albeit in a higher inflation environment. Search. One excellent example of this is the expansion of our customer self-service capabilities where we've reduced our call center department costs in the first quarter by more than 20% compared to last year, while at the same time maintaining or improving our Net Promoter Scores in the commercial and industrial lines of business. I just wanted to confirm that all the guidance is intact, and in particular, including the collection and disposal yield, I think you guys have given us approaching 5.5% number. operations in the informal sector occur at different stages of the 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. Sure. The Houston Apartment Association (HAA) and the City of Houston Solid Waste Management Department (SWMD) launched on November 15, 2011 the Go Green Community initiative to increase recycling in apartment communities. Waste Management . You're seeing us price it that way. Beginning the week of January 6, 2020, garbage will only be collected by using the Waste Management provided garbage carts. 2. SCHEDULE Trash is collected weekly. There are four ways to dispose of these materials. EPR is a policy-based approach wherein responsibility is casted Yeah. Commercial Recycling & Waste Hazardous Waste Disposal Organic Recycling Recycling & Waste Residential Recycling & Waste Calendar LookUpTool Need help? When you entertain conversations with smaller players in your M&A outreach, what are you hearing from them about the impact of higher rates and the kind of persistent required tech investments to stay competitive with the market? Anybody who lives in New York sees it, anybody who lives in Boston sees it. So part of our pricing strategy, obviously, a minimum to recover our investment there, but also look for margin improvement where that opportunity exists. Feedback. One of the benefits we know that comes from these efforts is improved retention, which then translates into even better customer service and optimized cost structure because our tenured drivers are the safest and most efficient. With WM as your partner, you can count on reliable service and solutions that help keep our community sustainable, clean and safe. New Internship jobs added daily. I wanted to touch on -- clearly, you have made pretty meaningful progress in SG&A reduction and just your focus on cost cutting. Free text and/or email reminders the evening before your scheduled pickup, including holiday delays. registered entities. We're also opening one new MRF in 2023 in the Greater Toronto area, which positions us strongly in the largest growth market in Canada. Historically, we anticipated the question. We're always working to make WM a great safe place to work and delivering our team members of best-in-class compensation and benefits package. Debris must not exceed the lid of the cart or you may experience a delay in service. For Home. Because I think there's some waiting issue there that people should appreciate given that 70% of your index is happening now and it's a number from last summer, not the end of the calendar year. e-waste. With ET. The 96-gallon cart is provided to each eligible household in Richmond, Petersburg, Colonial Heights, Hopewell, and Ashland. Our fleet strategy is evidenced by what we've done from diesel -- gen 1 diesel, gen 2 to CNG/RNG that we have the flexibility within our fleet plan to be able to pivot without really impacting the business. Understood. Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map. Turning to operating expenses, which increased 70 basis points as a percentage of revenue to 63%. Also, please remember that it is never okay to dump yard waste in or near a wetland or body of water.Local sites:Bridgewater Farm Supply, 1000 Plymouth Street, Bridgewater, MA 02379(508) 697-0357 - Leaves and Brush - $10/yardSouth Ridge Farm & Nursery, 399 South Street, Walpole, MA 02181(508) 668-0401 - Leaves and Brush - $11/yard. Click herefor a guide to composting at home. We're also taking some important steps that we think are beneficial in terms of looking at the overall cost structure of the organization that is dependent upon the fact that we are at 75% CNG for fleet and delivery. But I do think your point about being kind of an added synergy here is an important one. Serving the cities of Colonial Heights, Hopewell, Petersburg and Richmond, the Town of Ashland and the counties of Charles City, Chesterfield, Goochland, Hanover, Henrico, New Kent, Powhatan and Prince George So yes, that was a cash flow impact. And our goal is to ultimately get to 90%. WM offers waste & recycling services to residents in Santa Clarita, CA. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Or has there been any change? But maybe you could touch a little bit about if there's any change in your approach to acquisitions as you continue to kind of balance SG&A reduction as well as acquisitions. Please note: this program is ending on Saturday, July 1, 2023. Because effectively, you're in a unique position in that you also produce RNG as your landfill. certificate and deferred liability has also been introduced, for India And that's when you look at the pricing and the yield results in residential, I think for the quarter, we were up $53 million in revenue. With profitability improving in each line of business and contract wins with healthy price increases, we're pleased to see our differentiated service and disciplined approach to yield benefits. It's a great question, Jerry. Some of the key points of the E-waste Management Rules 2022 recycling or disposal. Features: Schedules for trash, recycling and yard debris pickups. Service is provided through Waste Management. For information, go to www.chesterfield.gov/recycling. And then as we're getting into April, we're seeing that continue to improve. Good morning. Mondaq uses cookies on this website. AB341: Recycling. So that's encouraging. statistics indicates that India is the third largest generator of Residents and businesses may begin transitioning to private haulers at any time by contacting their preferred hauler. 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. of refurbished product whereby the life of such product has been We're also expecting to see some strong accretive revenue come back in the collection line of business, in particular as our differentiated service model really pays some dividends in terms of our national accounts business where we are going to lap some of the contracts' expirations and we're going to see some contracts return. For more information regarding yard waste disposal, please visit our Yard Waste Disposal webpage. And with our outlook for strong earnings growth over the remainder of the year in a healthy balance sheet we expect to continue to repurchase our shares fairly ratably over the remainder of the year. Sustainable development can be interpreted as "development And then just on recycling, just trying to get some better gauges or indicators of demand. POPULAR ARTICLES ON: Environment from India. Yeah. First question, I guess, is how to think about fuel rolling over in terms of impact to EBITDA and margins over the rest of the year. Thanks. Leverage your professional network, and get hired. I think from a progression standpoint going from diesel to CNG, CNG-RNG, it's certainly going in the right direction. So once those trucks come in, once we've talked to the customer base, we will transition those. We expect our investments to continue to drive improvement in SG&A costs and put us on a path toward a permanently reduced SG&A cost structure. of e-waste, electrical and electronic equipment ("EEE"), We returned $639 million to shareholders during the quarter, paying $289 million in dividends and repurchasing $350 million of our stock. John Morris -- Executive Vice President, Chief Operating Officer. Thank you. Sarasota CountyOrdinance 2006-001outlines the mandatory recycling requirements in unincorporated portions of Sarasota. So that certainly is a benefit going forward throughout the year. Consulter le plan (PDF 1.09 Mo) Discover the Paris metro map. It's a good point, though, because RNG is a renewable fuel. Today’s top 1,000+ Internship jobs in Paris, le-de-France, France. about your specific circumstances. Thank you. It understands things like location of carts. Your line is open. Hello. prohibited from dealing with unregistered players. So as Jim was saying earlier, specific to the commodity-based businesses, we have some caution around those. What's the temporal loss utilization look like? With me this morning are Jim Fish, president and chief executive officer; John Morris, executive vice president and chief operating officer; and Devina Rankin, executive vice president and chief financial officer. Yard Waste. to ensure that e-waste generated by them is handed over only to Our next question comes from the line of Kevin Chiang with CIBC. We budgeted $2.30, and it's $2. These definitions provide clarity on the scope Thank you. And I'm not sure we've priced it that way over the years. But the biggest benefit really is when you can stabilize the workforce, those frontline folks. Instead, they must be recycled. devices, monitoring and control instruments, solar photo-voltaic Our next question comes from the line of Sean Eastman with KeyBanc. pinterest And Jim mentioned that overall, the whole basket of goods has moved up here a little bit as we exited Q4 into Q1 and then even exiting Q1 into Q2. It's not a negative. The Board of Supervisors has waived the first half recycling fee for recycling services provided from Jan. 1 to June 30, 2023. But just given some of the stuff you've seen, not sure if you think that impacts your fleet strategy or maybe the need to accelerate some of the investments in electrification or other -- or some other type of propulsion system that gets you to some sort of GHG emission target based on the EPA's proposal here. We always are looking at what makes best sense for the shareholders. Recycle Coach is your go-to source for all garbage, recycling and hazardous waste information. So we've said that we think PFAS is more of an opportunity than a risk for us. Report a Missed Pickup. Click here for more information. What's really important there, I think, in terms of thinking about what it means for the rest of the year is that, that impact isn't something that repeats itself. I mean, that's sort of a good canary in the coal mine about business activity. Our next question comes from the line of Tobey Sommer with Truist. a proper disclosure and compliance mechanism in place, it has Thank you, Tawanda. So we're going to get a full complement of trucks this year, probably 1,500 to 1,600 is what we think. 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%. One, we have our toe in all those ponds in terms of watching all the technology advancement and see how it's not only going to progress to commercialization, but commercialization through a heavy-duty fleet like ours, which are two distinctions. We're down about 29 in volume. I think it will continue to close.

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