waste management recycling schedule 2022
I don't know that we're hearing a lot about tech because I'm just not -- I think they're more focused on how do they keep drivers on the road. the e-waste introduced in the market and provided collection Hi. Image source: The Motley Fool. Looking forward to seeing a lot of you next week in New Orleans. Sat 8 am-12 pm EMAIL pnwrsservices@wm.com Phone 800-592-9995 M-F 7 am - 7 pm Sat 9 am - 1 pm Unincorporated Areas South of the Stillaguamish River Sustainability starts in the community. There's really, I think, Tyler, three areas that we're all focused on for 2023, and those are top of line -- at the very top of the list has got to be price, and then a close second to that is what John has been talking about, which is cost control, both SG&A and opex and using technology to facilitate that. redefine ways to deal with e-waste to achieve our sustainability These facilities are expected to open in fall 2023. Recyclers are required to ensure that the fractions or material Contact WM at 775-329-8822. Why Is SoFi Stock Down After Earnings? Integration costs and upfront dilutive margins of these acquisitions had about a 35 basis point impact in the quarter. 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. So you might recall that last year, we got -- there was a delay in the approval of those tax credits by government. For rates and to request these services, visit wcnorthwest.com/bulky-items or call 360-892-5370. 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. Get a Free Recycling Sticker / Buy a Recycling Can. Waste Connections customers are eligible for one free appliance pickup each year. Yard Waste. Recycle Real Christmas Trees Throughout Central Virginia, City of Richmond E-Cycling, Paper Shredding and Household Hazardous Waste Collection, Chesterfield County Shred and e-Cycling Event. generated during the manufacture of any EEE and ensure its the constituents of the equipment along with declaration of I'll now turn the call over to Devina to discuss our financial results in further detail. So I think EPA is still trying to kind of work their way through PFAS. Your line is open. RATP: Public transport in Paris and le-de-France: metro, RER, bus, tramway and safe disposal of such waste. Manufacturers along with filing returns must collect e-waste It understands things like location of carts. And that was not insignificant. e-waste recycling targets to the producers. These definitions provide clarity on the scope Leverage your professional network, and get hired. 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. While garbage service is franchised, businesses may contract with the recycling service provider listof their choice. Those are -- we just talked about it with Jerry, but those were really important areas for us to kind of -- all three of those. And it's got to be through technology. Facebook Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Please refer to the earnings press release tables, which can be found on the company's website at www.wm.com for reconciliations to the most comparable GAAP measures and additional information about our use of non-GAAP measures and non-GAAP projections. I think, Kevin, one important point here about electrification is that it's not a surprise to anybody on this call. And so we'll see some of that benefit as we go through the rest of the year in terms of where inflation headline numbers continue to be high. Overall, you have an assumption all this would improve. Great. All Rights Reserved. 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. By state law, yard waste - such as grass clippings, leaves and tree branches, may not be put in the trash. and reused. It doesn't look like a blowout for sure, but it doesn't look like the bottom is falling out. Thanks for the question. pnwrsservices@wm.com. Residents who dont hire landscapers to rake and dispose of their leaves have a couple of options. Recycling can be dropped off at either of the county's convenience centers at no charge. And I mean, there's benefits here potentially to the customers as well because historically, I mean, I forget the last few years. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. ("Rules"), superseding the E-waste (Management) Rules, So I think you're right about the fact that there's a whole bunch of pieces in play here. Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map. Chesterfields contract with CVWMA forcurbside recycling services ends on Saturday, July 1, 2023. So, John can address the cost side and what we're seeing so far. Recycle Coach is your go-to source for all garbage, recycling and hazardous waste information. The definition of term 'producer' has also been widened For more information, visit www.cvwma.com/recycling-2023. Changes to Curbside Recycling in 2023 Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. And then, of course, the third one is when we talked about three weeks ago, which are those sustainability investments. OK. And can I ask on the post-collection pricing momentum that, John, you mentioned in the prepared remarks. 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. consumers of e-waste. The requirement of annual return and maintaining records of If containers were curbside by the specified time and were not emptied, you can report a missed pickup online with My WM. We knew that there would be some upfront costs associated with integrating that business. responsibility: This is a welcome change in today's scenario where With WM as your partner, you can count on reliable service and solutions that help keep our community sustainable, clean and safe. One of the things I've noticed that you have all been doing, and maybe it was perpetual, first of all, maybe it was just an outcome, is the gap between what you're getting in yield in collection versus the yield and post collection has been closing. I know you obviously had the curves here versus some of your peers on investing in CNG and RNG suites. India 2016 with effect from 1st April 2023. service address customer ID Address Address Verify LOCATE CUSTOMER ID OR Log in Email Email Password Show Password Forgot password? Great. Henrico, Hanover and Goochland Counties I guess just to conclude here you've heard that we're on track for another solid year. On the capital front, there are two key takeaways. These delays impact our team's ability to deliver on residential collection optimization objectives and targeted improvements in our maintenance cost per driver hour. And when China has closed down with their COVID policy, that hurt worldwide demand. Before we get started, please note that we have filed a Form 8-K this morning that includes the earnings press release and is available on our website at www.wm.com. And last question for me. Michael Hoffman -- Stifel Financial Corp. -- Analyst. Trash and Recycling | Sarasota County, FL Trash & Recycling Pickup Monterey County, CA | WM - Waste Management So it's a good question. Yeah, Kevin. And so there was a delay in our recognition of those tax credit benefits until the third quarter of 2022. . And then on the recycling part of the business, the Natura business is in early stages and we're making some investments there, too. De nombreux forfaits et billets sont faits pour vous ! 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. year in which the extended life of the product is expired. 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. It also helps that China's open back up. With Your service gets better, your safety gets better and overtime ratios, training hours and all those things start to go the right way and we started to see signs of that in Q1. Invest better with The Motley Fool. First-quarter revenue grew 5% with continued strong organic growth in the collection and disposal business of 7%. I think on the cost side, Toni, I addressed the M&R and some of the challenges we have seen here. 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. 2. Noah Kaye -- Oppenheimer and Company -- Analyst. Snohomish County, including Unincorporated Snohomish County (South of Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Actually a quick one. Customers in Chesterfield County may use any container of their choosing for the remainder of the countys curbside recycling contract with CVWMA (ends June 30). I mean, it's -- in any big business, there's going to be a few things that work in our favor, a few things that work against us. Q1 was at $54, but it got better as you went through the quarter. No loose trash will be accepted. It's almost always been the lowest yield number on a quarter-by-quarter basis. for verification or audit as and when required. Request a Free Paper Recycling Bin. Until these carts are delivered, customers in these localities may use any container of their choosing for recycling. So $57 was our average in the month of March. When you are able to hold a lot of your drivers, it makes a big difference in that customer lifetime value proposition. Extended Producer Responsibility (EPR): 6. Now we tend to be kind of at the back end. EBITDA margins were slight in 1Q, at least relative to the sell-side, I appreciate all the detail you provided there. 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. Good morning everyone and thank you for joining us for our first-quarter 2023 earnings conference call. Turning to SG&A, we're pleased with the progress we're making to drive leverage from a more efficient cost structure. Good morning. 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? Or has there been any change? Your line is open. Our collection volumes were down modestly in the quarter, driven by intentional steps we continue to take to price every contract to achieve acceptable returns. AB341: Recycling. So to Devina's point, there's a little pensiveness by the field, and we understand it's to send those trucks back, whether it's rentals or surplus assets. Public Works supervises the contracts for automated solid waste and recyclable collection. As a reminder, we closed on about $365 million of acquisitions of solid waste and recycling businesses in the second half of the year. Any regular Friday collection delayed by a holiday will occur on Saturday. Ed Egl -- Senior Director, Investor Relations. New Internship jobs added daily. And as John has talked about, in particular, labor and repair and maintenance are expected to benefit from the actions that we saw early signs of as we looked at February, March, but we expect to continue to gain momentum over the remainder of the year. These entities are e-waste by the bulk consumer has been done away with but they need Kevin Chiang -- CIBC World Markets -- Analyst. We talked a lot about the work we're doing to optimize our cost to serve. So I think we're in a good spot there regardless of what the technologies. Producers can purchase such refurbishing certificates to One, in the solid waste business, we make investments in our facilities, the fleet, and our people right up front and that's the cost impact that you saw in the first quarter for the solid waste acquisitions. should be scheduled at least 48 hours in advance with Waste Management. Download the 2023 recycling collection schedule. Solid Waste & Recycling - Richland County When you combine these strategic positioning -- when you combine this strategic positioning with the essential nature of our service, our diverse customer base and our recurring revenue streams, it provides confidence in our ability to continue to reach our strong financial projections over the long term. proper recycling and safe disposal of e-waste. So that's encouraging. Carton Recycling Program. Sarasota CountyOrdinance 2006-001outlines the mandatory recycling requirements in unincorporated portions of Sarasota. How Do I Volunteer for a Board or Committee? Report a Missed Pickup. Thank you so much. The rules define various terms, including bulk 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. 1. No, So I think -- listen, we're thrilled that the supply chain and truck deliveries are starting to abate. Hi, team. 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 But I do think your point about being kind of an added synergy here is an important one. During the call, you will hear forward-looking statements, which are based on current expectations, projections, or opinions about future periods. 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. which means that e-waste that is still functional can be repaired I mean, I'm just kind of scratching my head a little bit on how to apply some science to the model there. And then on top of that, we'll have some added benefits from lapping some of the commodity price impacts I've talked about. So we're doing a better job on SG&A than we actually anticipated. The refurbisher will Electrification always comes to mind. 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. Service holidays are Christmas Day, New Years Day, 4th of July, and Thanksgiving. But other than that, it's been -- I think the temp story has been a consistent one. Thanks for taking the questions. And it's a labor-intensive business, and we have 25% turnover in those driver ranks. more electrical and electronic equipment, including medical To hear a replay of the call access the WM website at investors.wm.com. Search for upcoming holidays that may affect WM trash and recycling service in your area. So we are still sticking with our $70 and feel pretty confident in that. Can you talk about, did we get a full quarter run rate out of the initiatives that you mentioned on the call center side this quarter? As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. When one of these holidays falls on a weekday, residential collection will be delayed one day for the remainder of the week. While this is certainly better and shows some easing of the significant supply chain constraints from a year ago, we're still waiting for truck deliveries we planned for 2022. Instead, they must be recycled. So we're getting traction even above that CPI number. And I'm not sure we've priced it that way over the years. 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. The first is that we're pleased with the continued progress on our sustainability growth projects relative to plan. Bulky item pick up available 6 times per year. So that kind of naturally slopes down. Recycling Collection Schedule : CVWMA All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. And I said it a little bit earlier, but there's a real appreciation for the fact that especially landfill airspace is a precious commodity. Garbage & Recycling | Menomonee Falls, WI - Official Website That's the subtlety of your model because so much of your business resets in the first half. Once you have your container, simply follow the same guidelines as . As I mentioned on the commodity businesses, that was 50 basis points of the impact in the quarter. Excellent. For missed pickups of garbage and/or recycling, please contact Waste Management Customer Service or email your address, phone number, and regularly scheduled pick-up day ASAP email us or call 888-960-0008. There's a few things that are coming in a little lower than our expectation. SCHEDULE Trash is collected weekly. [Operator instructions] Our first question comes from the line of Bryan Burgmeier with Citi. in a particular year and same shall be added to the target of the I mean, there's a whole bunch of factors that go into a full optimization. Thanks, John, and good morning. The 2023 Curbside Recycling Calendar is Here! Recycling & Garbage Collection | Brookhaven, NY Ladies and gentlemen, I'm showing no further questions in the queue. Home |Residents |TrashPickup&Recycling. Thanks for the extra detail. Hey, Jim, John. It just will look a little bit different in future quarters, both because of the lapping of the really significant increases in diesel that we saw a year ago, but also because we're taking some structural changes with how we bill that to our customers. Our next question comes from the line of Jerry Revich with Goldman Sachs. OK. We remain confident that we can achieve our full-year pricing expectations for core price of 6.5% to 7% and yield approaching 5.5%. Vous voyagez Paris ? Is the opportunity for that maybe near-term dilutive impact from M&A in a given period of time to maybe diminish over time because of this? And I would tell you, we've made 400 to 500 basis points of improvement in a lot of those key frontline roles, and. It's actually -- well, one from last summer, which would be lower than the CPI that was at the end of the year. Yeah. Thank you. statistics indicates that India is the third largest generator of as per Compulsory Registration Scheme of the Ministry of E-Waste, Paper Shredding, Drug Take Back Events. In closing, I want to thank the 49,000 people behind WM's success this quarter and every quarter. There's some work that's involved with our public sector team. Thank you. So that's clearly going in the right direction. Residents may also submit concerns or issues to the Village online with GONorthbrook or via phone at 847-664-4010. That is something that differentiates us from others who simply don't have that technology in place. M-F 7 am - 5 pm. We don't expect that to continue over the remainder of the year. And I'll now turn the call over to John to discuss our operational results for the quarter. And some of those changes, our customers are going to begin to see in the second quarter. For missed pickups, service requests, container swaps, or other issues, contact Waste Management at 800-796-9696 or WM.com. How quickly can we see that productivity impact into your results? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. So do you think we see EBITDA margins inflect in 2Q or at least maybe approach flat and they inflect in 3Q? Prior But I don't think that California, if it's a combustion engine. Are your RNG or CNG trucks considered essentially net zero? Now, I'll turn the call over to WM's President and CEO, Jim Fish. OK. And then, Devina, can you share something? e-waste. On the other side, recycle pricing, as we talked about a little bit earlier, is right on our expectations. As we exited those numbers, went up past historic averages. Garbage & Recycling Costs First Can + Recycling - $16.30 Second Can - $11.15 Extra Recycling Can - $4.15 Green Waste* - $6.60 If the technology -- the price point, by the way, is important to us. Tobey Sommer -- Truist Securities -- Analyst. At this point, we're good with each element of the guidance. will be issued a refurbishing certificate for a particular quantity The trend has been good and it's what we anticipated. Just wanted to get that confirmation. And we talked a lot about drivers, it's our biggest population. How is it trending now? WM Curbside Refuse Container Sizes and Rates Service is provided through Waste Management. And it's noteworthy that the residential line of business, as you can imagine, is one that eats a little more of the inflation, some of the other one due to the labor intensity and whatnot. Turning to volumes, first-quarter collection and disposal volume grew 0.8%. These results demonstrate our success in rationalizing costs and optimizing our sales and customer experience functions. If a holiday falls on a Saturday or Sunday, there will be no delays. We'll be at 75% probably by the end of the year. 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. It's really about permanently lowering our operating expense exposure. Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. In terms of unit cost inflation, we expected in 2023 about 4% to 5% unit cost inflation for the year. ), Construction wastes (limited to four, 32-gallon containers, each weighing 40 lbs. But we need to see some progress on -- particularly on the infrastructure. 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. When we talk about it probably four years ago, we're talking about something less than 1%. EPR mechanism under the 2016 Rules focused more on the producer's responsibility to collect back the e-waste introduced in the market and provided collection targets, whereas the EPR regime under 2022 Rules provides an annual e-waste recycling targets to the producers. Copy and paste this code into your website. What we do is try and work ourselves toward providing better clarity about the key drivers of our business. And so what we are seeing is that that revenue decline should actually benefit the margin side of the business. Couple of things are helping us. 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? We returned $639 million to shareholders during the quarter, paying $289 million in dividends and repurchasing $350 million of our stock. Yes! And apologies if I missed this, but are you still looking for a $70 a ton commodity basket for 2023? Perfect. But how do you see that playing out? Investments we are making in our people and processes are also important. Tony Bancroft -- Gabelli Funds -- Analyst. collected, dismantled, and recycled in an environmentally sound All customers must use approved carts provided by Waste Management. You said it better than I would. Please refer to the service map to determine collection days. So far in 2023, the WM team continues to deliver strong performance. On some holidays, CVWMA recycling collections may be delayed by a day for the remainder of the week. Commercial Recycling & Waste Hazardous Waste Disposal Organic Recycling Recycling & Waste Residential Recycling & Waste Calendar LookUpTool Need help? It's a great question. For holidays on Saturday or Sunday, there are no delays. Leaf it Out! Waste Management . By recycling, businesses may be able to reduce the size of their garbage container and/or the number of collection pick-ups. wherein dealer, consumer, bulk consumer, and collection centres To schedule rear door garbage service, contact Waste Management at 941-493-4100. But if you look at where CPI was last quarter or this quarter, you look at core price and yield, we're still pricing above that. Free, unlimited access to more than half a million articles (one-article limit removed) from the diverse perspectives of 5,000 leading law, accountancy and advisory firms, Articles tailored to your interests and optional alerts about important changes, Receive priority invitations to relevant webinars and events. The 96-gallon cart is provided to each eligible household in Richmond, Petersburg, Colonial Heights, Hopewell, and Ashland. OK. Mondaq Ltd 1994 - 2023. Free text and/or email reminders the evening before your scheduled pickup, including holiday delays. You're seeing us price it that way. 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. It was more about investment in the operations and the long-term viability of each of those businesses. Youll only need to do it once, and readership information is just for authors and is never sold to third parties. As you continue to look to do M&A as well as you move forward with cost-cutting investments. I mean, when California is telling people with electric vehicles to not charge their vehicles last summer, and I don't know what the percentage of electric vehicles is in California, it's probably 5%, if that. Maybe just how did the value of the recycled commodities in 1Q compare to your expectations? Particularly when you think about it on the East Coast and on the West Coast, I mean, maybe not quite as much in the middle of the country, but definitely on the East Coast, I mean, you see it. No collection service provided on New Years Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. human well-being for today's generations does not lead to And how much room for improvement could there be based on the historical ranges of those metrics in prior downturns? On the solid waste side, when I was mentioning the MLK holiday, that was part of the 20 basis point margin headwind that we saw from the solid waste part of the business. It's a great question, Noah. This year, we received about 470. We're also seeing a pretty significant uptick in pricing for plastics, for aluminums and a little bit for OCC. Looking forward to seeing you in New Orleans. *Average returns of all recommendations since inception. Thanks. But when we look at our consumption, we don't just look at the collection line of business. Thank you. Visit our site for information on weekly trash schedules, bulk pickup options & more. We'll have another benefit in Q2 and then that moderates in Q3, reverses itself, and then normalizes beginning in Q4. On the dilutive impact of M&A at 40 basis points, that was about half solid waste and half recycling. All businesses in Sarasota County are required to use the countys franchised waste hauler, Waste Management, for garbage collection services. Thank you. Twitter facilitating the fulfilment of EPR targets. Time-sensitive information provided during today's call, which is occurring on April 27th, 2023, may no longer be accurate at the time of a replay.
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