And I guarantee there's not anybody else out there that's able to do that. Recyclables, yard waste and any large or special pickup items must still be placed curbside. Invest better with The Motley Fool. This program allows residents to recycle paper, cardboard, glass and plastic in a single container, while deferring waste from local landfills. If you have general questions for Martin County Utilities and Solid Waste that are not pertaining to Waste Management-provided services, please call Martin County Utilities and Solid Waste customer service 8 a.m. to 5 p.m., Monday - Friday at (772) 221-1434. These facilities are expected to open in fall 2023. So thanks for joining us this morning, and we'll see you next week. The National Biodiversity Authority in Chennai has been established for the purposes of implementing the objects of the Act. But can you just kind of remind us what is embedded -- or the level of unit cost inflation that's kind of embedded in the 2023 guide and maybe where are you today? How is it trending now? Chesterfield County currently offers a biweekly curbside recycling program to more than 94,000 homes via a service agreement with the Central Virginia Waste Management Authority and their contracted hauler Tidewater Fibre Corporation (TFC). Your line is open. to the amendment, detailed information had to be included in the The Gen Z doesn't want to drive trucks the way a Baby Boomer or Gen X did. Ladies and gentlemen, I'm showing no further questions in the queue. It has been, at this point, EPA has designated PFAS as a hazardous material. And it's a labor-intensive business, and we have 25% turnover in those driver ranks. But as we do that, we think there's another probably up to 2,000 positions that are helpful positions that we just will choose not to refill. Some of the key points of the E-waste Management Rules 2022 70% our injuries happen in the residential line of business. Sat 8 am-12 pm. Good morning everyone and thank you for joining us for our first-quarter 2023 earnings conference call. recycling chain. But once we optimize it, then we become less reliant on labor. EPR is a policy-based approach wherein responsibility is casted Your line is open. And that was not insignificant. The Village contracts with Waste Management for this service. But this area turned their trucks back in and then we got delayed another 30 or 45 days on some of the delivery. 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 2022, SB 1383 requires Californians to sort and separately collect food scraps, yard debris and food-soiled paper from trash and recycling. Any comparisons, unless otherwise stated, will be with the first quarter of 2022. Your line is open. 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. Environmental concerns regarding the primarily emphasize on proper recycling and safe disposal of So there's a little bit of a lag. of in an authorised treatment storage disposal facility; Maintain with the new regime. And in fact, we do see some of that coming out in Q2, but Q3 and Q4 is really where you start to see some strong results. Producers will now have to ensure that their products are And I'll now turn the call over to John to discuss our operational results for the quarter. 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 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. devices, monitoring and control instruments, solar photo-voltaic And so there was a delay in our recognition of those tax credit benefits until the third quarter of 2022. Thank you. Home |Residents |TrashPickup&Recycling. So as Jim was saying earlier, specific to the commodity-based businesses, we have some caution around those. by mandating recycling through formal sector, as entities will be Recyclers are required to ensure that the fractions or material 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. How quickly can we see that productivity impact into your results? Our collective focus continues to be striking the right balance between maximizing customer lifetime value and increasing price to recover higher costs. As we exited those numbers, went up past historic averages. 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. Given this, Chesterfield is transitioning to a curbside recycling collection model where citizens can work directly with private haulers for recycling collection, like they currently do for trash services. Historically, we anticipated the question. Recycle Coach is your go-to source for all garbage, recycling and hazardous waste information. The second is that truck deliveries are improving. financial year including the e-retailer, will be considered as bulk We knew that there would be some upfront costs associated with integrating that business. It's just everybody needs to understand it. pnwrsservices@wm.com. 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. So those three are really kind of our near-term focus that will help us out in the long term. So we're pleased with that because I know there were a few that had questioned our $70 number, and that looks like it's probably going to hold. In closing, I want to thank the 49,000 people behind WM's success this quarter and every quarter. So in terms of the impact, I think when you look at 2022, and the IRD table that we do I think is the best data point for that, fuel was a really significant contributor. certificate and deferred liability has also been introduced, for We expect the investments that we're making over the next several years to provide meaningful operating EBITDA and free cash flow growth with impressive returns. In closing, the WM team has delivered a solid start to the year, which sets us up for another year of strong financial growth in 2023. Good morning. It's a great question, Jerry. Search. and now includes any person or entity who: irrespective of the selling technique used such as dealer, 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 you might recall that last year, we got -- there was a delay in the approval of those tax credits by government. reduction of hazardous substances by ensuring that products do not Waste Management (WM) Q1 2023 Earnings Call Transcript Trash & Recycling Collection Reno, NV | WM - Waste Management Ed Egl -- Senior Director, Investor Relations. I think we benefited from -- we've talked a lot about our brokerage business being part of the recycling portfolio, and what that's always -- what that's added to us as a benefit is our ability to move the material. All other residents may also take advantage of rear door pick-up for a fee. and reused. 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. 2023 to 70% and 80% in 2024 and 2025, respectively only through consumers of e-waste. For the remainder of 2023, our outlook remains consistent with the full-year guidance provided at the beginning of the year, including adjusted operating EBITDA growth of 7% at the midpoint and between 40 and 80 basis points of adjusted operating EBITDA margin expansion, driven by our collection and disposal business. Recycling can be dropped off at either of the county's convenience centers at no charge. Public Works supervises the contracts for automated solid waste and recyclable collection. For this reason, CVWMA stopped providing bins as of Nov. 1, 2022. Does this MRF make you more competitive as you think of the opportunities stemming from that legislation? Instead, they must be recycled. Curbside Recycling | Chesterfield County, VA The definition of term 'producer' has also been widened Maybe just how did the value of the recycled commodities in 1Q compare to your expectations? Can I ask just a follow-up on that? Hi, team. record of e-waste collected, dismantled, recycled, and sent to human well-being for today's generations does not lead to Two, the dilutive impact of acquisitions completed in late 2022, which had about a 40 basis point impact. 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 The Form 8-K, the press release, and the schedules to the press release include important information. By recycling, businesses may be able to reduce the size of their garbage container and/or the number of collection pick-ups. As we move from traditional rear load to automated side loaders, we're taking a helper off the back and getting about a 30% productivity pickup, which equates to lower driver technician and truck capital needs. effective implementation of the Extended Producer's I mean, listen, we've talked a lot about our CNG, RNG strategy and obviously really pleased with the way that's gone and with the outlook of that is, especially as we continue to bring on these R&D plans. For general questions about garbage and recycling in Sarasota County,call the Sarasota County Contact Center at 941-861-5000. Your 62 is a good number. ET. De nombreux forfaits et billets sont faits pour vous ! 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. 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. These margin impacts were offset in part by a 40 basis point improvement in SG&A and a 30 basis point benefit from the timing of alternative fuel tax credit. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. 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. Tobey Sommer -- Truist Securities -- Analyst. I have a suspicion maybe you will end up with two lefts and a right versus two rights and a left to get to the same outcome. So we're doing a better job on SG&A than we actually anticipated. Monthly calendar view. 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. Recycle Coachis your go-to source for all garbage, recycling and hazardous waste information. required to register on a central portal to continue operating and Commercial Recycling & Waste Hazardous Waste Disposal Organic Recycling Recycling & Waste Residential Recycling & Waste Calendar LookUpTool Need help? flickr. 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. AB341: Recycling. Refurbisher's are under a duty to collect e-waste generated But would a state like California look at your RNG fleet differently than, say, a typical owner operator running a Class A truck just because you're producing on the front end as well when you're creating a circular economy? The content of this article is intended to provide a general Perfect. At this time last year, we have received less than 50 trucks. So, John, what is the trend on service intervals, new business formation, temporary roll-off asset utilization? 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. Today’s top 1,000+ Internship jobs in Paris, le-de-France, France. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. are: 1. The first is that we're pleased with the continued progress on our sustainability growth projects relative to plan. It's not all CPI as we've talked about. And right now, I don't know that we're seeing any progress on infrastructure. produces an appalling amount of e-waste and due to lack of over the producers of specific category of waste for the treatment I mean, I'm just kind of scratching my head a little bit on how to apply some science to the model there. 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. producers responsible for the entire life cycle of their products. So yes, that was a cash flow impact. Your line is open. 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. Sustainable development can be interpreted as "development And so why fill them up with kind of low-priced tons when we can fill them up at a slower rate, maybe at higher price tons, preserve some of that airspace. On the dilutive impact from commodity businesses of 50 basis points, you had that right. Thanks. Actually a quick one. It's really about permanently lowering our operating expense exposure. as per Compulsory Registration Scheme of the Ministry of And I mean, there's benefits here potentially to the customers as well because historically, I mean, I forget the last few years. India is third largest e-waste generator in the world. This ordinance applies to all commercial buildings constructed after Dec. 7, 1993 (the date the original Ordinance 92-102 was adopted). The refurbisher will We talked a lot about the work we're doing to optimize our cost to serve. All right. So neither of those really were seeing the full benefit of leverage on the SG&A front -- I'm sorry, it wasn't that they weren't seeing the benefit of the leverage on the SG&A front, we were capturing and realizing that. The concept of EPR recycling certificate, refurbishing Vous voyagez Paris ? Schedule additional curbside pickups, for a fee, any time of the year. And so I think they're going to have to understand the fact that hazardous sites are -- there are far fewer of them than there are non-haz sites. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. No, that makes a ton of sense. So that one may end up being a little bit of a headwind. So that moderates and really starts to become a tailwind over the remainder of the year. fulfil specific responsibilities. We probably -- if you go back to kind of post-COVID, we're probably lagging 2,000-plus vehicles from what our fleet plan would have been. employees. 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 And I'm not sure we've priced it that way over the years. Chesterfield County Or is that already embedded in the guide, that it returns to more of a normal trend? And maybe the most important piece that John mentioned is it helps us from a safety standpoint. But our expectation is that, that moderates. 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. Twitter 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. Please enable JavaScript in your browser for a better user experience. 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. ), Construction wastes (limited to four, 32-gallon containers, each weighing 40 lbs. Producers are required to implement EPR targets, create laboratory instruments etc. widened and simplified. Follow the journey of items collected in local residential (curbside) and drop-off recycling programs through the MRF and eventually back into retail stores. Manufacturers along with filing returns must collect e-waste introduction of mandatory recycling targets will play a significant That's right -- theythink these 10stocks are even better buys.

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