And on the landfill side, again, the cost of constructing and operating as landfills is not getting cheaper. . It doesn't look like a blowout for sure, but it doesn't look like the bottom is falling out. 2022, SB 1383 requires Californians to sort and separately collect food scraps, yard debris and food-soiled paper from trash and recycling. The good news is we're starting to open up. 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? So we're going to continue to get those assets in play as quick as we can and drive the benefit. targets, whereas the EPR regime under 2022 Rules provides an annual And we've already seen in Q1, our fuel surcharge revenue in Q1 versus Q4 of last year was less than half on a year -- or on a sequential basis. 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 Beginning the week of January 6, 2020, garbage will only be collected by using the Waste Management provided garbage carts. It's actually -- well, one from last summer, which would be lower than the CPI that was at the end of the year. Waste Management (WM) Q1 2023 Earnings Call Transcript From an asset utilization perspective, Michael, I think it's important that as John mentioned, it takes 35 to 40 days to get those new trucks in service and on the road. We'll be at 75% probably by the end of the year. Waste Managements Orchard Ridge Drop-Off Facility (W124N9355 Boundary Road) for Yard Waste, excess Recycling, and excess Garbage is open. 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. Click here for more information. And like I said, we're pleased with the traction that we're seeing in each of those businesses on the recycling side because that business is in a development phase. I mean, there's a whole bunch of factors that go into a full optimization. How much more momentum is there, I would have presumed a chunk of that is CPI pricing rolling. **Pickups for TV's and monitors that weigh more than 40 lbs. Thank you. Trash and Recycling | Sarasota County, FL It understands the expertise of drivers. This growth was led by core price of 7.4%, which exceeded both last year and our plan for the first quarter. One area that exceeded our expectations was pricing as we continue to execute on our revenue management programs to recover cost increases and improve margins. Subcontractors, we're still seeing a little bit of lag there, and it's really more of third-party transporters. should be scheduled at least 48 hours in advance with Waste Management. Your line is open. The investments we're making set us up to further differentiate our industry leading asset network and capabilities. Ladies and gentlemen, I'm showing no further questions in the queue. This call is being recorded and will be available 24 hours a day beginning approximately 1:00 PM Eastern Time today. 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. But as I said, most of that really comes in Q3 and Q4 when the year-over-year comparisons on commodity prices improve. Holiday Waste Pickup Schedule | WM - Waste Management Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. e-waste after China and USA. AB341: Recycling. So that's clearly going in the right direction. So this is anecdotal, Michael, but we did our business refused with all our areas last week. recyclers; Residue generated during recycling process is disposed produces an appalling amount of e-waste and due to lack of 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. Feedback. 1660 Ringling Blvd., Henrico, Hanover and Goochland Counties Changes to Curbside Recycling in 2023 Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. It's a good thing. registered recycler and upload information on the portal. No collection service provided on New Years Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. Spokane County, including Millwood Washington - Waste Management Northwest For more information regarding yard waste disposal, please visit our Yard Waste Disposal webpage. Twitter It also helps that China's open back up. John will cover an operating overview, and Devina will cover the details of the financials. Michael Hoffman -- Stifel Financial Corp. -- Analyst. 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. Instead, they must be recycled. employees. 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. OK. And then, Devina, can you share something? facilitating the fulfilment of EPR targets. Yeah. [Operator instructions] I would now like to hand the conference over to Ed Egl, senior director of investor relations. This strong core price translated into collection and disposal yield of 6.2%, a 70 basis point improvement compared with Q1 of 2022. Property owners may continue recycling through the county's curbside recycling program through June 30, 2023, for no charge. Properly labeled invasive plant species (PDF) may be placed at the curb. . OK. And can I ask on the post-collection pricing momentum that, John, you mentioned in the prepared remarks. and applicability and ensure that all stakeholders follow the same And that's some of the analysis we've been particularly honed in and on and looking at. manner. year in which the extended life of the product is expired. It's a good question because I wouldn't say that our approach has changed. This ordinance applies to all commercial buildings constructed after Dec. 7, 1993 (the date the original Ordinance 92-102 was adopted). as per Compulsory Registration Scheme of the Ministry of Schedule additional curbside pickups, for a fee, any time of the year. Thanks for taking my question here. And Jim, just one last one, if I could. Mondaq Ltd 1994 - 2023. Bulky item pick up available 6 times per year. In closing, I want to thank the entire WM team for the fantastic job they do safely and reliably serving our customers day in and day out. I know it historically don't, but I think it helps put in perspective Tyler's question. 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. . And we've seen a little bit of positive movement here just late in the last handful of weeks on some of the fiber pricing. Trash & Recycling Pickup Monterey County, CA | WM - Waste Management Thank you so much. If all of those things are worked out, look, we're all in for moving to EV. As a result, our focus on optimizing performance and reducing costs in the solid waste business through technology and automation is critically important and will serve to further separate us from our competition. So we've said, Michael, about 40% of our revenue is indexed. e-waste is, we need to constantly reimagine, revaluate, and But I don't think that California, if it's a combustion engine. Yard Waste Permits were mailed to property owners in January. So it's a good question. During the call, you will hear forward-looking statements, which are based on current expectations, projections, or opinions about future periods. Download the 2023 recycling collection schedule. 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. And that's exactly what we're doing in building an optimization tool that understands absolutely the best route to take. This call is being recorded and will be available 24 hours a day beginning approximately 1:00 PM Eastern Time today. Even as these important parts of our operations grow our solid waste business will continue to make up the lion's share of our earnings, projected to generate roughly 85% of operating EBITDA in 2026. Log in Sign up The requirement to qualify as bulk consumer now depends 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. You said it better than I would. Hi, team. Would you review -- just quickly review sort of the impact that -- the potential impact from PFAS may or may not have on how the cost of landfills and sort of how -- I know there's going to be some rulings or some hearings coming out here over the next few months about it. It's a shrinking labor pool. Thank you. ET. guide to the subject matter. Thank you, Tawanda. . OK. View Recycling Schedule (PDF) What's Acceptable for Recycling. I mean, I'm just kind of scratching my head a little bit on how to apply some science to the model there. So you might recall that last year, we got -- there was a delay in the approval of those tax credits by government. We're pleased to see our robust revenue growth and disciplined focus on cost control translate into solid operating and free cash flow. It is not inexpensive to optimize that. Thanks. 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. Waste Management's Orchard Ridge Drop-Off Facility (W124N9355 Boundary Road) for Yard Waste, excess Recycling, and excess Garbage is open. Composting is environmentally beneficial because it provides nutrients for your garden and is economical. Yeah. widened and simplified. Metro map of Paris and the le-de-France region | RATP responsibility: This is a welcome change in today's scenario where Have you seen those improving? So let me take that in pieces. Please refer to the service map to determine collection days. Accueil | Alliance Franaise Paris - le de France Maybe just on -- in your prepared remarks, you talked about the MRF you opened in Toronto here. Sarasota CountyOrdinance 2006-001outlines the mandatory recycling requirements in unincorporated portions of Sarasota. The Gen Z doesn't want to drive trucks the way a Baby Boomer or Gen X did. City of Houston Solid Waste Management Department For information, go to www.chesterfield.gov/recycling. Waste Management Home. EMAIL. 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. John Morris -- Executive Vice President, Chief Operating Officer. flickr. Hi. Request a Free Paper Recycling Bin. Good morning. The mill capacity that's coming online is helping with demand on the back end. Waste Management . If containers were curbside by the specified time and were not emptied, you can report a missed pickup online with My WM. Our next question comes from the line of Sean Eastman with KeyBanc. But I would tell you this, first of all, I looked back. So we've chosen to make that -- it's an incrementally positive step to go to C&G. WM Curbside Refuse Container Sizes and Rates Perfect. Great. We don't expect that to continue over the remainder of the year. The definition of term 'producer' has also been widened That's the headline. So part of our pricing strategy, obviously, a minimum to recover our investment there, but also look for margin improvement where that opportunity exists. Compost your leaves. Devina, I'm wondering if you can talk about second quarter. Thanks, John, and good morning. Households that recycle with CVWMA in Henrico, Hanover and Goochland counties will automatically receive new 96-gallon recycling carts in the spring. ("Rules"), superseding the E-waste (Management) Rules, Incentive compensation was cash flow. role in keeping a check on environmental pollution. Great. NOTE: this service only applies to garbage. The City of Houston accepts cartons for recycling. introduction of mandatory recycling targets will play a significant Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. And so asset utilization, not necessarily where we like it to be. Any redistribution, retransmission, or rebroadcast of this call in any form without the expressed written consent of WM is prohibited. But we need to see some progress on -- particularly on the infrastructure. On the other side, recycle pricing, as we talked about a little bit earlier, is right on our expectations. Visit our site for information on weekly trash schedules, bulk pickup options & more. But what's the mix of index versus open market? Yeah, Jerry. It understands things like location of carts. I'm not going to pay three times for an electric vehicle, what I pay for a CNG vehicle. Service holidays are Christmas Day, New Years Day, 4th of July, and Thanksgiving. Landfills, transfer stations and waste-to-energy facilities across the Commonwealth will no longer accept mattress and box springs for disposal. maximum prescribed concentration. Thank you. Your line is open. 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.
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