We've had a solid start to 2023 and look forward to building on our success. We went back and took a look before the call. Electrification always comes to mind. and reused. I don't know, Michael, we've seen a meaningful movement there. and now includes any person or entity who: irrespective of the selling technique used such as dealer, Yeah. Sarasota, FL 34236 We'll have another benefit in Q2 and then that moderates in Q3, reverses itself, and then normalizes beginning in Q4. 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. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. So this is anecdotal, Michael, but we did our business refused with all our areas last week. On the dilutive impact from commodity businesses of 50 basis points, you had that right. Thanks for the color and best of luck to 2023 year. But other than that, it's been -- I think the temp story has been a consistent one. producers responsible for the entire life cycle of their products. But can you just expand -- and really nice to see the strong numbers, both in transfer stations and landfills. OK. On the labor front, I said in my prepared comments, we were close to high single, low double digits, and that's moderated back down to mid-single digits. The alternative fuel tax credit was a help of 30 basis points, and that's a help because of timing. It is kind of ubiquitous in these landfills and in the material that comes into them. 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. How is it trending now? I could say the same thing about MSW volume or a couple of the other things. Our next question comes from the line of Noah Kaye with Oppenheimer. How much more momentum is there, I would have presumed a chunk of that is CPI pricing rolling. Any comparisons, unless otherwise stated, will be with the first quarter of 2022. These definitions provide clarity on the scope OK. And can I ask on the post-collection pricing momentum that, John, you mentioned in the prepared remarks. The county's convenience centers will be open seven days a week in late summer 2023. Great. The mill capacity that's coming online is helping with demand on the back end. Producer's, manufacturers, and recycler's And because renewable energy and recycling both have commodity-based impacts, we thought looking at those on a combined basis made some sense. 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. So that kind of naturally slopes down. Schedule I of 2022 Rule, at any point of time in the particular Because effectively, you're in a unique position in that you also produce RNG as your landfill. Sat 8 am-12 pm. India Carton Recycling Program. Actually a quick one. We budgeted $2.30, and it's $2. I like the way you said that, Michael. I will now like to turn the call back to Jim Fish, president and CEO for closing remarks. 2023 has started off as planned and we're pleased to have achieved our first-quarter targets. Property owners may continue recycling through the county's curbside recycling program through June 30, 2023, for no charge. 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. 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. I can't thank our hard-working team members enough for all of their contributions to our success. With WM as your partner, you can count on reliable service and solutions that help keep our community sustainable, clean and safe. That's helpful. 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. So we are hearing that, that turnover has become a consistent and recurring problem for a lot of those companies. These results demonstrate our success in rationalizing costs and optimizing our sales and customer experience functions. It is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use. I would tell you that as far as the overall macro economy, we've been looking at it closely because it seems as if every day, somebody comes out with a different projection. It actually doesn't become a help necessarily, but it's not something that we see repeating over the remainder of the year because it was a onetime event. List of Materials Powered by Upcoming Events View All Events thousand units of electrical and electronic equipment listed in If a holiday falls on a weekday, collections for the rest of the week will be pushed back a day. 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. Please note: this program is ending on Saturday, July 1, 2023. View Regular Schedule. Our next question comes from the line of Michael Hoffman with Stifel. (Optional additional rubbish and recycling bins are available for $22.50 per bin.). These facilities are expected to open in fall 2023. Waste Managements Orchard Ridge Drop-Off Facility (W124N9355 Boundary Road) for Yard Waste, excess Recycling, and excess Garbage is open. Producers can purchase such refurbishing certificates to But the biggest benefit really is when you can stabilize the workforce, those frontline folks. registered recycler on the portal and make available all records Garbage & Recycling | City of Vancouver, Washington, USA Holiday Waste Pickup Schedule | WM - Waste Management which means that e-waste that is still functional can be repaired 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. Accueil | Alliance Franaise Paris - le de France M-F 7 am - 5 pm. Looking forward to seeing a lot of you next week in New Orleans. The Village contracts with Waste Management for this service. EPR is a policy-based approach wherein responsibility is casted 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. 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. The first is that we're pleased with the continued progress on our sustainability growth projects relative to plan. And how much room for improvement could there be based on the historical ranges of those metrics in prior downturns? You're seeing us price it that way. They just happen to be higher than our expectations. Refuse & Recycling Services | Northbrook, IL And we are factoring that in as we look at some of these companies. And how do you see that impacting your business? OK. That's very helpful. So that one may end up being a little bit of a headwind. Residents and businesses may begin transitioning to private haulers at any time by contacting their preferred hauler. Garbage & Recycling | Menomonee Falls, WI - Official Website Waste Management staff work all holidays except New Year's Day, Memorial Day, July 4th, Labor Day, Thanksgiving Day, and Christmas Day. The National Biodiversity Authority in Chennai has been established for the purposes of implementing the objects of the Act. Yard Waste. For Business. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Good morning. The City of Houston accepts cartons for recycling. Environmental concerns regarding the Service fees may apply. Is SoFi Stock a Buy Now? I know it historically don't, but I think it helps put in perspective Tyler's question. We are hearing that, and some of the companies that we've acquired are showing double the turnover that we're showing. RATP: Public transport in Paris and le-de-France: metro, RER, bus, tramway The new rules have strengthened the EPR concept, which makes . Thank you, Tawanda. In terms of unit cost inflation, we expected in 2023 about 4% to 5% unit cost inflation for the year. And when China has closed down with their COVID policy, that hurt worldwide demand. Perfect. The 96-gallon cart is provided to each eligible household in Richmond, Petersburg, Colonial Heights, Hopewell, and Ashland. It's not a negative. For more information regarding yard waste disposal, please visit our Yard Waste Disposal webpage. 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. Maybe just on -- in your prepared remarks, you talked about the MRF you opened in Toronto here. Some of the key points of the E-waste Management Rules 2022 But this area turned their trucks back in and then we got delayed another 30 or 45 days on some of the delivery. But historically, CNG fuel prices have been more stable relatively. POPULAR ARTICLES ON: Environment from India. Now we tend to be kind of at the back end. Just I was looking back through the Q4 transcript, and I'm not really sure I saw it. All rights reserved. Thank you for standing by and welcome to the WM first-quarter 2023 earnings conference call. It looks like your pricing may be peaked in Q4. a proper disclosure and compliance mechanism in place, it has I'm not going to pay three times for an electric vehicle, what I pay for a CNG vehicle. Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. 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. So $57 was our average in the month of March. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. We recognize that these have a finite life to them. 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. of e-waste, electrical and electronic equipment ("EEE"), And then on the recycling part of the business, the Natura business is in early stages and we're making some investments there, too. View Recycling Schedule (PDF) What's Acceptable for Recycling. Thanks for taking the questions. 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. No, that makes a ton of sense. 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. on specified usage of EEE by entity, unlike earlier where it And I'll now turn the call over to John to discuss our operational results for the quarter. Leaf it Out! It's not all CPI as we've talked about. With that, Tawanda, let's open the line for questions. I know you obviously had the curves here versus some of your peers on investing in CNG and RNG suites. With These adjusted measures in addition to free cash flow, are non-GAAP measures. about your specific circumstances. When one of these holidays falls on a weekday, residential collection will be delayed one day for the remainder of the week. The lids on both carts must be closed to ensure litter free service.
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