It's a good point, though, because RNG is a renewable fuel. other manufacturers or suppliers; or. Recyclables, yard waste and any large or special pickup items must still be placed curbside. manner. The 40 basis point margin decline year over year is due to three things; one, commodity price impacts on our renewable energy and recycling businesses, which created a 50 basis point margin headwind. So you might recall that last year, we got -- there was a delay in the approval of those tax credits by government. Or is that already embedded in the guide, that it returns to more of a normal trend? Until these carts are delivered, customers in these localities may use any container of their choosing for recycling. Twitter TTY: 7-1-1or 1-800-955-8771. This program allows residents to recycle paper, cardboard, glass and plastic in a single container, while deferring waste from local landfills. Hi. *Average returns of all recommendations since inception. And that was not insignificant. The Motley Fool recommends Waste Management. Super helpful as usual. SG&A has obviously been a big focus for you, and really strong cost control this quarter. Just wondering how that positions you given the province -- if Ontario is looking to put in a producer responsibility legislation or as producer responsibility legislation? That's helpful. 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. 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. 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 But how do you see that playing out? But do you feel comfortable about the whole mix, not just recycling that all of those things are going to collectively get to the right place relative to the guide? 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. Our next question comes from the line of Toni Kaplan with Morgan Stanley. They just happen to be higher than our expectations. Waste Management (WM) Q1 2023 Earnings Call Transcript While this impact was a little more than expected, overall, we're very pleased with the progress being made on creating value from these businesses. In fact, the transfer station yield is a new high for that line of business, which is helping to offset, increasing cost of labor and transportation. I'm not going to pay three times for an electric vehicle, what I pay for a CNG vehicle. We didn't really see any meaningful margin impact in the first quarter, but we do expect that we will see some margin impact over the remainder of the year. maximum prescribed concentration. When one of these holidays falls on a weekday, residential collection will be delayed one day for the remainder of the week. Our next question comes from the line of Tobey Sommer with Truist. But some of those other positions that we've talked about, John mentioned it, which is replacing reloaders with ASOs. Yeah. Chesterfield County 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). But we need to see some progress on -- particularly on the infrastructure. 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. Holiday Waste Pickup Schedule | WM - Waste Management Without this team, none of this would be possible. product user documentation. the constituents of the equipment along with declaration of 8 a.m. to 5 p.m. (772) 546-7700. And even where we're growing volumes, we're still able to move that material. Thank you. EBITDA margins were slight in 1Q, at least relative to the sell-side, I appreciate all the detail you provided there. 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. For this reason, CVWMA stopped providing bins as of Nov. 1, 2022. Residents who supply the county with a physician's note may have rear door garbage and recycling service provided at no charge. e-waste recycling targets to the producers. This will help in by mandating recycling through formal sector, as entities will be These results demonstrate our success in rationalizing costs and optimizing our sales and customer experience functions. Chesterfields contract with CVWMA forcurbside recycling services ends on Saturday, July 1, 2023. We expected our first quarter to be the hardest comp on a year-over-year basis from commodity prices, and so we think most of that impact starts to abate beginning in Q2. Service holidays are Christmas Day, New Years Day, 4th of July, and Thanksgiving. How is it trending now? 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. SCHEDULE Trash is collected weekly. As Jim mentioned, our first-quarter organic revenue growth in the collection and disposal business was 7%. WM Curbside Refuse Container Sizes and Rates 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. Thank you. e-waste is, we need to constantly reimagine, revaluate, and But other than that, it's been -- I think the temp story has been a consistent one. About 70% of our resets are in the first half of the year, and those are all indexed to a year-ago activity. Thank you. 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. So that one may end up being a little bit of a headwind. We returned $639 million to shareholders during the quarter, paying $289 million in dividends and repurchasing $350 million of our stock. When you are able to hold a lot of your drivers, it makes a big difference in that customer lifetime value proposition. City of Stanwood - Waste Management Northwest No. (Optional additional rubbish and recycling bins are available for $22.50 per bin.). Follow the journey of items collected in local residential (curbside) and drop-off recycling programs through the MRF and eventually back into retail stores. Recyclers are required to ensure that the fractions or material year in which the extended life of the product is expired. Our next question comes from the line of Michael Hoffman with Stifel. It's a good thing. It also helps that China's open back up. Specialist advice should be sought Recycle Coach is your go-to source for all garbage, recycling and hazardous waste information. Hello. Waste Management (WM) Q1 2023 Earnings Call Transcript 2022, SB 1383 requires Californians to sort and separately collect food scraps, yard debris and food-soiled paper from trash and recycling. 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. Incentive compensation was cash flow. And we were told, hey, your trucks are going to be -- and it wasn't a large amount of trucks, less than a dozen trucks.
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