So we've chosen to make that -- it's an incrementally positive step to go to C&G. Recycling & Garbage Collection | Brookhaven, NY That was considered when we put together our plan for EBITDA and EBITDA margin this year. Frontline wage increases are now in the mid-single-digit range as compared to the high single to low double-digit increases that we saw in late 2021 and 2022. Looking forward to seeing a lot of you next week in New Orleans. I want to point out a couple of things that happened in Q1 that we don't see as indicative of the margins that we'll expect for the remainder of the year. Richmond, VA 23227, 2023 Central Virginia Waste Management Authority. And maybe just the EPA did come out with, I guess, a phase 3 proposal on heavy-duty vehicles, looking to continue to drive to some sort of net zero target over time. Michael Hoffman -- Stifel Financial Corp. -- Analyst. Incentive compensation was cash flow. 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. Recycling can be dropped off at either of the county's convenience centers at no charge. 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. Today’s top 1,000+ Internship jobs in Paris, le-de-France, France. 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. No, So I think -- listen, we're thrilled that the supply chain and truck deliveries are starting to abate. No, that makes a ton of sense. These delays impact our team's ability to deliver on residential collection optimization objectives and targeted improvements in our maintenance cost per driver hour. We finally now know where all of our assets are. NOTE: this service only applies to garbage. And that is our expectation, is that the first quarter of 2023 had some margin pressures that we see as more related to 2023 specifically, such that the normal seasonal uptick that we see from a revenue perspective will provide the typical expansion. And Jim, just one last one, if I could. service address customer ID Address Address Verify LOCATE CUSTOMER ID OR Log in Email Email Password Show Password Forgot password? *Average returns of all recommendations since inception. So I think you're right about the fact that there's a whole bunch of pieces in play here. It's, in our mind, it's a perfect place to put a new MRF. the e-waste introduced in the market and provided collection Overall adjusted operating EBITDA grew nearly 4% and operating EBITDA in the collection and disposal business grew 7% in the quarter. Since 1883, the Alliance Franaise de Paris has been devoted to sharing and promoting the beauty of French language and culture. So those three are really kind of our near-term focus that will help us out in the long term. And now we're talking about much higher numbers, albeit in a higher inflation environment. Maybe just how did the value of the recycled commodities in 1Q compare to your expectations? prohibited from dealing with unregistered players. 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. Historically, we anticipated the question. 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. This year, we received about 470. The new rules have set higher collection targets for We saw strong yield performance across all lines of business and are particularly proud of our post collection yield. Noah Kaye -- Oppenheimer and Company -- Analyst. Good morning everyone and thank you for joining us for our first-quarter 2023 earnings conference call. EPR mechanism under the 2016 Rules 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. 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. View Regular Schedule. This call is being recorded and will be available 24 hours a day beginning approximately 1:00 PM Eastern Time today. On the capital front, there are two key takeaways. And he talked about 30% productivity pick up there. So I think EPA is still trying to kind of work their way through PFAS. 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. 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. 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. It is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use. Residents are advised that service delays may occur due to weather and are encouraged to register for should be scheduled at least 48 hours in advance with Waste Management. Service fees may apply. ET. Waste & Recycling Collection Santa Clarita, CA | WM - Waste Management Maybe you can talk to your sense of the mills inventory position on recycled fiber. Curbside Recycling | Chesterfield County, VA The rules Without this team, none of this would be possible. We're not -- because we haven't been receiving the trucks, I mean, you can't make that swap obviously without the truck. I will now like to turn the call back to Jim Fish, president and CEO for closing remarks. And while we don't send a lot of stuff straight to China anymore, they do affect worldwide demand. (Optional additional rubbish and recycling bins are available for $22.50 per bin.). I think as I mentioned, the transportation piece, and a lot of that is labor and fuel, if you will, has continued to persist, which is why one of the reasons why you continue to see us be as aggressive as we are on the transfer station side. 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. To set up commercial garbage collection, contact Waste Management at 941-493-4100. registered recycler and upload information on the portal. Have you seen those improving? All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. and applicability and ensure that all stakeholders follow the same 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. You mentioned in the prepared remarks, getting the additional truck orders fulfilled and that getting more back to normal. Mondaq uses cookies on this website. Yeah. OK. And then last one for me. John will cover an operating overview, and Devina will cover the details of the financials. guide to the subject matter. It is kind of ubiquitous in these landfills and in the material that comes into them. The City of Houston accepts cartons for recycling. The first is that we're pleased with the continued progress on our sustainability growth projects relative to plan. Public transport in Paris and le-de-France: itinerary planner; metro, RER and bus maps; information on: traffic, fares, hours, areas 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. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Waste Managementwasn't one of them! 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). Obviously, the banking crisis sort of doesn't impact your business as much as some of the other business services companies. Q1 was at $54, but it got better as you went through the quarter. 2023 has started off as planned and we're pleased to have achieved our first-quarter targets. WM, formerly known as Waste Management . To schedule rear door garbage service, contact Waste Management at 941-493-4100. 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. Public Works - Collection Schedule | pittsburghpa.gov Visit our site for information on weekly trash schedules, bulk pickup options & more. Sarasota County Thanks for the question. 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. 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. Residents who supply the county with a physician's note may have rear door garbage and recycling service provided at no charge. 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. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. And how do you see that impacting your business? Right. OK. Electrification always comes to mind. Extended Producer Responsibility (EPR): 6. It understands things like location of carts. With WM as your partner, you can count on reliable service and solutions that help keep our community sustainable, clean and safe. In closing, I want to thank the 49,000 people behind WM's success this quarter and every quarter. and now includes any person or entity who: irrespective of the selling technique used such as dealer, So that moderates and really starts to become a tailwind over the remainder of the year. Search. The county recognizes the importance of recycling and its effectiveness in reducing the volume of household waste that ends up in landfills and desires a robust recycling program available to all citizens predicated upon multiple choices at the lowest price possible. So we need to price it that way. The content of this article is intended to provide a general In the first quarter of 2023, we saw the best driver retention we've seen in two years. The county's convenience centers will be open seven days a week in late summer 2023. That's the subtlety of your model because so much of your business resets in the first half. That emphasizes our focus on people first, but that is a Q1-only event, and that's something else that will abate for the rest of the year. Kevin Chiang -- CIBC World Markets -- Analyst. When you sign up for a utility account with the city, you will receive both a garbage and recycling bin for one low monthly price. 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. A New Dimension To E-Waste Management In India: E-Waste Management I just wanted to confirm that all the guidance is intact, and in particular, including the collection and disposal yield, I think you guys have given us approaching 5.5% number. Please contact the CVWMA at 804-340-0900 to request free recycling stickers for containers you own. [Operator instructions] I would now like to hand the conference over to Ed Egl, senior director of investor relations. 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. But once we optimize it, then we become less reliant on labor. over the producers of specific category of waste for the treatment By using our website you agree to our use of cookies as set out in our Privacy Policy. But everything we're looking at still seems to be OK. [Operator instructions] Our first question comes from the line of Bryan Burgmeier with Citi. e-waste. modules or panels or cells, which are discarded as waste, So once those trucks come in, once we've talked to the customer base, we will transition those. So at the end of Q4, we were at $47. Why Is SoFi Stock Down After Earnings? recycling chain. I get that there are a variety of factors at play. introduction of mandatory recycling targets will play a significant Good morning. certificate and deferred liability has also been introduced, for Phone 877-466-4668. Excellent. Containers no longer needed can be brought to a Chesterfield Convenience Center at no cost for recycling. Our balance sheet is strong, and we remain well-positioned to fund growth investments. Recent tax policy discourse has seen carbon taxes' becoming a popular tool to tackle climate change, especially as a part of environmental, social and governance ("ESG") initiatives. as per Compulsory Registration Scheme of the Ministry of So I think if you look kind of pre-pandemic through the pandemic, we went from obviously historic averages to historic lows, right, in terms of driver retention and turnover for obvious reasons. It's actually -- well, one from last summer, which would be lower than the CPI that was at the end of the year. This program allows residents to recycle paper, cardboard, glass and plastic in a single container, while deferring waste from local landfills. Thank you. Composting is environmentally beneficial because it provides nutrients for your garden and is economical. Trash & Recycling Collection Reno, NV | WM - Waste Management The concept of EPR recycling certificate, refurbishing Additional details about the program may be found on the FDEP website. Our team of dedicated experts help learners to work towards a future where they succeed and enjoy communicating with others in French. Vous voyagez Paris ? Thank you. And so there was a delay in our recognition of those tax credit benefits until the third quarter of 2022. We have consistently emphasized the importance of post collection pricing and in Q1, we delivered yield of 8.9% of our transfer stations, and 5.4% for landfill MSW, both increases from last year. The commercial sector generates nearly three- fourths of the solid waste in California. 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. Yeah. RIN pricing would be one of those. So we're confident that we're going to maintain that true pass-through model that we've had over the last many, many years. Business and School Recycling. So we've said that we think PFAS is more of an opportunity than a risk for us. Our leverage ratio at the end of the first quarter was two times, which is well within our target ratio of between 2.5 and three times. Our next question comes from the line of Tony Bancroft with Gabelli. conformance to the reduction of hazardous substances provisions Log in Sign up Prefer to use your computer instead? These definitions provide clarity on the scope And so asset utilization, not necessarily where we like it to be. It's a good point, though, because RNG is a renewable fuel. India Tasks Take a virtual tour of a material recovery facility (MRF, pronounced murf) on CVWMA's Journey to the MRF webpage, which includes a video about recycling in central Virginia. So thanks for joining us this morning, and we'll see you next week. I mean, that's sort of a good canary in the coal mine about business activity. Leverage your professional network, and get hired. depended on the type of entity, turnover and number of 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. Carton Recycling Program. that lasts" i.e., "a path along which the maximisation of 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. Recycling service provider listcan advise on appropriate recycling service levels. 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. Thanks and I'll turn it over. Unfortunately, there are no registered sites in Easton. recycling or disposal. It's a great question, Jerry. Great. We were right on plan for the first quarter. New Internship jobs added daily. discarded as waste and the term 'bulk consumer' has been

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