Westford, USA, July 22, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Waste Management market will attain a value of $2.07 Trillion by 2031, with a CAGR of 5.4% over the forecast period (2024-2031). Waste management is the systematic collection, transportation, and disposal of waste materials caused by human activities. It is done to minimize the negative effects on health and the environment. The waste management market is driven by rise in the environment and societal problems. Governments of countr ...

The circular economy involves recycling, reusing, and repurposing products to extend their usable lifetime. Among the oil and gas industry's conventional products, plastics are the most relevant to the circular economy. The use of plastics has skyrocketed in the last few decades and has accelerated plastic pollution in the soil and aquatic environments. The ill effects of plastic waste and the limited nature of fossil fuels used for plastic production have prompted efforts to achieve sustainability with pla ...

Company Overview - Waste Management Inc. is a leading provider of comprehensive waste management services in North America, offering collection, transfer, recycling, resource recovery, and disposal services to various customer segments [7] - The company is also a prominent developer, operator, and owner of waste-to-energy and landfill gas-to-energy facilities in the United States [7] Investment Highlights - Waste Management (WM) has a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong investment potential [21] - The company's shares have increased by 6.9% over the past four weeks, reflecting positive momentum [8] - One analyst has revised their earnings estimate upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.02 to $7.31 per share [22] - WM has an average earnings surprise of 7%, suggesting a history of exceeding earnings expectations [22] Style Scores - WM has a Momentum Style Score of B, which is favorable for momentum investors [8] - The VGM Score combines value, growth, and momentum indicators, making it a comprehensive measure for assessing WM's investment attractiveness [16]

In the latest trading session, Waste Management (WM) closed at $223.32, marking a +1.1% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%. Heading into today, shares of the garbage and recycling hauler had gained 6.25% over the past month, outpacing the Business Services sector's gain of 0.5% and the S&P 500's gain of 4.43% in that time. Analysts and investors alike w ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $5.41 billion, up 5.7% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP c ...

VGM Score The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. That's where the Style Scores come in. Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too. Headquartered in Houston, Texas, Waste Management Inc. is a ...

Summary of Waste Management, Inc. Conference Call Company Overview - **Company**: Waste Management, Inc. (NYSE: WM) - **Event**: Stifel 2024 Cross Sector Insight Conference - **Date**: June 5, 2024 Key Points Industry Context - Waste Management operates in the environmental services sector, focusing on waste collection and disposal, including medical waste management [1][16]. Acquisition Details - Waste Management is in the process of acquiring Stericycle, a company specializing in medical waste management [1][15]. - The acquisition is viewed as a strategic move to enhance Waste Management's capabilities in the medical waste sector, which is projected to grow at 5% to 6% annually [19][20]. Financial Projections and Synergies - The expected timeline for closing the acquisition is approximately four to five months, barring any second requests from regulatory bodies [3][4]. - Waste Management aims to return to a target leverage ratio of 2.75 to 3 within 18 months post-acquisition [8]. - The acquisition is anticipated to generate significant synergies, including: - Reduction of duplicate public company costs estimated at $60 million [10]. - Streamlining IT systems, with potential savings of $25 to $30 million [10]. - Lean SG&A management, with expectations to reduce Stericycle's SG&A from 22% to closer to Waste Management's 9% [18][27]. Strategic Rationale - The acquisition is seen as a way to enhance operational efficiencies, particularly in routing and logistics, where Waste Management has invested heavily [17][18]. - There is a strong emphasis on cross-selling opportunities between Waste Management's existing services and Stericycle's offerings, particularly in the healthcare sector [22][33][59]. - Waste Management's leadership believes that the integration will allow for a broader suite of services, enhancing their competitive position in the market [34][45]. Market Position and Growth - Waste Management's solid waste business is expected to grow at 1% to 2% over the next decade, while the medical services business is projected to grow at a higher rate [20]. - The company is focused on maintaining a strong balance sheet and capital efficiency, which is expected to support continued growth in free cash flow [61][65]. International Considerations - Waste Management is not currently planning to expand aggressively into European markets but is open to exploring opportunities that may arise from Stericycle's existing international operations [70][72]. Conclusion - The acquisition of Stericycle is positioned as a strategic growth opportunity for Waste Management, with a focus on operational efficiencies, cost reductions, and enhanced service offerings in the medical waste sector [62][68]. The leadership is optimistic about the potential for synergies and the long-term growth trajectory of the combined businesses [66][67].

Waste Management, Inc. (NYSE:WM) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Ed Egl - Senior Director, Investor Relations Jim Fish - President and CEO John Morris - Executive Vice President and COO Devina Rankin - Executive Vice President and CFO Tara Hemmer - Senior Vice President and CSO Conference Call Participants Tyler Brown - Raymond James Bryan Burgmeier - Citi Jerry Revich - Goldman Sachs Sabahat Khan - RBC Capital Markets Hilary Lee - Morgan Stanley Michael Hoff ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Commission file number 1-12154 Waste Management, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer Delaware 73-1309529 incorporation or organization) Identification No.) 800 Capitol Street Suite 3000 Houston, Texas 77002 (Ad ...

HOUSTON — Apr. 24, 2024 — WM (NYSE: WM) today announced financial results for the quarter ended March 31, 2024. | | Three Months Ended March 31, 2024 | | Three Months Ended March 31, 2023 | | | --- | --- | --- | --- | --- | | | (in millions, except per share amounts) | | (in millions, except per share amounts) | | | | As Reported | As Adjusted | As Reported | As Adjusted | | Revenue | $5,159 | $5,159 | $4,892 | $4,892 | | Income from Operations | $1,016 | $1,014 | $825 | $828 | | Operating EBITDA | $1,530 | ...