Core Insights - WM is set to release its second-quarter 2025 results on July 28, with expectations of strong revenue growth and earnings performance [1][2]. Revenue Expectations - The Zacks Consensus Estimate for WM's revenues is $6.3 billion, reflecting a 17.4% increase from the same quarter last year [2]. - Revenue from the Collection segment is anticipated to be $4.7 billion, indicating a 13.7% year-over-year growth [3]. - Landfill revenues are estimated at $1.4 billion, suggesting a 9.5% increase compared to the previous year [3]. - The Transfer segment is projected to generate revenues of $692.5 million, representing a 12.1% rise year-over-year [3]. - The Recycling Processing and Sales segment is expected to bring in $535.8 million, marking a 12.8% increase from the prior year [4]. - WM Renewable Energy revenues are anticipated to reach $95.3 million, reflecting a significant 36.2% year-over-year growth [4]. - WM Healthcare Solutions is estimated to generate $278.2 million in revenues [4]. Earnings Performance - Adjusted EBITDA is projected at $1.9 billion, indicating a 16.3% growth from the same quarter last year [5]. - The consensus estimate for earnings per share (EPS) is $7.57, implying a 4.7% increase from the previous year [5]. - Strong margins and operational efficiency are expected to contribute positively to the bottom line [5]. Earnings Prediction - The model predicts an earnings beat for WM, supported by a positive Earnings ESP of +0.25% and a Zacks Rank of 3 (Hold) [6].

Company Performance - Waste Management (WM) ended the recent trading session at $229.30, showing a +1.46% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.14% [1] - The stock has decreased by 4.44% over the past month, underperforming the Business Services sector's loss of 4.21% and the S&P 500's gain of 3.97% [1] Upcoming Earnings - The company's earnings report is scheduled for July 28, 2025, with projected EPS of $1.89, indicating a 3.85% increase compared to the same quarter last year [2] - Quarterly revenue is expected to be $6.35 billion, reflecting a 17.52% increase from the year-ago period [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $7.58 per share and revenue at $25.54 billion, representing changes of +4.84% and +15.78% respectively from the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for Waste Management indicate changing near-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations [4] - The Zacks Consensus EPS estimate has seen a 0.05% decrease over the last 30 days, and Waste Management currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Waste Management is trading at a Forward P/E ratio of 29.83, which is a premium compared to the industry average Forward P/E of 28.07 [7] - The company has a PEG ratio of 2.99, higher than the Waste Removal Services industry's average PEG ratio of 2.6 [8] Industry Context - The Waste Removal Services industry is part of the Business Services sector and currently holds a Zacks Industry Rank of 180, placing it in the bottom 28% of over 250 industries [9]

Core Viewpoint - Waste Management is highlighted as a reliable investment opportunity with a strong market position and growth potential in the waste and recycling industry, despite the current hype surrounding AI and quantum computing stocks [1][2]. Company Overview - Waste Management is the largest waste and recycling company in North America, controlling nearly 20% of the U.S. and Canadian market [3]. - The company operates 262 landfills, 506 solid and medical waste transfer stations, and 105 recycling facilities [3]. Competitive Advantages - Waste Management benefits from significant barriers to entry, including public resistance to new landfills and regulatory protections, which create a wide moat around its operations [4][5]. - The company's brand recognition is superior to its competitors, providing a competitive edge in expanding national accounts and increasing e-commerce sales [6]. Growth Areas - **Sustainability Initiatives**: Waste Management is investing $1.4 billion to build or automate 39 recycling facilities by 2027 and $1.6 billion to construct 20 renewable natural gas (RNG) facilities [9][10]. Management anticipates a 15% sales growth from these initiatives through 2027, generating $600 million in annual free cash flow [11]. - **Healthcare Solutions**: The acquisition of Stericycle for $7.2 billion positions Waste Management to capitalize on the growing medical waste services market, expected to grow by 7% annually through 2028 [12][13]. Management has increased expected synergies from this acquisition from $125 million to $250 million [13]. Financial Performance - Waste Management has a return on invested capital (ROIC) of 14%, surpassing the peer average of 11%, and exceeds its cost of capital of 8% [14]. - The company currently offers a dividend yield of 1.4%, with a history of consistent increases, delivering total returns of 2,230% since 2000 [15][16]. The dividend payout ratio is 46% of net income, allowing room for future increases [16]. Valuation - Trading at 30 times forward earnings, Waste Management is considered to warrant a premium due to its resilient business model, wide moat, growth opportunities, and passive income potential [17].

Core Points - Arlington has transitioned to a new waste collection service provider, Waste Management, due to a strike by the previous provider, Republic Services [2][4] - The new contract is expected to save the town at least $10 million over its duration compared to the previous manual collection system [3] - The new waste collection system includes 65-gallon trash and recycling receptacles, which are designed for automatic pickup, improving efficiency and cleanliness [2][3] Summary by Sections Contract and Cost Efficiency - Arlington entered into a contract with Waste Management, which was deemed the most cost-efficient option for the town [2] - The expected savings from this contract are projected to be at least $10 million compared to the previous manual collection program [3] Implementation and Community Response - New 65-gallon trash and recycling receptacles were delivered to residents in June to facilitate the automatic pickup system [2] - Some residents have expressed dissatisfaction with the transition, describing it as a "trainwreck" due to issues related to the ongoing strike and delays in receiving new bins [4][6] Operational Guidelines - Residents are instructed to place their bins three feet away from the curb and from each other for effective pickup [3]

Core Viewpoint - Wallbridge Mining Company Limited announced positive results from the first phase of drilling at its Martiniere gold project, highlighting high-grade gold intercepts and the potential for further resource expansion [1][4][15]. Drilling Results - The first phase of the 2025 drilling program included 16 diamond drill holes totaling 7,225 meters, with results indicating significant gold mineralization across multiple zones [4][15]. - Notable intercepts include: - MR-25-123: 16.30 g/t Au over 1.5 m and 10.60 g/t Au over 2.1 m [3][12]. - MR-25-125: 23.38 g/t Au over 2.0 m, including 45.70 g/t Au over 1.0 m [3][12]. - MR-25-124: 6.83 g/t Au over 1.9 m, including 16.60 g/t Au over 0.7 m [3][12]. - True widths of the reported intervals are estimated to be 60-90% of the core length [2][20]. Exploration Potential - The exploration team is planning the next phase of drilling based on encouraging results and insights from the 2024 exploration program, with Phase II scheduled to begin later in July 2025 [1][4]. - The Martiniere gold system is believed to extend beyond the currently defined mineral resource, with ongoing exploration aimed at expanding this resource [1][5]. Project Location and Context - The Martiniere project is part of the larger 830 square kilometer Detour-Fenelon Trend property package in Northern Abitibi, Quebec, located near significant gold mining operations [15][18]. - The project has identified gold mineralization over an area of approximately 1,500 by 700 meters, with potential extending to depths of 800 to 900 meters [10][15]. Quality Assurance - Wallbridge maintains a robust Quality Assurance/Quality Control program for its exploration projects, ensuring the integrity of sampling and analysis processes [16].

Company Performance & Outlook - Waste Management CEO Jim Fish discusses the company's revenue mix [1] - The discussion includes the company's growth outlook [1] Industry Trends - The discussion covers consumer demand in the waste management sector [1] - The discussion includes managing medical waste [1] - The discussion includes labor trends in the industry [1]

Summary of Waste Management (WM) 2025 Investor Day Company Overview - **Company**: Waste Management (WM) - **Event**: 2025 Investor Day - **Date**: June 24, 2025 - **Key Speaker**: Jim Fish, CEO Core Industry Insights - **Industry**: Waste Management and Environmental Services - **Market Position**: WM is positioned as a leader in the waste management industry with a unique asset network and materials management expertise [19][24][34] Key Financial Metrics - **2024 Revenue**: $22.1 billion [19] - **2024 EBITDA**: $6.6 billion [19] - **Historical Performance**: - 3% revenue growth during the pandemic - 7% adjusted operating EBITDA growth during the pandemic - 14% free cash flow growth during the pandemic - 6% top-line growth from 2022 to 2024 - 9% EBITDA growth from 2022 to 2024 - 13% free cash flow growth from 2022 to 2024 [20][21] Strategic Focus Areas - **People First Leadership**: Emphasis on valuing employees and fostering a dynamic leadership team [17][18] - **Long-term Growth Strategy**: Focus on sustainable value creation through disciplined capital allocation and operational excellence [18][64] - **Customer-Centric Approach**: Commitment to customer service and satisfaction as a core business principle [32][34] Operational Excellence - **Cost Management**: Operating expenses as a percentage of revenue reduced from 65% to 60% [31][69] - **Technology Integration**: Implementation of advanced technologies to improve operational efficiency and safety [74][80] - **Fleet Optimization**: Use of telematics and real-time data to enhance fleet management and reduce downtime [84][86] Growth Platforms - **Sustainability Initiatives**: Planned investment of $3 billion in recycling and renewable natural gas (RNG) plants, with expected incremental free cash flow of $600 million to $630 million from these investments [45][46] - **Healthcare Solutions**: Expansion into healthcare waste management, leveraging demographic trends and increasing healthcare spending [47][54] Market Trends and Challenges - **Labor Market**: Addressing labor shortages through technology and automation, including the transition to automated side loaders and autonomous vehicles [58][62] - **Landfill Capacity**: Anticipating a reduction in landfill capacity over the next 20 years, while maintaining a competitive disposal network [36][38] Competitive Landscape - **Consolidation Opportunities**: Potential for tuck-in acquisitions within the industry, with a focus on expanding operations in underserved areas [42][44] - **Regulatory Expertise**: Leveraging regulatory knowledge to navigate industry challenges and enhance service offerings [34] Conclusion - **Investment Thesis**: WM is positioned for sustained growth through a combination of strong leadership, operational excellence, and strategic investments in sustainability and healthcare solutions [64]

Financial Performance and Targets - WM's 2024 adjusted operating EBITDA was $6.6 billion[24], and revenue was $22.1 billion[24] - The company is targeting $28.5 billion to $29.25 billion in revenue by 2027[330] - WM expects $8.85 billion to $9.15 billion in adjusted operating EBITDA by 2027[330] - The company anticipates $4.025 billion to $4.175 billion in free cash flow (before sustainability growth investments) by 2027[330] Sustainability Initiatives - WM has allocated approximately $1.4 billion in investments towards 39 new or automated recycling facilities[63] - These recycling investments are projected to add 2.8 million tons of annual recycling capability[63] - The company has invested ~$1.6 billion in RNG projects, aiming for the generation of 25 million incremental MMBtu annually[63] WM Healthcare Solutions (Stericycle Acquisition) - WM anticipates $250 million in annual run-rate cost synergies from the Stericycle acquisition by 2027[67, 297], doubling original expectations - The National Accounts segment has grown from $1.4 billion to $2.4 billion over the last five years[174] Operational Improvements and Market Dynamics - The company has achieved a core price spread to inflation of >300 bps[39, 162] - WM's frontline wages have increased by >29% over the past 5 years[73]

Waste Management, Inc. (NYSE: WM ) has good revenue growth potential in the near as well as long term. The weather-related disruptions that impacted revenue growth in Q1 2025 should no longerI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusing primarily on managing my own money and my purpose here is to share my views and ben ...

Company Performance - Waste Management (NYSE: WM) has shown consistent performance over the past 15 years, with a stock increase of over 380% in the last ten years [1] - The company successfully navigated the Great Recession with minimal impact on its operations [1] Analyst Background - The article mentions an undergraduate business student, Luke, who is involved in investment-related activities and aims to write about equities in various sectors [1] - Luke's focus includes long-term equities, momentum, and value investing, analyzing equities based on company fundamentals and macroeconomic conditions [1]