We just covered Bill Gates’ 2026 Portfolio: Top 10 Stocks to Buy. Waste Management (NYSE:WM) ranks #2 (see the Bill Gates’ 2026 Portfolio: Top 5 Stocks to Buy). Waste Management (NYSE:WM) is a defensive, non-discretionary business with high customer retention and stable revenue. Waste Management (NYSE:WM) operates over 250 solid waste landfills across North America and has a durable moat since obtaining new landfill permits in the U.S. is extremely difficult. Its scale and long-term contracts allow Waste ...

Core Points - The Annual General Meeting of Lassila & Tikanoja Plc is scheduled for April 28, 2026, at 4:00 pm Finnish time, with registration starting at 3:00 pm [1] - Shareholders can vote in advance, and instructions for this are provided in the notice [2] - The meeting will be accessible via webcast, but participation through the webcast does not count as official attendance [3] Agenda Items - Presentation of the financial statements and reports for the year 2025 will be made [4] - The Board of Directors proposes a dividend of EUR 0.42 per share, to be paid in two installments of EUR 0.21 each [5][6] - The first dividend installment is scheduled for payment on May 8, 2026, while the second installment's record and payment dates will be determined later [7] Board of Directors - The Shareholders' Nomination Board proposes that the number of Board members remain at five [16] - Current members are proposed for re-election, with Jukka Leinonen as Chairman and Sakari Lassila as Vice Chairman [19][20] - The proposed remuneration for Board members includes EUR 70,000 for the Chairman, EUR 47,000 for the Vice Chairman, and EUR 35,000 for other members [18] Remuneration Policy - The Board proposes to adopt a revised Remuneration Policy for governing bodies, including changes to the variable remuneration components for the President and CEO [11] - The Remuneration Report for 2025 will be available on the company's website [9] Auditor and Assurance Provider - PricewaterhouseCoopers Oy is proposed for re-election as the Company's auditor, with Samuli Perälä as the principal auditor [24] - The same firm is also proposed for re-election as the Sustainability Reporting Assurance Provider [26] Share Repurchase and Issuance - The Board seeks authorization to repurchase up to 2,000,000 shares, approximately 5.2% of total shares, for various strategic purposes [27][29] - Authorization is also requested for issuing up to 2,000,000 new shares or special rights entitling to shares [31][32] Meeting Participation - Shareholders must register by April 23, 2026, to participate in the meeting, with various registration methods available [39][41] - Nominee registered shareholders must ensure temporary registration to participate [44][45] Additional Information - The total number of shares and votes in Lassila & Tikanoja Plc is 38,211,724 as of the notice date [55] - The minutes of the General Meeting will be available on the company's website by May 12, 2026 [36]

Group 1 - Perma-Fix Environmental Services, Inc. (PESI) reported disappointing Q4 results, but there is optimism for FY26 as the company's fortunes are expected to improve [2] - The company is focused on waste management and has been under observation for several years, indicating a long-term interest in its performance [2] - The service SHU Growth Portfolio offers a portfolio and watchlist of small, high-growth potential stocks, suggesting a strategy to identify companies with defensible competitive advantages and operational leverage [1] Group 2 - The analyst behind SHU Growth Portfolio has over 30 years of experience in financial markets and aims to find small companies with multi-bagger potential while managing risks through a diversified portfolio approach [2] - The service includes features such as buy alerts, weekend stock and market updates, and a chat room for community engagement [2] - The analyst maintains a beneficial long position in PESI, indicating confidence in the company's future performance despite recent results [2]

Core Viewpoint - GFL Environmental Inc. is set to release its Q1 2026 financial results on April 29, 2026, and will host an investor conference call on April 30, 2026, at 8:30 am Eastern Time [1]. Group 1 - The financial results will be released after market close on April 29, 2026 [1]. - The investor conference call can be accessed via the Company's Investors page or by dialing toll-free numbers in Canada and the United States [2]. - Participants are encouraged to pre-register for the conference call to gain immediate access [3]. Group 2 - GFL is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and 18 U.S. states [3]. - The company employs over 15,000 individuals [3].

Core Viewpoint - Casella Waste Systems, Inc. will participate in the Gabelli Funds 12th Annual Waste and Sustainability Symposium on April 9, 2026, highlighting its commitment to engaging with investors and stakeholders in the waste management and sustainability sectors [1]. Company Participation - The company’s management will present at the investor conference, indicating an active approach to investor relations and transparency [1]. - Presentation materials will be available prior to the event on the company's investor website, ensuring that investors have access to relevant information [1]. Access to Information - A live webcast link will be posted on the company's investor website, allowing broader access to the presentation for interested parties [1].

Core Viewpoint - The company is projected to achieve a main business revenue of HKD 27.52 billion in 2025, a year-on-year decrease of 9%, while the net profit attributable to shareholders is expected to reach HKD 3.93 billion, an increase of 16% year-on-year [1] Revenue Structure - The revenue structure continues to optimize, with operational revenue in 2025 expected to be HKD 19.83 billion (up 2% year-on-year), accounting for 72% of main revenue (an increase of 8 percentage points) [1] - Construction revenue is projected to be HKD 2.72 billion (down 53%), making up 10% of main revenue (a decrease of 9 percentage points) [1] - Financial revenue is expected to be HKD 4.97 billion (down 2%), representing 18% of main revenue (an increase of 1 percentage point) [1] Financial Performance - Financial expenses are expected to decrease to HKD 2.39 billion in 2025, down HKD 613 million year-on-year [1] - Impairment losses are projected to narrow, with provisions for receivables and contract assets estimated at HKD 449 million (down from HKD 544 million in 2024) [1] - Total impairment for goodwill, property, and equipment is expected to be HKD 881 million (down from HKD 1.44 billion in 2024) [1] Segment Performance - In the environmental energy segment, operational revenue is expected to be HKD 10.15 billion (up 4%), with construction revenue at HKD 1.30 billion (down 49%) and financial revenue at HKD 3.54 billion (down 3%) [2] - The environmental energy segment is projected to contribute HKD 4.51 billion to net profit (up 17%) due to savings in financial expenses and operational efficiency [2] - The green environmental segment is expected to contribute HKD 87 million to net profit (up from a loss of HKD 285 million in 2024) [3] - The environmental water segment is projected to contribute HKD 602 million to net profit (down 26%) due to a decline in construction service profitability [3] Cash Flow and Dividends - Free cash flow is expected to significantly increase to HKD 10.13 billion (up from HKD 4.04 billion in 2024) [4] - The dividend per share is projected to be HKD 0.27 (up 17%), with a payout ratio increasing to 42.3% (up 0.5 percentage points) [4] - The company anticipates a stable operating cash flow of HKD 11.5 billion under conservative estimates, with capital expenditures of HKD 3.5-4 billion [4] Profit Forecast and Investment Rating - The company has revised its net profit forecasts for 2026-2027 upwards to HKD 4.16 billion and HKD 4.27 billion, respectively, with an expected net profit of HKD 4.37 billion in 2028 [5] - The projected price-to-earnings ratios for 2026-2028 are 8, 7, and 7 times, respectively, with a current price-to-book ratio of 0.61, maintaining a "buy" rating [5]

Fourth-quarter gross profit was $1.2 million compared with $594,000 in the prior-year quarter. For the full year, gross profit increased by $6.0 million, driven largely by higher treatment revenue and improved margins, partially offset by increased fixed plant costs, Naccarato said.Naccarato attributed the annual improvement primarily to treatment, with treatment segment revenue up $10.1 million for the year, while the services segment declined $7.6 million due to the timing of project startups and awards.C ...

Financial Data and Key Metrics Changes - For the fourth quarter of 2025, total revenue from continuing operations was $15.7 million, an increase of $1 million or 6.9% compared to the previous year [26] - For the full year 2025, revenue totaled approximately $61.7 million, reflecting a 4.3% increase from $59.1 million in 2024 [26] - Treatment segment revenue increased by $10.1 million year-over-year, while the Services segment revenue decreased by $7.6 million [27] - Gross profit for the fourth quarter was $1.2 million, up from $594,000 in Q4 2024, with treatment segment gross profit increasing significantly [27] - The net loss for the fourth quarter was $5.7 million, compared to a net loss of $3.5 million in the prior year [29] Business Line Data and Key Metrics Changes - Treatment revenue increased approximately 29% year-over-year due to higher waste volumes and improved pricing dynamics [13] - Services segment revenue declined due to lower project mobilizations and timing of project startups [20] - The waste treatment backlog increased to $11.9 million, up from $7.9 million in the prior year, indicating growing demand for treatment capabilities [33] Market Data and Key Metrics Changes - Revenue from international activities increased approximately 163% year-over-year to $6.4 million, reflecting strong global demand for waste treatment services [15] - The company anticipates sustainable waste streams from Hanford remediation programs, which are expected to generate consistent long-term treatment demand [12] Company Strategy and Development Direction - The company is focused on strengthening its operational foundation and positioning for growth tied to the Department of Energy's Hanford cleanup mission [5] - Significant investments have been made in personnel, infrastructure, and plant capabilities to support increased waste volumes [6] - The renewal of the permit for the Perma-Fix Northwest facility significantly expands processing capacity, tripling liquid processing capacity to approximately 1.2 million gallons annually [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second quarter of 2026, expecting a ramp-up in activity due to new waste streams and project mobilizations [42] - The anticipated waste streams from the DFLAW program are expected to grow above original estimates by as much as 20% [9] - Management highlighted the long-term opportunity presented by the Hanford tank contractor's RFP for grouting and off-site disposition of waste [23] Other Important Information - The company is advancing the development of its PFAS destruction technology, with a new system expected to increase capacity significantly [18] - The company has secured several field projects supporting PFAS remediation, indicating strong interest in its technology [19] Q&A Session Summary Question: Can you give us a better sense of Q2 performance? - Management expressed confidence in Q2 based on new contract awards and mobilization of projects that will generate waste for processing [36] Question: Can you comment on the grouting plans for the Hanford Site? - Management clarified that there are two components to the Hanford Site, with plans for commercial grouting of tanks in the West Area and supplemental grouting opportunities in the East Area [43][44] Question: What is the current capacity for PFAS treatment? - The original unit is operating commercially, treating waste streams while the second unit is being built, expected to increase capacity to 3,000 gallons a day [72]

Financial Data and Key Metrics Changes - For the fourth quarter of 2025, total revenue from continuing operations was $15.7 million, an increase of 6.9% from $14.7 million in the same quarter last year [26] - For the full year 2025, revenue totaled approximately $61.7 million, reflecting a 4.3% increase from $59.1 million in 2024 [26] - Treatment segment revenue increased by $10.1 million year-over-year, while the Services segment revenue decreased by $7.6 million [27] - Gross profit for Q4 2025 was $1.2 million, up from $594,000 in Q4 2024, while for the full year, gross profit increased by $6 million [27][28] - The net loss for Q4 2025 was $5.7 million compared to a net loss of $3.5 million in the prior year, while the annual net loss was $13.8 million, an improvement from $20 million in 2024 [29][30] Business Line Data and Key Metrics Changes - The Treatment segment saw a revenue increase of approximately 29% year-over-year due to higher waste volumes and improved pricing dynamics [13] - The Services segment experienced a decline in revenue primarily due to lower project mobilizations and timing of project startups [20] - International revenue increased by approximately 163% year-over-year, reaching about $6.4 million, indicating growing global demand for specialized waste treatment services [15] Market Data and Key Metrics Changes - The anticipated waste streams from the DFLAW program are expected to grow by as much as 20% due to changes in process flow [9] - The Hanford remediation programs are projected to generate sustainable waste streams over time, creating consistent long-term treatment demand [12] Company Strategy and Development Direction - The company is focused on strengthening its operational foundation and positioning for growth tied to the Department of Energy's Hanford cleanup mission [5] - Significant investments have been made in personnel, infrastructure, and plant capabilities to support increased waste volumes [6] - The renewal of the permit for the Perma-Fix Northwest facility significantly expands processing capacity, tripling liquid processing capacity to approximately 1.2 million gallons annually [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Q2 2026, anticipating stronger activity levels and revenue growth due to new project mobilizations and increased waste receipts [42] - The transition of the DFLAW system into its operational phase is expected to be a catalyst for increased activity at the Northwest facility [81] - Management acknowledged that while there may be near-term variability in quarterly results, the long-term growth opportunities have never been stronger [81] Other Important Information - The company is advancing the development of its PFAS destruction technology, with a new system expected to increase capacity significantly [18][19] - The company has secured several field projects supporting PFAS remediation, indicating strong interest in its technology as an alternative to traditional disposal methods [20] Q&A Session Summary Question: Can you give us a better sense of Q2 performance? - Management expressed confidence in Q2 based on a strong backlog of projects and new contract awards, including a demolition project for a radiological facility [36][37] Question: Can you comment on the grouting program? - Management clarified that the DOE plans to grout waste from the West Area and is set to begin high-volume grouting, with Perma-Fix well-positioned for this opportunity [43][44] Question: Where are we headed with PFAS volume and capacity? - Management confirmed that the new system is expected to be operational by late April, with a capacity of about 3,000 gallons a day [47][48] Question: Can you talk about cash flow expectations and CapEx for 2026? - Management indicated that the balance sheet remains in good shape, with ongoing capital initiatives to support increased productivity [66]

Financial Data and Key Metrics Changes - For the full year 2025, total revenue was approximately $61.7 million, an increase of 4.3% from $59.1 million in 2024 [25][26] - In Q4 2025, total revenue was $15.7 million, up 6.9% from $14.7 million in Q4 2024 [25] - Treatment segment revenue increased by approximately 29% year-over-year, while services segment revenue decreased due to lower project work [13][26] - Gross profit for Q4 2025 was $1.2 million, compared to $594,000 in Q4 2024, with significant improvements in the treatment segment [26] - The net loss for Q4 2025 was $5.7 million, compared to a net loss of $3.5 million in the prior year [28] Business Line Data and Key Metrics Changes - Treatment segment revenue for the year increased by $10.1 million, while services segment revenue dropped by $7.6 million [26] - Treatment backlog increased by approximately 51% year-over-year to about $1.9 million, indicating growing demand for specialized treatment capabilities [13] - International revenue increased by approximately 163% year-over-year to about $6.4 million, reflecting strong global demand for waste treatment services [14] Market Data and Key Metrics Changes - The anticipated waste streams from the DFLAW program are expected to grow by as much as 20% due to changes in process flow [9] - The Hanford remediation programs are expected to generate sustainable waste streams over time, creating consistent long-term treatment demand [12] Company Strategy and Development Direction - The company is focused on strengthening its operational foundation and positioning for growth tied to the Department of Energy's Hanford cleanup mission [5] - Significant investments have been made in personnel, infrastructure, and plant capabilities to support increased waste volumes [6] - The renewal of the permit for the Perma-Fix Northwest facility significantly expands processing capacity, tripling liquid processing capacity to approximately 1.2 million gallons annually [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Q2 2026, anticipating stronger activity levels and increased waste receipts [40] - The transition of the DFLAW system into its operational phase is expected to be a catalyst for increased activity at the Northwest facility [80] - Management highlighted the long-term opportunity presented by the Hanford tank contractor's RFP for grouting and off-site disposition of waste [21] Other Important Information - The company is advancing the development of its PFAS destruction technology, with a new system expected to increase capacity significantly [17][19] - The services segment experienced a decline due to project timing and procurement cycles, but there are opportunities tied to nuclear services and government remediation programs [20] Q&A Session Summary Question: Can you give us a better sense of Q2 performance? - Management expressed confidence in Q2 based on new contract awards and mobilization of projects that will generate waste [34][35] Question: Can you comment on the grouting plans for the Hanford Site? - Management explained the different components of the Hanford Site and the aggressive plans for grouting waste, with significant opportunities for the company [41][42] Question: What is the current status of PFAS treatment capacity? - The original unit is operational, treating waste streams while the second unit is being built, expected to increase capacity significantly [67][70]