Welcome to our dedicated page for Waste Management news (Ticker: WM), a resource for investors and traders seeking the latest updates and insights on Waste Management stock.
Waste Management, Inc. (WM) is North America's leading provider of comprehensive environmental solutions, driving innovation in waste collection, recycling, and renewable energy generation. This page serves as the definitive source for tracking WM's latest corporate announcements, financial disclosures, and sustainability initiatives.
Investors and stakeholders will find timely updates on earnings reports, strategic partnerships, and operational developments that shape WM's position in the environmental services sector. Our curated news collection prioritizes material events impacting financial performance and industry leadership.
The repository includes press releases covering landfill innovations, recycling rate improvements, and community partnerships; financial filings detailing quarterly results and capital allocations; and operational updates on waste-to-energy projects and regulatory compliance achievements.
Bookmark this page for direct access to WM's official communications, maintained to support informed decision-making. Regularly updated content ensures you stay current with developments affecting one of North America's most essential environmental infrastructure providers.
Waste Management reported financial results for Q4 and the year ending December 31, 2020, showing revenue of $4.067 billion, a 5.7% increase from $3.846 billion in Q4 2019. Adjusted operating EBITDA rose 4.1% year-over-year, with an adjusted operating EBITDA margin of 28.1%. For the year, revenue totaled $15.218 billion, down from $15.455 billion in 2019. Notably, free cash flow surged to $2.66 billion, up from $2.11 billion in 2019. The company forecasts revenue growth between 10.75% and 11.25% for 2021, with adjusted operating EBITDA expected between $4.75 billion and $4.9 billion.
Waste Management (NYSE: WM) is set to release its fourth quarter and full-year 2020 financial results before market opening on February 18, 2021. An investor conference call will follow at 10 a.m. ET, available via a live audio webcast at investors.wm.com. The replay of this call will be accessible through March 4. Waste Management, based in Houston, is North America's leading provider of waste management services, offering collection, disposal, and recycling solutions for residential and commercial customers.
Waste Management (WM) announced a 5.5% increase in its quarterly dividend rate for 2021, from $0.545 to $0.575 per share, raising the annual rate from $2.18 to $2.30. Additionally, the Board approved a $1.35 billion stock buyback, replacing the previous $1.5 billion authorization. This marks 18 consecutive years of dividend increases, attributed to strong business performance and free cash flow generation. The first increased dividend is expected to be declared in February 2021.
Waste Management has earned a position on the CDP's prestigious ‘A List’ for corporate sustainability for the fifth consecutive year. This recognition highlights the company's commitment to cutting emissions and mitigating climate risks, with a goal to reduce, offset, and avoid emissions by four times by 2038. Currently, Waste Management's low-carbon initiatives already mitigate three times their operational emissions. Out of 5,800+ companies evaluated, Waste Management stands out for its environmental transparency and leadership, contributing to the global fight against climate change.
Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.545 per share, scheduled for payment on December 18, 2020. Shareholders on record as of December 4, 2020 will receive this dividend. The company is a leader in waste management services across North America, providing collection, disposal, recycling, and landfill gas-to-energy solutions for various customer segments.
Waste Management (NYSE: WM) has announced the pricing of a $2.5 billion public offering of senior notes, which includes various maturities ranging from 2025 to 2050. The offering will close on November 17, 2020, subject to conditions. The net proceeds will be utilized for repaying outstanding borrowings under its credit facility and redeeming $400 million of 4.60% senior notes due March 2021. The offering is rated A- by S&P and BBB+ by Fitch. This strategic move follows the acquisition of Advanced Disposal Services, enhancing Waste Management's financial stability and operational capabilities.
Waste Management (NYSE: WM) announced the redemption of its entire $400 million 4.60% Senior Notes due 2021, with a redemption date set for December 3, 2020. The redemption price will be 100% of the principal amount plus accrued interest to the redemption date. Notices are being sent to registered holders of the notes. This press release is not an offering or solicitation for securities.
Waste Management is a leading provider of waste management services in North America, handling collection, transfer, disposal, recycling, and energy recovery.
Waste Management reported Q3 2020 financial results with revenue of $3.861 billion, a $99 million decline year-over-year. Despite volume declines of 5% in collection and disposal, adjusted operating EBITDA remained stable at $1.14 billion, demonstrating resilience. Net income was $390 million with diluted EPS at $0.92. The company expects to exceed adjusted operating EBITDA margin guidance of 28.0% to 28.5% and generate over $2 billion in free cash flow. The quarter also saw improved operating expense management and a focus on digitalization and cost efficiencies.
Waste Management (NYSE: WM) has completed its acquisition of Advanced Disposal on October 30, with a purchase price of $30.30 per share, totaling an enterprise value of $4.6 billion, including $1.8 billion of net debt. This acquisition expands Waste Management's customer base by approximately 3 million across 16 states, enhancing its sustainable waste management services. The transaction was funded through credit facilities, maintaining a strong balance sheet. Subsequently, Waste Management sold assets required by the U.S. Department of Justice to GFL Environmental.
