Waste Management, Inc. - WM STOCK NEWS

WM (NYSE: WM) has declared a quarterly cash dividend of $0.75 per share. This dividend will be payable on September 27, 2024, to stockholders of record as of September 13, 2024. The announcement demonstrates WM's commitment to providing regular returns to its shareholders, which can be seen as a positive signal for the company's financial health and confidence in its future performance. Dividend payments are often viewed favorably by income-focused investors and can contribute to the overall attractiveness of a stock.

WM (NYSE: WM) reported strong Q2 2024 results, with revenue growing 5.5% to $5.402 billion. Adjusted operating EBITDA increased 10.3% to $1.618 billion, with margin expanding 130 basis points to a record 30.0%. The company's Collection and Disposal business saw robust growth, driven by a 6.8% core price increase. Net income rose to $732 million, with diluted EPS of $1.82 on an adjusted basis.

WM closed over $750 million in solid waste acquisitions through July and is progressing with its planned Stericycle acquisition. The company reaffirmed its increased full-year outlook for adjusted operating EBITDA between $6.375 and $6.525 billion, and free cash flow including sustainability investments between $2.0 and $2.15 billion.

WM (NYSE: WM) has announced the release of its second quarter financial results. The results will be available after market close on July 24, 2024. An investor conference call will follow on July 25, 2024, at 10 a.m. ET. To participate in the live audio webcast, visit investors.wm.com and navigate to the 'Events & Presentations' section. A replay of the webcast will be accessible at the same location after the call. Participants should register in advance to obtain dial-in details and passcodes. Additionally, WM will participate in various investor presentations and conferences throughout the year, with schedules available on their website.

Waste Management (NYSE: WM) has announced the pricing of a $1.5 billion public offering of senior notes, consisting of $750 million 4.950% notes due in 2027 and $750 million 4.950% notes due in 2031. The notes, guaranteed by Waste Management Holdings, have been rated A- by S&P and Fitch, and A3 by Moody's. Closing is expected on July 3, 2024, pending conditions. Proceeds will repay commercial paper borrowings and for other corporate purposes. Joint book-running managers include BNP Paribas, SMBC Nikko, Truist Securities, Wells Fargo, and others.

WM (NYSE: WM) will participate in the Stifel Cross Sector Insight Conference in Boston on June 5. The event includes a live audio webcast of a fireside chat with WM management at 8:35 a.m. ET, accessible through the company's investor relations website. A replay will be available post-event. WM frequently engages in investor presentations and conferences, with details provided on their website.

Waste Management (WM) has announced its acquisition of Stericycle, a leading provider of medical waste services, for $7.2 billion, including $1.4 billion in net debt. The acquisition price of $62 per share represents a 24% premium to Stericycle's 60-day average price. This move significantly enhances WM's environmental solutions in the healthcare sector, aiming to achieve more than $125 million in annual synergies and be accretive to earnings and cash flow within one year.

WM plans to finance the acquisition through a combination of bank debt and senior notes. The acquisition is expected to close by Q4 2024, pending regulatory and shareholder approvals.

WM, listed on the NYSE under the ticker symbol WM, has announced a quarterly cash dividend of $0.75 per share. This dividend is scheduled to be paid on June 21, 2024, to shareholders who are on record as of June 7, 2024.

Waste Management (WM) announces strong financial results for the first quarter of 2024, with a significant increase in revenue, operating EBITDA, and margin. The company exceeded expectations, showing growth in core prices and cost efficiencies. WM raised its full-year financial outlook, demonstrating confidence in sustained margin expansion and increased free cash flow. Key highlights include improved operating expenses, technology investments, and growth in the Collection and Disposal business. WM also completed significant projects in recycling and renewable energy, returning value to shareholders through share repurchases and dividends.

WM celebrates Earth Day at New York Stock Exchange Closing Bell and announces a major league baseball sustainability partnership. The company highlights its sustainability growth strategy with investments in recycling and renewable energy, becoming the Official Sustainability Partner of Major League Baseball. WM's senior leadership team will ring The Closing Bell® at the NYSE, emphasizing the company's commitment to environmental initiatives and strategic investments in expanding recycling and renewable energy infrastructure.