Waste Management, Inc. - WM STOCK NEWS

Waste Management (NYSE: WM) has priced a public offering of $1 billion in senior notes at 4.15% due April 15, 2032. The notes are guaranteed by Waste Management Holdings, Inc. The offering, which closes on May 12, 2022, aims to use proceeds to redeem $500 million of 2.90% senior notes due 2022, and for general corporate purposes. The notes received ratings of A- from S&P, BBB+ from Fitch, and Baa1 from Moody's.

WM (NYSE: WM) reported strong first-quarter financial results for 2022, with revenues reaching $4.661 billion, a growth of 13.4% year-over-year. Operating EBITDA also saw a double-digit increase, totaling $1.250 billion, and net income rose to $513 million. The diluted EPS improved to $1.23, compared to $0.99 in the same quarter last year. The company effectively managed operating expenses and returned $525 million to shareholders through dividends and share repurchases. Overall, key performance indicators suggest continued positive economic activity.

Waste Management (WM) will release its first quarter 2022 financial results on April 26, 2022, before market opening. An investor conference call will follow at 10 a.m. ET, which can be accessed via investors.wm.com or through a dial-in option. A replay of the call will be available until May 10, 2022. Waste Management is a leading provider of waste management services in North America, serving residential, commercial, industrial, and municipal customers.

Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.65 per share. This dividend will be payable on March 31, 2022, to stockholders of record as of March 17, 2022. As a leading provider of comprehensive waste management services across North America, Waste Management continues to demonstrate its commitment to returning value to shareholders. The announcement highlights the company's stability and ongoing profitability in the waste management sector.

Waste Management, Inc. (NYSE: WM) reported record revenue and income for the year ended December 31, 2021. Revenue reached $17.93 billion, up from $15.22 billion in 2020, while net income rose to $1.82 billion from $1.50 billion. The company generated $4.34 billion in net cash from operations, an increase from $3.40 billion in 2020. Management expects 2022 revenue growth of 5.8% to 6.2% and plans to return $2.32 billion to shareholders through dividends and share buybacks. Capital expenditures for growth projects are expected to total over $1.5 billion through 2025.

WM Organic Growth, a subsidiary of Waste Management (WM), partnered with Tailwater Capital to establish a joint venture supporting Continuus Materials. This collaboration aims to enhance production facilities in the waste-to-product sector. The initiative focuses on upcycling municipal solid waste into Everboard™, an eco-friendly roofing material. The first production plant is projected to produce over 150 million square feet of Everboard™ annually within three years. This venture reflects WM's commitment to sustainable solutions as it seeks to reduce landfill waste and greenhouse gas emissions.

Waste Management, Inc. (NYSE: WM) plans to announce its fourth quarter and full-year 2021 financial results on February 2, 2022, prior to market opening. An investor conference call will follow at 10 a.m. ET. A live audio webcast will be accessible via the company's investor website. For those unable to attend live, a replay will be available until February 16. Waste Management is a leading provider of waste management services across North America, including collection, transfer, disposal, and recycling.