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Waste Management, Inc. (WM) is North America's leading provider of integrated environmental solutions. Based in Houston, WM partners with communities and customers to manage and reduce waste from collection to disposal. The company focuses on recovering valuable resources and generating clean, renewable energy to minimize environmental impact.
WM tailors its services to meet the diverse needs of nearly 20 million municipal, commercial, industrial, and residential customers. Their extensive network includes 367 collection operations, 355 transfer stations, 273 active landfill sites, 16 waste-to-energy plants, 104 recycling facilities, and 111 beneficial-use landfill gas projects. This comprehensive infrastructure enables WM to offer consistent, high-quality service at the local level.
As the largest integrated provider of traditional solid waste services in the U.S., WM operates 263 active landfills and approximately 332 transfer stations. The company plays a crucial role in recycling efforts across North America, making significant contributions to sustainability and resource conservation.
Recent achievements highlight WM’s commitment to environmental performance and innovation. The company is engaged in projects designed to maximize resource value while minimizing environmental footprint. These efforts ensure that both the economy and the environment can flourish.
For the latest news and updates, visit the company's official website or follow their press releases.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) for National Guaranty Insurance Company of Vermont (NGIC), with a stable outlook. The ratings reflect NGIC's very strong balance sheet and strong operational performance. As Waste Management's (WM) captive insurance company, NGIC benefits from WM's robust risk management strategies. Although the expense ratio is unfavorable compared to peers, NGIC has effectively reduced underwriting expenses over the past five years, enhancing operational income.
WM (NYSE: WM) will redeem its 2.90% Senior Notes, totaling $500 million, due June 15, 2022. The redemption price will equal 100% of the principal plus accrued interest. Notifications are being sent to current note holders. This decision reflects WM's financial strategy to manage debt effectively. For any inquiries, note holders can contact The Bank of New York Mellon Trust Company. This announcement is not a securities offer.
WM (NYSE: WM) has declared a quarterly cash dividend of $0.65 per share, payable on June 17, 2022 to stockholders of record as of June 3, 2022. This reflects the company's ongoing commitment to return value to its shareholders.
As North America's largest comprehensive waste management provider, WM serves millions of customers through innovative environmental solutions, including recycling, renewable energy, and sustainable practices.
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.
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