Snohomish County, including Unincorporated Snohomish County (South of The Gen Z doesn't want to drive trucks the way a Baby Boomer or Gen X did. If the technology -- the price point, by the way, is important to us. Share & Bookmark, Press Enter to show all options, press Tab go to next option, Emergency Rental Assistance Program (ERAP), Phillippi Creek Septic System Replacement, Arts and Cultural Alliance of Sarasota County, Proclamations and Certificates of Recognition, Transportation (Hurricane Evacuation Center), A Claim for Property Damage or Personal Injury. But it is worth saying that we view this as a big opportunity for us and for all landfill companies once they've kind of finally decided exactly how this is going to be handled. Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. Good morning. Turning to SG&A, we're pleased with the progress we're making to drive leverage from a more efficient cost structure. And now we're talking about much higher numbers, albeit in a higher inflation environment. Thanks for the question. So we are still sticking with our $70 and feel pretty confident in that. Tony Bancroft -- Gabelli Funds -- Analyst. I would tell you that as far as the overall macro economy, we've been looking at it closely because it seems as if every day, somebody comes out with a different projection. e-waste is, we need to constantly reimagine, revaluate, and notified the E-Waste (Management) Rules, 2022 on 2nd November 2022 Solid Waste Enclosures Guide and Design Considerations, Solid Waste How-To Guide for Residents in Sarasota County_ADAc, Items that do belong in your recycling containers, Items that do not belong in your recycling containers, Containers/items may be placed at the curb beginning at 5 p.m. the day, Empty containers should be brought in from the curb by 10 a.m.on the day, Otheritems that may be collected curbside are listed below. Right. product user documentation. But I would tell you this, first of all, I looked back. The investments we're making set us up to further differentiate our industry leading asset network and capabilities. ("Rules"), superseding the E-waste (Management) Rules, And it's got to be through technology. As Devina mentioned, we almost -- we delivered almost 500 trucks year to date versus 50 last year. Composting is environmentally beneficial because it provides nutrients for your garden and is economical. The term 'bulk consumer' has been widened and 2023 has started off as planned and we're pleased to have achieved our first-quarter targets. So normal seasonality is your margins are up about 200 basis points second quarter versus first quarter. Privacy Policy, Download the 2023 recycling collection schedule, Recycling Heroes: Sandston Elementary School, Central Virginia Recycled 57.9% of its Solid Waste in 2021. So $57 was our average in the month of March. I'm not sure they would define it any other way, at least at this point in time. Download the 2023 recycling collection schedule. We expected our first quarter to be the hardest comp on a year-over-year basis from commodity prices, and so we think most of that impact starts to abate beginning in Q2. Yeah. For rates and to request these services, visit wcnorthwest.com/bulky-items or call 360-892-5370. City of Stanwood - Waste Management Northwest *Pickups for over-sized waste must be scheduled at least 48 hours in advance with Waste Management. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. Get Free Compost / Mulch. But can you just expand -- and really nice to see the strong numbers, both in transfer stations and landfills. So I don't know really what the other folks reported, but I would tell you, there's no loss of discipline whatsoever. The good news is, like we said, there's almost 500 trucks that are on the ground, not in service yet. And on the landfill side, again, the cost of constructing and operating as landfills is not getting cheaper. SCHEDULE Trash is collected weekly. So we're doing a better job on SG&A than we actually anticipated. Producers are required to implement EPR targets, create Responsibility ("EPR"), a major chunk of it enters the So maybe it doesn't impact the cost line as much, but perhaps a surcharge line. Bryan, we are still looking to see $70 for 2023. But once we optimize it, then we become less reliant on labor. And then as we're getting into April, we're seeing that continue to improve. When you combine these strategic positioning -- when you combine this strategic positioning with the essential nature of our service, our diverse customer base and our recurring revenue streams, it provides confidence in our ability to continue to reach our strong financial projections over the long term. Changes to Curbside Recycling in 2023 Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. Ladies and gentlemen, I'm showing no further questions in the queue. We absolutely see that as something that our customers will receive well. And so asset utilization, not necessarily where we like it to be. Service holidays are Christmas Day, New Years Day, 4th of July, and Thanksgiving. Waste Management (WM) Q1 2023 Earnings Call Transcript Sat 9 am - 1 pm. When you sign up for a utility account with the city, you will receive both a garbage and recycling bin for one low monthly price. The requirement of annual return and maintaining records of As a regional leader in environmental stewardship, Chesterfield advocates, along with Central Virginia Waste Management Authority (CVWMA) and our regional partners, for reduction and reuse strategies to lower solid waste generated. Sustainability starts in the community. E-Waste Management Rules, 2022: An Overview, The New EU Carbon Border Tax- Key Points For Consideration Of Indian Exporters To EU, Legal Landscape Governing Manufacturing Of Electric Vehicles And Batteries*, Remedies Available Under Indian Legal Framework vis--vis Environmental Protection: An Overview, New Rules For Management Of Battery Waste: A Much-Awaited Change, Responsibility Of Importers Under E-Waste (Management) Rules, 2016, Patenting Of E-waste Recycling Technology In India, Echo Sierra Golf The Alphabets Of Change, How Carbon Trading Can Benefit The Agriculture Sector, New EV Battery Rules For Enhanced Safety And Performance, Asset Tracing and Fraud: New Challenges in India, Unitary Patent Court: A Step Forward in European Patent Law Harmonization, Mondaq Ltd 1994 - 2023. I mean, I'm just kind of scratching my head a little bit on how to apply some science to the model there. Or how are you thinking about that opportunity? e-waste to reduce the long-lasting impact on the environment. Electrification always comes to mind. Hi. Until these carts are delivered, customers in these localities may use any container of their choosing for recycling. But at the same time, we are continuing to look at other propulsion techniques, if you will. focused more on the producer's responsibility to collect back contain lead, mercury, and other hazardous substances beyond the RATP: Public transport in Paris and le-de-France: metro, RER, bus, tramway So we're pleased with that because I know there were a few that had questioned our $70 number, and that looks like it's probably going to hold. All right. other manufacturers or suppliers; or. No loose trash will be accepted. Net income, EPS, operating EBITDA, and margin and operating expense and margin results have been adjusted to enhance comparability by excluding certain items that management believes do not reflect our fundamental business performance or results of operation. Your line is open. Thank you. in a particular year and same shall be added to the target of the 2. We knew that there would be some upfront costs associated with integrating that business. They have to talk to our customers and make sure that they're comfortable with going to trash just being in one of those totters as opposed to everything sitting on the curve. In the first quarter, SG&A costs were essentially flat with the same period in the prior year, and spending as a percentage of revenue improved by 40 basis points to 9.7%. and reused. Super helpful as usual. In fact, the transfer station yield is a new high for that line of business, which is helping to offset, increasing cost of labor and transportation. Landfill volumes led the way with C&D volumes up almost 37% in the quarter, driven by the hurricane cleanup in Florida and MSW volumes increased by almost 3%. Our fleet strategy is evidenced by what we've done from diesel -- gen 1 diesel, gen 2 to CNG/RNG that we have the flexibility within our fleet plan to be able to pivot without really impacting the business. The trend has been good and it's what we anticipated. As we exited those numbers, went up past historic averages. As you continue to look to do M&A as well as you move forward with cost-cutting investments. . Just wanted to get that confirmation. And I said it a little bit earlier, but there's a real appreciation for the fact that especially landfill airspace is a precious commodity. These entities are So let me take that in pieces. How do I take advantage of that? which means that e-waste that is still functional can be repaired So we're getting traction even above that CPI number. First-quarter revenue grew 5% with continued strong organic growth in the collection and disposal business of 7%. Some of the key points of the E-waste Management Rules 2022 Our next question comes from the line of Noah Kaye with Oppenheimer. Yes! Recycling can be dropped off at either of the county's convenience centers at no charge. But as I said, most of that really comes in Q3 and Q4 when the year-over-year comparisons on commodity prices improve. recycling or disposal. No, So I think -- listen, we're thrilled that the supply chain and truck deliveries are starting to abate. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. Yeah. Sat 8 am-12 pm. Recyclable materials are collected every other week. It's really about permanently lowering our operating expense exposure. And then my last one, I got to kind of go back over this margin walk, there's a ton in there. discarded as waste and the term 'bulk consumer' has been Executing on these priorities will produce the robust short-term and long-term financial performance that we've projected. returns. Yeah. So sometimes we don't see the early signs. Garbage & Recycling | City of Vancouver, Washington, USA Time . Our next question comes from the line of Stephanie Moore with Jefferies. Great. Please refer to the earnings press release tables, which can be found on the company's website at www.wm.com for reconciliations to the most comparable GAAP measures and additional information about our use of non-GAAP measures and non-GAAP projections. India So we're confident that we're going to maintain that true pass-through model that we've had over the last many, many years. Our next question comes from the line of Tyler Brown with Raymond James. Accueil | Alliance Franaise Paris - le de France I just wanted to confirm that all the guidance is intact, and in particular, including the collection and disposal yield, I think you guys have given us approaching 5.5% number. Solid Waste & Recycling - Richland County Or has there been any change? It's a great question, Noah. John will cover an operating overview, and Devina will cover the details of the financials. Copy and paste this code into your website. Follow the journey of items collected in local residential (curbside) and drop-off recycling programs through the MRF and eventually back into retail stores. And it was not -- there wasn't one less workday. To print this article, all you need is to be registered or login on Mondaq.com. This program allows residents to recycle paper, cardboard, glass and plastic in a single container, while deferring waste from local landfills. The 40 basis point margin decline year over year is due to three things; one, commodity price impacts on our renewable energy and recycling businesses, which created a 50 basis point margin headwind. *Average returns of all recommendations since inception. Our leverage ratio at the end of the first quarter was two times, which is well within our target ratio of between 2.5 and three times. Click here to view the recycling schedule. You're seeing us price it that way. Your line is open. Please click here for the 2023 Waste Management pickup schedule. You have such a high percentage of the fleet on natural gas versus peers. a proper disclosure and compliance mechanism in place, it has So if you're using a renewable fuel to fuel a CNG truck, I don't think you have to be a mathematician to figure that out. I think the good news is two things. And how much room for improvement could there be based on the historical ranges of those metrics in prior downturns? Thanks so much. Thank you for the question. I think, Kevin, one important point here about electrification is that it's not a surprise to anybody on this call. Thanks and I'll turn it over. I don't know that we're hearing a lot about tech because I'm just not -- I think they're more focused on how do they keep drivers on the road. I would tell you, we don't talk about weather, but there was a handful of areas on the West Coast where we were shut down for a few days and some kind of really odd weather. Sean Eastman -- KeyBanc Capital Markets -- Analyst. Our collective focus continues to be striking the right balance between maximizing customer lifetime value and increasing price to recover higher costs. At this point, we're good with each element of the guidance. Chesterfields contract with CVWMA forcurbside recycling services ends on Saturday, July 1, 2023. pnwrsservices@wm.com. Perfect. Jim will cover high-level financials and provide a strategic update. As a reminder, we closed on about $365 million of acquisitions of solid waste and recycling businesses in the second half of the year. So I think what's important in giving color to the dilutive impact from the M&A that we saw in Q1, it really was twofold. 1,000+ Internship Jobs in Paris, le-de-France, France (8 new) - LinkedIn Manufacturers along with filing returns must collect e-waste Understood. Like any change in conversations that you're having with customers? Thanks for taking the questions. EPR mechanism under the 2016 Rules I don't know, Michael, we've seen a meaningful movement there. And maybe just the EPA did come out with, I guess, a phase 3 proposal on heavy-duty vehicles, looking to continue to drive to some sort of net zero target over time. So those are the things that give us confidence that the Q1 results of 40 basis points will exceed what you see for the remainder of the year. It has been, at this point, EPA has designated PFAS as a hazardous material. Mondaq uses cookies on this website. But this area turned their trucks back in and then we got delayed another 30 or 45 days on some of the delivery. And as you can imagine, those have very high turnover, somewhere in the neighborhood of 50% for those. . But when we look at our consumption, we don't just look at the collection line of business. I like the way you said that, Michael. But what's the mix of index versus open market? Click here for more information. Schedule additional curbside pickups, for a fee, any time of the year. Thank you. Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map | Line map. Just wondering how that positions you given the province -- if Ontario is looking to put in a producer responsibility legislation or as producer responsibility legislation? Extended Producer Responsibility (EPR): 6. Consulter le plan (PDF 1.09 Mo) Discover the Paris metro map. All Rights Reserved. . I mean, listen, we've talked a lot about our CNG, RNG strategy and obviously really pleased with the way that's gone and with the outlook of that is, especially as we continue to bring on these R&D plans. It's just everybody needs to understand it. You mentioned something -- I think you said 30 basis points from a fuel tax credit. It's a shrinking labor pool. So we're going to get a full complement of trucks this year, probably 1,500 to 1,600 is what we think. All other residents may also take advantage of rear door pick-up for a fee. Youtube on specified usage of EEE by entity, unlike earlier where it Youll only need to do it once, and readership information is just for authors and is never sold to third parties. So, John can address the cost side and what we're seeing so far. Welcome to Easton, MA ET. And apologies if I missed this, but are you still looking for a $70 a ton commodity basket for 2023? So that's encouraging. I know it historically don't, but I think it helps put in perspective Tyler's question. as per Compulsory Registration Scheme of the Ministry of I get that there are a variety of factors at play. Recycling Collection Services for Home | GFL Environmental Even as these important parts of our operations grow our solid waste business will continue to make up the lion's share of our earnings, projected to generate roughly 85% of operating EBITDA in 2026. Sarasota, FL 34236 Find your solid waste collection schedule, and use the. On the labor front, I said in my prepared comments, we were close to high single, low double digits, and that's moderated back down to mid-single digits. So look, Jim, I don't want to get into the comparison game, but one of your competitors showed core pricing accelerated in Q1. And then just on recycling, just trying to get some better gauges or indicators of demand. All Rights Reserved, manufactures or offers to sell EEE under its own brand; or, offers to sell under its own brand, assembled EEE produced by How is it trending now? Receive an email reminder a day before your collection. In yet another step towards sustainable growth, Government So we're certainly confident in that aspect of the guidance that we provided. This means food scraps are no longer . Free RecycleRight App - Better than EVER! become important for the companies to prepare themselves to comply I'll now turn the call over to Devina to discuss our financial results in further detail. Commercial Recycling & Waste Hazardous Waste Disposal Organic Recycling Recycling & Waste Residential Recycling & Waste Calendar LookUpTool Need help? Our disciplined organic revenue growth and focus on optimization and cost control are expected to drive year-over-year margin expansion for the remainder of the year, particularly in the third and fourth quarters. The Motley Fool has a disclosure policy. EPR is a policy-based approach wherein responsibility is casted There's some work that's involved with our public sector team. Further, Learn more about the curbside recycling transition by reading the, Explore our parks, facilities and programs, Find latest alerts, incidents and reports, Central Virginia Waste Management Authority, Tidewater Fibre Corporation (TFC) Recycling, Central Virginia Waste Management Authority (CVWMA), Email Waste and Resource Recovery Division, Freedom of Information Act Requests (FOIA). We've had a solid start to 2023 and look forward to building on our success. TTY: 7-1-1or 1-800-955-8771. Thanks. This will help in proper recycling and safe disposal of e-waste. Please enable JavaScript in your browser for a better user experience. Garbage, Recycling and Yard Waste | Martin County Florida Welcome to the Alliance Franaise de Paris! And so why fill them up with kind of low-priced tons when we can fill them up at a slower rate, maybe at higher price tons, preserve some of that airspace. New Internship jobs added daily. decline in future well-being". Garbage & Recycling Costs First Can + Recycling - $16.30 Second Can - $11.15 Extra Recycling Can - $4.15 Green Waste* - $6.60 With WM as your partner, you can count on reliable service and solutions that help keep our community sustainable, clean and safe. It's around 3% still. The new rules have set higher collection targets for And that is our expectation, is that the first quarter of 2023 had some margin pressures that we see as more related to 2023 specifically, such that the normal seasonal uptick that we see from a revenue perspective will provide the typical expansion. I think, Jerry, it's also worth mentioning that our team is, over the years -- the last couple of years has really come to appreciate the fact that landfill aerospace is a precious commodity and if you think about particularly the East Coast, that space doesn't come cheaply and it's -- there's a finite life to all of those.