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.
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). The ratings outlook is stable, reflecting NGIC's strong balance sheet and operating performance, as well as effective risk management. However, a substantial portion of policyholder surplus is loaned back to Waste Management (WM), which has affected liquidity. Nonetheless, WM's robust financials offer a safety net. Negative actions could arise if NGIC's financial strength declines significantly or if WM faces credit profile deterioration.
Waste Management (NYSE: WM) is hosting Career Day events on May 21-22 to fill frontline driver and technician roles. The company introduces new employee benefits, including flexible work schedules, sign-on bonuses, and the 'Your Tomorrow' education program in partnership with Guild Education, allowing nearly 36,000 employees to access over 170 fully-funded educational programs. The events aim to attract new talent and support existing employees’ growth. This initiative showcases WM's commitment to reskilling and upskilling, enhancing its position as an employer of choice in the industry.
Waste Management, Inc. (NYSE: WM) announced a cash offer to purchase $1.29 billion in aggregate principal amount of senior notes. The notes include various maturities and fixed spreads compared to U.S. Treasury securities. The offer starts with a total consideration based on market practices, with payments expected post-Early Tender Time on May 13, 2021. The firm has engaged major financial institutions as dealer managers and urges noteholders to read the Offer to Purchase for crucial information. The transaction is aimed at optimizing its capital structure.
Waste Management, Inc. (NYSE: WM) announced early tender results for its offer to purchase up to $950 million in senior notes, which has now been increased to $1.29 billion. The offer, set to expire on May 25, 2021, saw valid tenders exceed the maximum amount, leading to the acceptance of all notes with priority levels 1 through 10. The company will also announce pricing later today, with all accepted notes to receive accrued interest. The offer remains strictly subject to the conditions outlined in the Offer to Purchase dated April 28, 2021.
Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.575 per share, which will be payable on June 18, 2021 to shareholders of record as of June 4, 2021. This dividend reflects the company's commitment to returning value to its shareholders. Waste Management is a leading provider of waste management and environmental services in North America, including collection, disposal, and recycling services across the United States and Canada.
Waste Management (NYSE: WM) has priced a $950 million public offering of senior notes as part of a previously filed registration statement. The offering includes two tranches: $475 million of 2.00% senior notes due June 1, 2029, and $475 million of 2.95% senior notes due June 1, 2041, guaranteed by subsidiary Waste Management Holdings, Inc. Ratings for the notes are A- (S&P), BBB+ (Fitch), and Baa1 (Moody's). Proceeds will fund a tender offer for existing notes and general corporate purposes, with the offering closing on May 12, 2021.
Waste Management (NYSE: WM) announced an offer to purchase up to $950 million of its senior notes through its subsidiary, WMH. The offer will accept validly tendered notes on a pro-rata basis according to set priority levels. Notably, the offer is not contingent on a minimum principal amount being tendered, yet it caps purchases at the stated maximum. The indicative timetable outlines key dates, including the early tender deadline of May 11, 2021 and expiration on May 25, 2021. Interested holders are advised to review the terms set in the Offer to Purchase.
Waste Management (NYSE: WM) reported a strong financial performance for Q1 2021, with revenue of $4.112 billion, a 10.3% increase year-over-year. Adjusted operating EBITDA grew over 14% to $1.161 billion, achieving an operating EBITDA margin of 28.2%. Net income rose to $450 million, or $1.06 per diluted share. The company increased its 2021 guidance for revenue, adjusted operating EBITDA, and free cash flow, projecting 12.5% to 13% revenue growth. Additionally, annual run-rate synergies from the Advanced Disposal integration were revised to $130 million, exceeding initial expectations.
Waste Management, Inc. (NYSE: WM) is scheduled to release its first quarter 2021 financial results on April 27, 2021, before market opening. An investor conference call will follow at 10 a.m. ET, accessible via live audio webcast on the company's investor relations website or through phone. A replay of the call will be available until May 11, 2021. As the leading provider of waste management services in North America, Waste Management offers a range of services including collection, disposal, and recycling to residential, commercial, and municipal customers.
Waste Management (NYSE: WM) has elected Sean Menke and Maryrose Sylvester to its board of directors, effective immediately. Menke, CEO of Sabre Corporation, brings extensive experience from the technology and airline sectors, while Sylvester, former U.S. Managing Director at ABB Group, has a strong background in innovation and electrification. Chair Thomas Weidemeyer emphasized the value of their leadership skills in enhancing the board's capabilities. Menke will join the Audit Committee, and Sylvester will serve on the Management Development and Compensation Committee, expanding the board to 10 members, with nine independent directors.