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. provides environmental solutions through subsidiaries that collect, recycle, transfer and dispose of waste for residential, commercial, industrial, medical and municipal customers. Its recurring updates cover collection and disposal performance, recycling infrastructure, organics, renewable energy from landfill gas, regulated medical waste services and secure information destruction across the U.S., Canada and Western Europe.
WM news also frequently reports quarterly and annual earnings, operating EBITDA and margin trends, pricing and cost-control initiatives, cash flow, dividends, share repurchase authorizations and capital allocation. Product and service updates include accepted recyclable materials, renewable natural gas projects and sustainability-related growth initiatives tied to the company’s disposal network, collection fleet and recycling operations.
Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.545 per share, scheduled for payment on December 18, 2020. Shareholders on record as of December 4, 2020 will receive this dividend. The company is a leader in waste management services across North America, providing collection, disposal, recycling, and landfill gas-to-energy solutions for various customer segments.
Waste Management (NYSE: WM) has announced the pricing of a $2.5 billion public offering of senior notes, which includes various maturities ranging from 2025 to 2050. The offering will close on November 17, 2020, subject to conditions. The net proceeds will be utilized for repaying outstanding borrowings under its credit facility and redeeming $400 million of 4.60% senior notes due March 2021. The offering is rated A- by S&P and BBB+ by Fitch. This strategic move follows the acquisition of Advanced Disposal Services, enhancing Waste Management's financial stability and operational capabilities.
Waste Management (NYSE: WM) announced the redemption of its entire $400 million 4.60% Senior Notes due 2021, with a redemption date set for December 3, 2020. The redemption price will be 100% of the principal amount plus accrued interest to the redemption date. Notices are being sent to registered holders of the notes. This press release is not an offering or solicitation for securities.
Waste Management is a leading provider of waste management services in North America, handling collection, transfer, disposal, recycling, and energy recovery.
Waste Management reported Q3 2020 financial results with revenue of $3.861 billion, a $99 million decline year-over-year. Despite volume declines of 5% in collection and disposal, adjusted operating EBITDA remained stable at $1.14 billion, demonstrating resilience. Net income was $390 million with diluted EPS at $0.92. The company expects to exceed adjusted operating EBITDA margin guidance of 28.0% to 28.5% and generate over $2 billion in free cash flow. The quarter also saw improved operating expense management and a focus on digitalization and cost efficiencies.
Waste Management (NYSE: WM) has completed its acquisition of Advanced Disposal on October 30, with a purchase price of $30.30 per share, totaling an enterprise value of $4.6 billion, including $1.8 billion of net debt. This acquisition expands Waste Management's customer base by approximately 3 million across 16 states, enhancing its sustainable waste management services. The transaction was funded through credit facilities, maintaining a strong balance sheet. Subsequently, Waste Management sold assets required by the U.S. Department of Justice to GFL Environmental.
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