Waste Management Stock Price, News & Analysis

WM (NYSE: WM) has announced the grand openings of four recycling and renewable natural gas (RNG) projects across the U.S., part of its $3 billion sustainability growth strategy for 2022-2026. The plan includes developing 39 new or upgraded recycling facilities and 20 new WM-owned RNG facilities.

The company has completed 8 out of 20 planned RNG facilities and 27 out of 39 planned recycling facilities, with more openings scheduled for 2025. Recent openings include upgraded recycling facilities near Baltimore and Central Texas, plus new RNG facilities in Chicago and Philadelphia areas, totaling $323 million in investments.

Once completed, the expanded network will add 2.8 million incremental tons of annual recycling capacity and 25 million MMBtu of renewable natural gas yearly. The facilities utilize AI and automation technology to increase material capture for reuse, while RNG facilities convert landfill gas into pipeline-quality renewable natural gas, potentially powering up to 1.7 million homes by 2026.

WM (NYSE: WM), North America's leading environmental solutions provider, has scheduled its first quarter 2025 earnings release for Monday, April 28, 2025, after market close. The company will host an investor conference call on Tuesday, April 29 at 10 a.m. ET.

The company maintains the largest disposal network and collection fleet in North America, operating over 12,000 natural gas trucks. WM serves millions of residential, commercial, industrial, medical, and municipal customers across the U.S. and Canada through its collection, recycling, and disposal services. The company is also the largest recycler of post-consumer materials and leads in landfill gas utilization, operating numerous renewable natural gas plants and landfill gas-to-electricity facilities.

WM (NYSE: WM) has announced its upcoming 2025 Investor Day, scheduled for Tuesday, June 24, at the New York Stock Exchange. The event will run from 9 a.m. to 12 p.m. EST, featuring presentations from key executive leadership including:

• Jim Fish, President and Chief Executive Officer
• John Morris, Executive Vice President and Chief Operating Officer
• Devina Rankin, Executive Vice President and Chief Financial Officer

The event will include interactive Q&A sessions with the audience. For those unable to attend in person, a webcast will be available live and for replay through the Events & Presentations section of the company's investor relations website at investors.wm.com. Additional registration and webcast details will be announced later.

WM (NYSE: WM) has declared a quarterly cash dividend of $0.825 per share. The dividend will be payable on March 28, 2025, to stockholders of record as of March 14, 2025.

WM reported strong financial results for Q4 and full-year 2024, with revenue reaching $22.06 billion and adjusted operating EBITDA of $6.56 billion. The company achieved a 30% margin for the first time in its history, driven by 6.7% core price growth and operational improvements.

Key developments include the completion of the $7.2 billion Stericycle acquisition, expanding into healthcare services, and the commissioning of four renewable natural gas facilities. The company now expects $250 million in synergies from Stericycle by 2027, double its original estimate.

For 2025, WM projects revenue of $25.55-25.80 billion (16.4% growth) and adjusted operating EBITDA of $7.45-7.65 billion (15% growth). The company plans to increase its annual dividend to $3.30 per share and expects leverage to reach approximately 3.1 times by year-end 2025.

WM (NYSE: WM) has scheduled its fourth quarter and full-year 2024 earnings release for Wednesday, January 29, 2025, after market close. The company will host an investor conference call on Thursday, January 30, 2025, at 10 a.m. ET. Investors can access the live audio webcast through the investors.wm.com website under 'Events & Presentations'. A replay will be available at the same location after the call. Participants joining via phone can pre-register to receive dial-in details and passcode.

WM (NYSE: WM) has announced a 10% increase in its quarterly dividend rate for 2025, raising it from $0.75 to $0.825 per share. This brings the annual dividend to $3.30 per share, marking the company's twenty-second consecutive year of dividend increases. The company paid over $1.2 billion in dividends to shareholders while funding strategic acquisitions, including Stericycle, and investing in renewable energy and recycling projects.

While WM has $1.24 billion remaining authorization for share repurchases, these have been temporarily suspended to focus on returning to targeted leverage levels within approximately 18 months after the Stericycle acquisition. The first increased dividend payment is expected in March 2025.

WM has declared a quarterly cash dividend of $0.75 per share. The dividend will be payable on December 20, 2024, to stockholders of record as of December 6, 2024.

WM's 2024 Recycling Report reveals critical insights into America's recycling landscape. The survey of over 1,000 consumers and businesses shows that while 44% of households seek to expand recycling practices, significant barriers exist. 45% cite lack of knowledge about recyclable items as their main obstacle, and rural areas face particular accessibility challenges. Notably, 75% of Americans prefer products with recycled content, though 60% struggle to identify such brands. WM is addressing these challenges through a $1.4 billion investment to upgrade and build approximately 40 recycling facilities between 2022 and 2026, while promoting education initiatives through partnerships with the National League of Cities and Major League Baseball.