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.
WM (NYSE: WM) has declared a quarterly cash dividend of $0.75 per share. This dividend will be payable on September 27, 2024, to stockholders of record as of September 13, 2024. The announcement demonstrates WM's commitment to providing regular returns to its shareholders, which can be seen as a positive signal for the company's financial health and confidence in its future performance. Dividend payments are often viewed favorably by income-focused investors and can contribute to the overall attractiveness of a stock.
WM (NYSE: WM) reported strong Q2 2024 results, with revenue growing 5.5% to $5.402 billion. Adjusted operating EBITDA increased 10.3% to $1.618 billion, with margin expanding 130 basis points to a record 30.0%. The company's Collection and Disposal business saw robust growth, driven by a 6.8% core price increase. Net income rose to $732 million, with diluted EPS of $1.82 on an adjusted basis.
WM closed over $750 million in solid waste acquisitions through July and is progressing with its planned Stericycle acquisition. The company reaffirmed its increased full-year outlook for adjusted operating EBITDA between $6.375 and $6.525 billion, and free cash flow including sustainability investments between $2.0 and $2.15 billion.
WM (NYSE: WM) has announced the release of its second quarter financial results. The results will be available after market close on July 24, 2024. An investor conference call will follow on July 25, 2024, at 10 a.m. ET. To participate in the live audio webcast, visit investors.wm.com and navigate to the 'Events & Presentations' section. A replay of the webcast will be accessible at the same location after the call. Participants should register in advance to obtain dial-in details and passcodes. Additionally, WM will participate in various investor presentations and conferences throughout the year, with schedules available on their website.
Waste Management (NYSE: WM) has announced the pricing of a $1.5 billion public offering of senior notes, consisting of $750 million 4.950% notes due in 2027 and $750 million 4.950% notes due in 2031. The notes, guaranteed by Waste Management Holdings, have been rated A- by S&P and Fitch, and A3 by Moody's. Closing is expected on July 3, 2024, pending conditions. Proceeds will repay commercial paper borrowings and for other corporate purposes. Joint book-running managers include BNP Paribas, SMBC Nikko, Truist Securities, Wells Fargo, and others.
WM (NYSE: WM) will participate in the Stifel Cross Sector Insight Conference in Boston on June 5. The event includes a live audio webcast of a fireside chat with WM management at 8:35 a.m. ET, accessible through the company's investor relations website. A replay will be available post-event. WM frequently engages in investor presentations and conferences, with details provided on their website.
Waste Management (WM) has announced its acquisition of Stericycle, a leading provider of medical waste services, for $7.2 billion, including $1.4 billion in net debt. The acquisition price of $62 per share represents a 24% premium to Stericycle's 60-day average price. This move significantly enhances WM's environmental solutions in the healthcare sector, aiming to achieve more than $125 million in annual synergies and be accretive to earnings and cash flow within one year.
WM plans to finance the acquisition through a combination of bank debt and senior notes. The acquisition is expected to close by Q4 2024, pending regulatory and shareholder approvals.
WM, listed on the NYSE under the ticker symbol WM, has announced a quarterly cash dividend of $0.75 per share. This dividend is scheduled to be paid on June 21, 2024, to shareholders who are on record as of June 7, 2024.
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