Waste Management Stock Price, News & Analysis

Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.575 per share, scheduled for payment on December 17, 2021. This dividend will be distributed to shareholders recorded on December 3, 2021, demonstrating the company's commitment to returning value to its investors. Waste Management is a leading provider of waste management services in North America, including collection, disposal, and recycling, with a strong focus on environmental sustainability.

Waste Management (WM) plans to invest $200 million in recycling infrastructure in 2022, increasing its total investment to over $700 million since 2018. This investment aims to enhance recycling capabilities and meet rising demand for recycled products. WM has recently opened new facilities in cities including Chicago and Salt Lake City, incorporating advanced technologies. By 2023, 95% of residential facilities will be upgraded, boosting recycling efficiency and capacity while supporting sustainability goals.

Waste Management, Inc. reported robust financial results for Q3 2021, with revenue reaching $4.665 billion, up from $3.861 billion in Q3 2020. This growth was fueled by a $260 million increase in collection and disposal operations, alongside $295 million from acquisitions, notably Advanced Disposal. Operating EBITDA rose to $1.323 billion, showcasing a margin of 28.4%. Diluted EPS improved to $1.28 from $0.92 year-over-year. The company anticipates total revenue growth of 17% to 17.5% for 2021, alongside a projected free cash flow between $2.5 billion and $2.6 billion.

Waste Management (NYSE: WM) will release its third quarter 2021 financial results on October 26, 2021, before the market opens. Following the release, an investor conference call is scheduled for 10 a.m. ET. Interested investors can listen via a live audio webcast on their website or by phone. A replay of the call will be available until November 9, 2021. Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America.

Waste Management, Inc. (NYSE: WM) has declared a quarterly cash dividend of $0.575 per share, payable on September 17, 2021. Stockholders of record as of September 3, 2021 will receive this dividend. As a leader in North America's waste management services, Waste Management provides collection, disposal, recycling, and landfill gas-to-energy facilities across the United States and Canada. This dividend reflects the company's ongoing commitment to returning value to its shareholders.

Waste Management reported strong financial results for Q2 2021, with revenue reaching $4.476 billion, up from $3.561 billion in Q2 2020. Net income rose to $351 million from $307 million, translating to a diluted EPS of $0.83 compared to $0.72 last year. Adjusted operating EBITDA increased by 28%, and the company announced a revised 2021 revenue growth forecast of 15.5% to 16.0%. Additionally, Waste Management is enhancing shareholder returns with up to $1.35 billion in share repurchases.

Waste Management will release its Q2 2021 financial results before the market opens on July 27, 2021. An investor conference call is scheduled for 10 a.m. ET the same day. The call will be accessible via investors.wm.com or by phone for US/Canada listeners at 877-710-6139 and international listeners at 706-643-7398. A replay will be available until August 11, 2021. Waste Management is North America's leading provider of waste management services, including collection, disposal, and recycling.