And I also was very encouraged to see pricing in two particular places that we're encouraging: residential, which John talked about, and landfill and transfer. Garbage & Recycling. So we're going to continue to get those assets in play as quick as we can and drive the benefit. We need this to enable us to match you with other users from the same organisation. Recycling service provider listcan advise on appropriate recycling service levels. And it's a labor-intensive business, and we have 25% turnover in those driver ranks. The 40 basis point margin decline year over year is due to three things; one, commodity price impacts on our renewable energy and recycling businesses, which created a 50 basis point margin headwind. And if you need additional color on that, Ed and Heather are sure to get you the details that you need. I think, Jerry, it's also worth mentioning that our team is, over the years -- the last couple of years has really come to appreciate the fact that landfill aerospace is a precious commodity and if you think about particularly the East Coast, that space doesn't come cheaply and it's -- there's a finite life to all of those. I could say the same thing about MSW volume or a couple of the other things. No. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. The second is that truck deliveries are improving. So those three are really kind of our near-term focus that will help us out in the long term. Just wondering how that positions you given the province -- if Ontario is looking to put in a producer responsibility legislation or as producer responsibility legislation? See information above regarding program changes effective July 1, 2023. The 96-gallon cart is provided to each eligible household in Richmond, Petersburg, Colonial Heights, Hopewell, and Ashland. Your recycling matters and the County wants to help you recycle right! Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This article is a transcript of this conference call produced for The Motley Fool. Turning to SG&A, we're pleased with the progress we're making to drive leverage from a more efficient cost structure. depended on the type of entity, turnover and number of The Village contracts with Waste Management for this service. OK. And can I ask on the post-collection pricing momentum that, John, you mentioned in the prepared remarks. Tobey Sommer -- Truist Securities -- Analyst. I'm not going to pay three times for an electric vehicle, what I pay for a CNG vehicle. include solar photo-voltaic modules or panels or cells, which are 2022, SB 1383 requires Californians to sort and separately collect food scraps, yard debris and food-soiled paper from trash and recycling. reduction of hazardous substances by ensuring that products do not Composting is relatively easy and takes less space than you think. record of e-waste collected, dismantled, recycled, and sent to But everything we're looking at still seems to be OK. It's a good point, though, because RNG is a renewable fuel. To hear a replay of the call access the WM website at investors.wm.com. Henrico, Hanover and Goochland Counties I'll now turn the call over to Devina to discuss our financial results in further detail. Residents and businesses may begin transitioning to private haulers at any time by contacting their preferred hauler. Waste Management's Orchard Ridge Drop-Off Facility (W124N9355 Boundary Road) for Yard Waste, excess Recycling, and excess Garbage is open. Visit our site for information on weekly trash schedules, bulk pickup options & more. 2. Overall, you have an assumption all this would improve. NOTE: this service only applies to garbage. To schedule rear door garbage service, contact Waste Management at 941-493-4100. You said it better than I would. redefine ways to deal with e-waste to achieve our sustainability When one of these holidays falls on a weekday, residential collection will be delayed one day for the remainder of the week. Since 1883, the Alliance Franaise de Paris has been devoted to sharing and promoting the beauty of French language and culture. statistics indicates that India is the third largest generator of When you combine these strategic positioning -- when you combine this strategic positioning with the essential nature of our service, our diverse customer base and our recurring revenue streams, it provides confidence in our ability to continue to reach our strong financial projections over the long term. So I don't know really what the other folks reported, but I would tell you, there's no loss of discipline whatsoever. Please refer to the earnings press release tables, which can be found on the company's website at www.wm.com for reconciliations to the most comparable GAAP measures and additional information about our use of non-GAAP measures and non-GAAP projections. 2023 has started off as planned and we're pleased to have achieved our first-quarter targets. Looking forward to seeing you in New Orleans. With Public transport in Paris and le-de-France: itinerary planner; metro, RER and bus maps; information on: traffic, fares, hours, areas Our next question comes from the line of Tyler Brown with Raymond James. Thank you, Tawanda. So we're pleased with that because I know there were a few that had questioned our $70 number, and that looks like it's probably going to hold. . Hello. I want to frame these results and then talk about the efforts in place to optimize our cost to serve in 2023 and over the long-term. Sat 8 am-12 pm. Contact WM at 775-329-8822. But as you saw within our post-collection pricing and more specifically our transfer stations, we continue to address that through the revenue quality of the remote gates at or the transfer station. It's just everybody needs to understand it. Any redistribution, retransmission, or rebroadcast of this call in any form without the expressed written consent of WM is prohibited. Bryan, we are still looking to see $70 for 2023. WM Holiday Schedule. And we've been working really earnestly the last two years not just on the wage front, but from an employee experience to get those numbers down. But we need to see some progress on -- particularly on the infrastructure. So to Devina's point, there's a little pensiveness by the field, and we understand it's to send those trucks back, whether it's rentals or surplus assets. These facilities are expected to open in fall 2023. Given this, Chesterfield is transitioning to a curbside recycling collection model where citizens can work directly with private haulers for recycling collection, like they currently do for trash services. And we talked a lot about drivers, it's our biggest population. I like the way you said that, Michael. Electrification always comes to mind. These margin impacts were offset in part by a 40 basis point improvement in SG&A and a 30 basis point benefit from the timing of alternative fuel tax credit. Are your RNG or CNG trucks considered essentially net zero? Making the world smarter, happier, and richer. And we're making the progress that we expect to make so that they have incremental value creation for both the market in the solid waste business that we acquired, and then also thinking about the differentiated service model that we will now have in the recycling part of the business because this is a new line of business for us. Thanks for taking my question. That was considered when we put together our plan for EBITDA and EBITDA margin this year. And as you can imagine, those have very high turnover, somewhere in the neighborhood of 50% for those. Maybe the best indicators for us are things like churn and price rollbacks. WM, formerly known as Waste Management . Maybe just on -- in your prepared remarks, you talked about the MRF you opened in Toronto here. Invest better with The Motley Fool. Just I was looking back through the Q4 transcript, and I'm not really sure I saw it. Hey, Jim, John. And so we'll see some of that benefit as we go through the rest of the year in terms of where inflation headline numbers continue to be high. But any heightened recession concerns with your customers? 2016 with effect from 1st April 2023. Integration costs and upfront dilutive margins of these acquisitions had about a 35 basis point impact in the quarter. Please refer to the service map to determine collection days. Thank you. That's great. The county recognizes the importance of recycling and its effectiveness in reducing the volume of household waste that ends up in landfills and desires a robust recycling program available to all citizens predicated upon multiple choices at the lowest price possible. So commodities and RINs were a 50 basis point headwind, M&A was about a 40 basis point headwind. Sat 8 am-12 pm EMAIL pnwrsservices@wm.com Phone 800-592-9995 M-F 7 am - 7 pm Sat 9 am - 1 pm Unincorporated Areas South of the Stillaguamish River Sustainability starts in the community. As we exited those numbers, went up past historic averages. But just any thoughts on the pricing environment, your go-to-market strategy? Development translates into exponential technological The Board of Supervisors has waived the first half recycling fee for recycling services provided from Jan. 1 to June 30, 2023. Environmental concerns regarding the What we intend to do there, at one point, we had moved our renewable energy business into the fuel line, and with some of the noise it was creating in the fuel line, we saw value in pulling that out. But other than that, it's been -- I think the temp story has been a consistent one. And Jim, just one last one, if I could. And I would tell you, we've made 400 to 500 basis points of improvement in a lot of those key frontline roles, and. Our next question comes from the line of Stephanie Moore with Jefferies. The good news is we're starting to open up. The National Biodiversity Authority in Chennai has been established for the purposes of implementing the objects of the Act. Waste Management staff work all holidays except New Year's Day, Memorial Day, July 4th, Labor Day, Thanksgiving Day, and Christmas Day. We look at the heavy equipment at our landfills and all of that. Great. Time . And then, of course, the third one is when we talked about three weeks ago, which are those sustainability investments. registered entities. and reused. A complete list and preparation instructions can be viewed in the, Electronics (stereos, computers, toaster, etc. So while we're encouraged the worst of the recent uncertainty is behind us, we still need to see a more reliable delivery schedule from manufacturers. By using our website you agree to our use of cookies as set out in our Privacy Policy. That is something that differentiates us from others who simply don't have that technology in place. And Jim mentioned that overall, the whole basket of goods has moved up here a little bit as we exited Q4 into Q1 and then even exiting Q1 into Q2. Can you talk about, did we get a full quarter run rate out of the initiatives that you mentioned on the call center side this quarter? focused more on the producer's responsibility to collect back returns. Is the opportunity for that maybe near-term dilutive impact from M&A in a given period of time to maybe diminish over time because of this? goals. Hi, team. The Motley Fool has a disclosure policy. This program allows residents to recycle paper, cardboard, glass and plastic in a single container, while deferring waste from local landfills. So I'm wondering, as you're thinking about the cadence, is there a potential for margins to be up stronger sequentially than the typical two points that we've seen in the past. Public Works supervises the contracts for automated solid waste and recyclable collection. It's almost always been the lowest yield number on a quarter-by-quarter basis. Thank you. Recyclers are required to ensure that the fractions or material Please note: this program is ending on Saturday, July 1, 2023. Maybe you can talk to your sense of the mills inventory position on recycled fiber. Landfills, transfer stations and waste-to-energy facilities across the Commonwealth will no longer accept mattress and box springs for disposal. These adjusted measures in addition to free cash flow, are non-GAAP measures. I don't know, Michael, we've seen a meaningful movement there. Changes to Curbside Recycling in 2023 Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. Please contact the CVWMA at 804-340-0900 to request free recycling stickers for containers you own. Very helpful. product user documentation. Receive an email reminder a day before your collection. All Rights Reserved, manufactures or offers to sell EEE under its own brand; or, offers to sell under its own brand, assembled EEE produced by Your line is open. One, we have our toe in all those ponds in terms of watching all the technology advancement and see how it's not only going to progress to commercialization, but commercialization through a heavy-duty fleet like ours, which are two distinctions. Download the 2023 recycling collection schedule. Leaf it Out! The City of Houston accepts cartons for recycling. Business and School Recycling. . But I've got a lot of questions this morning. To schedule rear door garbage service, contact Waste Management at 941-493-4100. Garbage, Trash, recycling, Yard and Waste, residential, commercial, multifamily Service - Hansville, Kingston, Manchester, Olalla, Silverdale, Suquamish, Poulsbo, WM provides garbage, recycling and Yard and Waste services for residential, commercial and construction customers including Kitsap County, Washington. Voter registration, polling locations, absentee voting, & election information, Paying your bills online quick and easily, Receive email or text notifications and emergency alerts, Find current job openings and submit your application or resume online, Simple and quick access to read and download permits online. The Motley Fool recommends Waste Management. that lasts" i.e., "a path along which the maximisation of All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. View holiday collection information. We're down about 29 in volume. I wanted to just ask my follow-up on the sort of more recent, like April, late March trends. All trash and recycle items must be placed at the curb no later than 6:30 a.m. on your service day. as per the revised Schedule I of 2022 We don't expect that to continue over the remainder of the year. By state law, yard waste - such as grass clippings, leaves and tree branches, may not be put in the trash. And then you mentioned in higher incentive compensation, I wasn't sure if you were talking cash flow or EBITDA. Get the WM app to make service requests on the go. With the mass electrification of transportation, recycling of batteries is a growing concern in India as a significant part of discarded batteries eventually end up in garbage disposals. notified the E-Waste (Management) Rules, 2022 on 2nd November 2022 Any additional garbage containers (not provided by Waste Management) or bags left for collection, will not be picked up and tagged. Investments we are making in our people and processes are also important. Recyclables, yard waste and any large or special pickup items must still be placed curbside. But maybe you could touch a little bit about if there's any change in your approach to acquisitions as you continue to kind of balance SG&A reduction as well as acquisitions.